How crypto PnL is calculated

Your profit on a leveraged futures trade is the price move times the position size (notional), not just your margin. Notional = margin × leverage. For a long: PnL = (exit − entry) ÷ entry × notional. For a short, it flips: you profit when price falls. Return on margin = PnL ÷ margin — leverage multiplies both your gains and your losses, which is why liquidation matters. Check your liquidation price and size with the position size calculator before entering.