How the profit is calculated
Position value at entry is units times buy price. Position value at exit is units times sell price. Gross profit on a long is the difference; on a short it's the reverse. Fees are charged on both sides, on the value at entry and the value at exit, which is why a round trip costs more than one fee percentage.
Break-even and fees
The break-even price is the sell price where net profit is exactly zero. It sits above your buy price on a long because both fees have to be covered. With a 0.1% fee each way the gap is about 0.2%; with a 0.6% retail fee it's about 1.2%, which is why frequent trading at retail fee tiers is hard to make pay. The fee calculator breaks the round trip down further.
Leverage: what changes and what doesn't
Leverage multiplies the position, not the price move. A 5% move on a 10x position is a 50% gain or loss on the margin you put in. It doesn't change the break-even price at all, because fees and price are the same whether the money is yours or borrowed. What it does change is survival: the liquidation estimate here is the simple version, entry price times (1 - 1 / leverage) for a long, and real exchanges liquidate a little earlier because they hold a maintenance margin. The liquidations guide explains why those levels matter to the whole market, and the position size calculator works the problem from the risk side.
Reading the result
Profit in dollars tells you what happened to your account. ROI tells you whether the trade was worth the risk. The price change figure tells you what the market did, independent of your sizing and fees, which is the number to compare against other opportunities. If ROI looks great but the price change was small, leverage did the work, and leverage cuts both ways.
Frequently Asked Questions
The guides behind this calculator
- Position sizing How much to risk before you think about profit.
- Liquidations as a signal What happens at the liquidation price, and why it moves markets.
- Funding rates The cost of holding a leveraged position that this calculator leaves out.
More calculators
Formulas last reviewed 2026-09-10. Educational tool, not financial advice. Results depend entirely on the numbers you enter.