Crypto futures profit calculator
CryptoKeyhole’s futures calculator works out what a perpetual trade makes or loses between entry and exit, after fees on both trades and the funding paid while it was open, with the break-even price and the return on your margin.
- Return on margin
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- Fees
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- Funding
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- Break-even exit
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- Liquidation near
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How it works
The position is the margin times the leverage; its quantity is that value divided by the entry. The gross profit is the quantity times the move from entry to exit, reversed for a short.
Fees are charged on the value of each trade, at entry and at exit. Funding is the rate per eight hours times the position’s value for each eight-hour period held: paid by longs when the rate is positive. The liquidation price uses a flat 0.5% maintenance rate; the liquidation calculator uses the venues’ own tiers.
Questions
How is the profit of a futures trade worked out?
The quantity times the move from entry to exit (reversed for a short), less the fees on both trades and the funding paid while the position was open. The return on margin is that profit divided by the margin put up.
What is funding?
Perpetuals have no expiry, so longs and shorts pay each other a small rate, usually every eight hours, to keep the contract near the spot price. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs.
What is the break-even price?
The exit at which the fees and funding are exactly covered. A long must close above it, a short below it, to make money.
Why does leverage not change the profit?
Leverage changes how much margin backs the position, not the position itself, so the profit in dollars is the same; the return on margin and the risk of liquidation grow with it.
Prices filled from CryptoKeyhole’s daily closes; funding rates for each venue are on CryptoKeyhole’s funding charts. Not advice.