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Account Value and PnL

Account value combines the assets and perpetual positions held in one trading account.

Trading PnL​

  • Unrealized PnL is the gain or loss on an open position based on its entry price and the current mark price.
  • Realized PnL is the gain or loss recognized when a position is reduced or closed.

Funding PnL​

Funding PnL is the funding payment accrued by an open position. It may be positive or negative and is shown separately from trading PnL.

Available margin​

Available margin may differ from the displayed account value. Margin calculations account for:

  • the collateral value of deposited assets;
  • unrealized trading and funding PnL;
  • existing positions; and
  • the potential exposure of open orders.

Collateral assets may contribute less than their full market value. See Margining for the canonical definitions and risk calculations.

All values are account-specific. Balances or PnL in another subaccount do not support the account.

These materials are provided for informational purposes only and do not constitute financial, investment, legal, or tax advice, or an offer or solicitation to buy or sell any asset. Trading digital assets and derivatives involves substantial risk, including the possible loss of some or all capital. Products may not be available in all jurisdictions. Users are responsible for evaluating suitability and complying with applicable laws.