USDT-Margined Futures Position Info

Term Explanation
Quantity

USDT-margined futures contract quantities are counted in contracts, each with a corresponding multiplier.
Coin pair count = Number of contracts * Contract multiplier
For example, 1 BTC contract = 0.001 BTC

Long position quantity is positive, short position quantity is negative.

Value USDT-margined value is calculated in stablecoins, where position value = price × quantity.
Entry Price

The average entry price of the position changes with each addition or reduction by the user.

Example: You currently hold a BTCUSDT contract, going long with 1000 contracts. The entry price is 50,000 USDT. An hour later, you decide to open an additional 2000 contracts at a price of 60,000 USDT. Then:

Average entry price = Total entry value of BTC contracts / Total number of contracts

Total number of contracts = 1000 + 2000 = 3000

Total value of BTC contracts = 50000 + 120000 = 170000 USDT

Average entry price = 170000 / (3000*0.001) = 56666.7

Mark Price Current mark price of the USDT-margined contract.
Liquidation price See the section on liquidation price.
Margin Position margin = Initial margin + Unrealized PNL + Pre-frozen forced liquidation fees + Added/withdrawn margin + Funding fee collection & payment
Position Leverage Actual position leverage = Mark value of the position / (Margin - Pre-frozen forced liquidation fees).
Unrealized PNL

Unrealized PNL = Mark value - Entry value

= Quantity × (Mark price - Average entry price)

 

• Long position example

You currently hold a BTCUSDT contract, going long with 1000 contracts, equivalent to 1 BTC. The entry price is 50,000 USDT. When the latest mark price is 55,000 USDT, unrealized PNL will show as 5000 USDT.

Unrealized PNL = Quantity x [(Mark price) - (Average entry price)] = 1 x [(55000) - (50000)] = 5000 USDT

 

• Short position example

You currently hold a BTCUSDT contract, going short with 1000 contracts. The entry price is 50,000 USDT. When the latest mark price is 45,000 USDT, unrealized PNL will show as 5000 USDT.

Unrealized PNL = Contract quantity x [(Mark price) - (Average entry price)] = -1 x [(45000) - (50000)] = 5000 USDT

 

Note: The calculation of unrealized PNL does not include any trading fees or funding fees paid or received by the user during the position opening/closing/holding process.

RoE RoE = Unrealized PNL / Initial margin.
Realized PNL

Realized PNL = ∑PNL from position reduction - Trading fees - Total funding fees after opening the position

Realized PNL includes all trading fees, funding fees paid and received, and profits/losses realized from partial position closings (the difference between the average closing price and the average opening price).

Example: Suppose you hold a BTCUSDT contract, going long with 1000 contracts. The entry price is 50,000 USDT. You close 500 contracts at a price of 55,000, leaving 500 contracts still open.

• Partial closing profit/loss = 500x0.001x[55000-50000]=2500USDT

• Opening fees = (50000) x 0.06% = 30 USDT

• Closing fees = (55000) x 0.06% = 33 USDT

• Assumption of total paid funding fees = 3 USDT

Realized PNL of position = 2500 - 30 - 33 + 3 = 2440

 

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