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Entry price is the average price your position filled at. P&L is the difference between it and the current price, times size.

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Entry price

The reference point for the trade. Long: profit when price is above entry. Short: profit when price is below it. Additional fills move the average.
OWNIT Positions table zoomed in with the Entry column highlighted and labeled Entry price: a BTC long at 5x entered at 66,820.00 with mark 67,409.00, and an ETH long at 5x entered at 3,180.00 with mark 3,242.00.

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Understanding P&L

Unrealized P&L is what the open position would make or lose at the current mark; it counts toward equity, and so toward both loss limits. Realized P&L has already settled to your balance. Size scales both: the same move is twice the P&L at twice the size. Unrealized P&L (long) = (mark − entry) × size

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Fees in your P&L

Every position pays two trading fees, both taken from your balance on the fill. They reduce equity, so they count toward the loss limits. Note that holding a position also costs a funding fee: an hourly payment between longs and shorts. Whether you pay or receive it depends on the market and on whether you’re long or short. The current rate is in the Markets table. Rates and worked examples: Fees.

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uP&L and rP&L

The Positions table shows both for every open position.
  • uP&L is the price move only: (mark − entry) × size. It does not include fees.
  • rP&L is realized from the first fill. The opening fee goes into it when the position opens, and funding as each hour settles. Closing part of the position adds that size’s gross P&L and its closing fee. Hover it to see each part.
OWNIT ETH long in the Positions table, zoomed in, with uP&L (+21.70, +9.75%) and rP&L (+4.47) each ringed and labeled, and a line from rP&L to its breakdown: +5.00 gross P&L, −0.43 opening fee, −0.10 closing fee, and 0.00 funding.
Example

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Before you close

The Close position dialog shows what the close will add before you confirm. Realized P&L at the top already holds the opening fee and any funding settled so far. Below it are the unrealized P&L on the size you are closing and the closing fee for that size. Expected net P&L is all three together.
OWNIT Close position dialog for a 0.15 BTC long at 5x: entry 66,820.00, −3.01 realized P&L, a market close of the full size, +88.35 unrealized P&L, −3.03 closing fee, and +82.31 expected net P&L.
Example

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While a position is open

Unrealized P&L moves with every tick and is inside your equity.
An open loss can breach the max daily loss or max loss before you close.

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After you close

Unrealized P&L becomes realized and no longer moves with the price. The closed trade appears in Trade history with its entry, exit, fees, and net P&L.