Reading your PnL

Reading time ~4 min · Last updated 2026-07-17

The contest is scored on equity, so understanding exactly how the platform computes your profit and loss is not optional bookkeeping — it is the scoreboard.

Unrealised vs realised

• Unrealised PnL — the mark-to-market gain or loss on open positions: (mark price − entry price) × size for longs, the reverse for shorts. It breathes with every tick and can vanish as fast as it appeared.
• Realised PnL — locked in when you close (fully or partially). Fees and funding also land here.

Equity — the number the leaderboard reads

equity = wallet balance + unrealised PnL of all open positions

This is why an open winner counts: unrealised gains raise your equity, your margin headroom, and your rank in real time. It is also why they are fragile — the leaderboard can reshuffle without anyone placing a trade.

Why PnL differs from "price moved X%"

• Leverage — PnL is computed on notional, not on the margin you posted; a 2% move on 6x effective leverage is ±12% of equity.
• Fees — entry and exit each cost 0.02–0.04% of notional.
• Funding — every 8 hours, in or out, at rate × notional.
• Average entry — adding to a position blends your entry price; the terminal shows the weighted average, so your break-even moves each time you add.