Commonly asked on live chat, this article seeks to explain the reason why your Closed P&L may be lower than expected compared to your unrealized P&L. In summary, it is due to the inclusion of trading fees and funding fees when calculating Closed P&L.
Please refer to the table below for a quick summary of the differences.
| Unrealized P&L | Closed P&L |
|
| Position P&L |
Yes | Yes |
| Fee to open position | No | Yes |
| Funding fees while holding position | No | Yes |
| Fee to close position | No | Yes |
| Estimated or Final P&L | Estimated based on Last Traded Price | Final P&L based on actual closing order exit price after deducting trading fees and funding fees |
Let us first understand what is Unrealized P&L shown inside your Positions tab
Unrealized P&L shown inside the Positions tab has the following key characteristics
1) It is purely meant as a quick estimate of a position's estimated P&L. This is not the final position P&L.
2) This estimated P&L is calculated based on the platform's Last Traded Price (LTP). If LTP fluctuates, the unrealized P&L will also increase or decrease accordingly.
3) The formula to calculate the P&L for can be found inside our help center articles.
- For Zoomex Inverse Perpetual P&L calculations, please refer to this article
- For Zoomex USDT Perpetual P&L calculations, please refer to this article
4) Unrealized P&L does not take into consideration any trading fees and funding fees that have been paid out in order to open and hold the position.
Next, let us understand what is Closed P&L
Closed P&L has the following key characteristics.
1)This is the final position P&L after closing the position
2) It is calculated based on the average exit price of your closing orders. If the closing order is eventually executed over multiple exit prices, the Closed P&L will also accurately account for these differences. To find out the actual exit prices of your closing orders, please visit your Trade History
3) The formula to calculate the P&L for can be found inside our help center articles
- For Zoomex Inverse Perpetual P&L calculations, please refer to this article
- For Zoomex USDT Perpetual P&L calculations, please refer to this article
4) Closed P&L does take into consideration all trading fees and funding fees that have been paid out in order to open, hold and close the position.