📊PnL (Profit and Loss)

When engaged in Perps, your trade's financial performance and outcome heavily rely on key metrics such as ROI (Return on Investment) and PnL (Profit and Loss).

This guide aims to clarify the concept of PnL, especially focusing on its Realized and Unrealized aspects, as well as to highlight how various fees affect PnL estimation. The fees are:

• the Maker and Taker Fees (for opening and closing your position, respectively);

• the Funding Fee (paid depending on the imbalance between long and short positions);

• and the Rollover Fee (charged depending on the interest rate differential between the two currencies of the pair).

Notably, HunteX features 0% Taker, Funding, and Rollover Fees.

In Perp trading, PnL can be either Realized or Unrealized depending on whether the position is open or closed.

Realized PnL Represents the actual gains or losses that materialize when you close a trading position. It takes into account the difference between the Entry Price (the price you opened your position at) and Exit Price (the price you closed your position at) along with the Maker and Taker Fees, the Funding Fee, and the Rollover Fee. Realized PnL offers a clear picture of your trade’s financial performance.

Unrealized PnL On the other hand, Unrealized PnL reflects your open position’s potential gains or losses. It changes as the asset’s market price fluctuates but it is not actualized until you close the position. Unrealized PnL is an ever-changing metric, sensitive to the market conditions at a specific time.