How is profit and loss calculated?
The P&L calculation depends on your position direction:
For BUY positions:
- P&L = ((Current Price (BID) - Open Price) / Open Price) * Quantity
For SELL positions:
- P&L = ((Open Price - Current Price (ASK)) / Open Price) * Quantity
Important: All trade quantities are denominated in the quoted currency of the market (e.g., USDT in BTC/USDT pair).