Long vs Short Futures PnL
A long position benefits when the target price is above the entry price. A short position benefits when the target price is below the entry price.
Long trade
(target - entry) / entry
Positive when price rises.
Short trade
(entry - target) / entry
Positive when price falls.
Answer summary
Use the same entry, target, leverage, and margin values, then switch the calculator between long and short to compare directional outcomes.
Related: profit formula, leverage ROI.