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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.

Quick worksheet before using the calculator

Use this worksheet to keep the page useful before opening the live futures calculator. Enter the position size, leverage, fee rate, and target move so the next click is a calculator action, not an unrelated ad destination.

Before using leverage, compare gross PnL, exchange fees, funding, liquidation distance, and risk per trade. Futures calculations are planning tools, not financial advice.