You can use the Binance Futures Calculator to estimate the initial margin, profit and loss (PnL), return on investment (ROI), and liquidation price before placing any orders.
1. Click on the [Calculator] icon located on the order entry panel on the right side of the Futures trading interface. For more information, please refer to How to Use Binance Futures Trading Interface.
2. Select from the following options: [PNL], [Target Price], [Liquidation Price], [Max Open], or [Open Price].
3. Choose [Long] or [Short]. Then, enter your entry price, exit price, and order quantity. Adjust the leverage level by dragging the slider to your preferred setting.
4. Click [Calculate] to view the initial margin, PnL, and ROI results on the right side.
Notes for calculating P&L, Initial Margin, and ROI:
USDⓈ-Margined Contracts
Initial Margin:
Initial Margin = Quantity * Entry Price * IMR
IMR = 1 / leverage
PnL (Profit and Loss):
Long position = (Exit Price - Entry Price) * Quantity
Short position = (Entry Price - Exit Price) * Quantity