Futures calculator for risk-first planning.

Futures trading lets you speculate on the price of a cryptocurrency without owning it. You open a position (long or short) and profit or lose based on how the price moves relative to your entry. Unlike spot trading, futures use leverage.

Leverage lets you control a larger position with less capital. 10x leverage means $100 controls $1,000 worth of crypto. Profits are amplified — but so are losses. Higher leverage means your liquidation price is closer to your entry.

The liquidation price is the point where your position is forcibly closed by the exchange because your margin can no longer cover losses. When price hits this level, you lose your entire margin for that position.

Going long means you profit if the price goes up. Going short means you profit if the price goes down. In futures, you can make money in both bull and bear markets depending on your direction.

Funding rate is a periodic fee exchanged between long and short traders to keep the futures price anchored to the spot price. If funding is positive, longs pay shorts. If negative, shorts pay longs. It's charged every 8 hours on most exchanges.

PnL (Profit and Loss) = (Exit Price − Entry Price) × Position Size for a long, or reversed for a short. You must also subtract trading fees and funding costs. This calculator handles all of that automatically.

Position sizing determines how much capital you allocate to a trade. Proper sizing ensures a single losing trade doesn't wipe out your account. A common rule is to risk no more than 1–2% of your total capital per trade.