AAX Calculator allows futures traders to use position information (position margin, leverage, average entry/exit price and contract quantity) to calculate **Expected PnL, Closing Price, and Liquidation Price.** This allows traders to better understand their trading goals and also manage their position better.

**Instructions:**

**Step 1: **Locate AAX Calculator on the top right of the Order:

**Step 2:** Using the Calculator, you may select for calculations either

**(1) Expected PnL**

**(2) Closing Price**

**(3) Liquidation Price**

** **Notes that trading fees and funding fees are not included in the calculations*

* *

**Example 1**

**Expected PnL calculation**: Calculating position profit and loss (excluding fees)

Traders can calculate the Margin, Profit/Loss, Profit/Loss% and Returns of Equity (ROE) by inputting the Leverage, Amount of Contracts, Open Price and Closing Price.

**Margin:** The required order cost when opening position

**PnL:** Profit and loss of the position that excludes fees

Formula: Amount of Contract (1/open price - 1/closing price)

**Returns of Equity (ROE):** Ratio of return on assets to initial margin used in the position

Formula: P&L / Initial Margin

** **

Traders can enter the following value to calculate the required Margin, Profit/Loss, and Returns of Equity (ROE)

Example: Buy Long, Leverage: 10 x, Qty: 200, Entry Price: $7,000, and Close Price: $8,000

**For convenience's sake, traders can also see the size of the position and open price for the current contract type. **

**Example 2**

**Closing Price**: Calculate the target price when the position reaches the specified rate of ROE % (excluding fees)

Example: Buy Long, 5 x, Open Price: $7,000, ROE %: 20

Entering the value above, we can calculate that for the position to reach a 20% ROE, the targeted take profit/exit price has to be set at around 7292 USD.

Similarly, traders can refer to the bottom part of the calculator window.

** **

**Example 3**

**Liquidation Price:** Calculating the liquidation price while being on cross margin mode

Example: Buy Long, Leverage: 10 x, Qty: 1000, Entry Price: $7,000

Entering the set of value in the calculator below shows the Liquidation Price as $6392.50

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