Crypto leverage and margin calculator

How the calculation works

Notional = margin × leverage. Quantity = notional ÷ entry. Gross P/L = direction × quantity × (exit - entry). Gross return on margin = P/L ÷ entered margin.

Worked example

Example: 1,000 margin at 5 times leverage controls 5,000 notional, or 50 tokens at an entry of 100. A long exit at 110 produces 500 gross profit before costs.

How to use the result

The same token quantity has the same gross price P/L regardless of how much margin funds it. A smaller margin makes that P/L a larger percentage of margin.

Mathematical remaining equity is entered margin plus gross P/L. A venue may liquidate the trade earlier than the chosen scenario exit.

What this result leaves out

• No liquidation price is calculated. Maintenance tiers, cross-margin assets, account protections, fees and funding are excluded.
• Negative mathematical equity is not a statement of your actual account liability.

Method and sources

• Kraken: linear derivatives P/L

Calculation method reviewed 23 October 2026. This is an estimate from your inputs, not investment or tax advice.