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Gross{{ resultsReady ? formatCurrency(computation.values.gross_pnl) : '—' }} Move{{ resultsReady ? `${formatNumber(computation.values.ticks_moved, 4)} ticks` : '—' }} Margin return{{ resultsReady ? formatPercent(computation.values.net_pnl_margin_percent) : '—' }}
Choose the direction of the position being reconciled.
Match the basis in the exact exchange contract specification.
Negative prices are accepted when valid for the contract and record.
Use the same quote convention as the entry price.
The WTI educational example uses a tick size of 0.01.
Use a separate calculation for a different contract month or specification.
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The WTI educational example uses 1,000 currency units per 1.00 price point.
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Use the published value for one tick of one contract.
The filled WTI reference is an educational example; verify the current contract month.
Use the verification date, not the trade date.
All monetary inputs must already use this currency.
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The neutral default is zero; add only charges already converted to the selected currency.
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Margin is a performance bond, not a down payment or a loss limit.
P&L breakdown
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Calculation method:
These are the same canonical values used by the summary, chart, ledger, and exports.
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The price move is fractional under the supplied tick size. The arithmetic is not rounded; verify the prices, quote convention, and contract specification.
Margin is a performance bond and can change. Losses are not limited to the entered margin. This estimate excludes unentered charges, slippage, tax, interest, currency conversion, and contract-specific settlement or delivery rules.

The chart renderer is unavailable. The same values remain available in the breakdown and ledger.

Signal Value Audit note Copy
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Profit Margin Calculator Calculate profit margin and markup from revenue and direct cost, then test target pricing plus optional expenses and percentage fees.
ROI Calculator Calculate total and annualized ROI from cost and recovered value, then compare optional payback and a benchmark without hiding negative returns.
Capital Gains Tax Calculator Estimate U.S. capital gains tax from sale proceeds and adjusted basis with verified losses, federal brackets and an optional NIIT estimate.
RSU and Stock Option Tax Calculator Estimate U.S. tax for RSU vests and NSO or ISO events, including withholding gaps, payroll tax, AMT exposure, and sell-to-cover needs.

A small futures price move can create a much larger monetary gain or loss because one quoted point represents a standardized contract quantity. The exchange specification connects the quoted price, minimum tick, contract multiplier, and value of each tick. Those terms must belong to the same contract month and quote convention before any profit-and-loss calculation is meaningful.

Direction changes the sign of the move. A long position benefits when the exit or comparison price is above the entry price, while a short position benefits when it is below. Contract count scales the result again, and fees reduce it regardless of direction. This makes a correct specification at least as important as the arithmetic.

Tick size
The smallest quoted price movement for the contract.
Tick value
The monetary value of one tick for one contract.
Contract multiplier
The money value of a one-point price move for one contract.
Notional value
Quoted entry price multiplied by the effective multiplier and contract count.

Margin is not the purchase price of the position or a cap on loss. Futures margin is a performance bond, and positions are marked to market. A margin-relative percentage can show how large the calculated P&L is beside the entered margin amount, but it does not measure maximum risk, liquidation risk, or the cash that may be demanded after an adverse move.

This estimate is most useful for reconciling a known trade or testing a clearly specified price move. Slippage, unentered commissions, taxes, interest, currency conversion, settlement rules, delivery obligations, and changes to the contract specification remain outside the result.

How to Use This Tool:

Start from the exchange specification for the exact contract being reconciled, then enter the trade figures in the same quote convention.

  1. Choose Position direction and select either Contract multiplier or Published tick value as the specification basis.
  2. Enter the Entry price, Exit or comparison price, Minimum tick size, and Number of contracts. Negative prices are accepted when they are valid for that contract and historical record.
  3. Supply the multiplier or tick value from the same specification. Add a meaningful Contract specification reference and the date it was checked so the assumptions can be audited later.
  4. Choose one Contract currency, then enter fees and margin in that same currency. Include only charges already known and converted to that currency.
  5. Read the net P&L and reconciliation. If a fractional-tick warning appears, verify the prices, tick size, and quote convention rather than assuming the move should be rounded.

Interpreting Results:

Gross position P&L measures the direction-adjusted move across all entered contracts. Net position P&L subtracts the entered fees. A positive number is a calculated profit and a negative number is a calculated loss.

  • Ticks moved should normally agree with valid quoted increments. A fractional value is preserved, not silently rounded.
  • Break-even exit price is the price that offsets only the entered fees under the supplied contract terms.
  • Position notional describes scaled market exposure at entry. It is not cash paid, account equity, or maximum loss.
  • Net P&L relative to margin is context for the entered performance bond. It is not an investment return or a risk limit.

Technical Details:

Futures P&L converts a quoted price difference into ticks, assigns a monetary value to each tick, and scales that amount by contract count. The direction sign is +1 for a long position and -1 for a short position. Using a multiplier derives tick value from tick size; using a published tick value derives the equivalent multiplier instead.

Formula Core:

The calculation keeps the price move at full precision and does not force it onto a whole-tick grid.

vtick=stick×M T=d×(Pexit-Pentry)stick Gposition=T×vtick×N Pnet=Gposition-F
SymbolMeaningUnit or rule
dDirection sign+1 long, -1 short
MEffective contract multiplierCurrency per price point
TDirection-adjusted ticks movedTicks; fractional values are retained
NNumber of contractsPositive whole number
FEntered fees and commissionsSame currency as the contract

When published tick value is the basis, the effective multiplier is tick value divided by tick size. Break-even exit price is entry price plus d multiplied by fees divided by the effective multiplier and contract count. Entry notional is the absolute value of entry price multiplied by the effective multiplier and contract count.

For the CME educational WTI example, a long contract moves from 53.60 to 54.00 with a 0.01 tick and a 1,000-unit multiplier. The 0.40 move equals 40 ticks, each tick is worth 10 currency units, and gross P&L is 400 before fees.

Limitations:

This is an educational reconciliation, not financial advice, a broker statement, or a complete risk model.

  • Verify the current specification for the exact exchange, product, contract month, and quote convention.
  • Losses are not limited to the entered margin, and margin requirements can change.
  • Unentered commissions, slippage, taxes, financing, foreign-exchange effects, settlement, and delivery rules are excluded.
  • Use broker or clearing records for realized P&L and account obligations.

References: