When traders open a position on the Bybit platform, they will be able to see the details shown inside their Positions tab. By default, this Positions tab is located right underneath the price charts. To reset the layout of your Bybit trading platform, please clear your browser's cookies and cache.
Therefore, with reference to the image above, traders will also be able to see the unrealized PNL % shown within their Positions tab. Below are some of the key details that traders need to know about this unrealized PNL %
1) This is calculated using Mark Price and not Last Traded Price (LTP).
The image below shows how both prices are illustrated inside the order book. It is also evident that the Last Traded Price (LTP) can have a price difference from the Mark Price.
2) The formula for calculating the unrealised PNL% is to take face value of your PNL / the initial margin of your position.
Again using the image above as an example,
Unrealised PNL% = (0.0085 / 0.0245) * 100% = 34.69% ( An approximate figure as Mark Price is constantly changing)
Note: This means that this is the expected return on the initial margin you have used for the opening of this position and not the ROE% on your total account balance.
3) The unrealised PNL shown inside your Positions tab is only showing up to 4 decimal places.
To view the full 8 decimal places, please click on your Assets tab located on the top left corner of your main trading page.
In summary, as a general guide, please use this unrealised PNL% shown inside your Positions tab as a quick reference instead of regarding it as the absolute actual PNL% when you intend to close your position.
4) If you place your mouse cursor above the unrealised PNL face value, it will show you another figure: Unrealised PNL based on Last Traded Price
On Bybit, the opening and closing of positions are based on the platform's Last Traded Price. So by implementing this additional unrealised PNL figure, traders can now better estimate their actual PNL% based on current LTP rather than Mark Price. Note: Unrealised PNL does not include your position's trading fees or funding fees.