"PNL" on **Binance** refers to **Profit and Loss**, which tracks your trading performance. Here's a breakdown:
### 1. **Types of PNL on Binance**
- **Realized PNL**:
Profit/loss from **closed positions** (e.g., after selling a coin or closing a futures trade).
*Example*: Bought BTC at $30,000 → Sold at $35,000 → **Realized PNL = +$5,000**.
- **Unrealized PNL**:
Profit/loss from **open positions** (e.g., coins still held or active futures trades).
*Example*: Bought BTC at $30,000 → Current price $32,000 → **Unrealized PNL = +$2,000**.
### 2. **Where to Find PNL on Binance**
- **Spot Wallet**:
Go to `Wallet` → `Spot` → Check `24h P&L` for changes in your holdings' value.
- **Futures/ Derivatives**:
Navigate to `Futures` → `Positions` → See `Unrealized PNL` for open trades.
`Trade History` shows `Realized PNL` for closed trades.
- **Earn Products**:
PNL is reflected as interest earned (e.g., staking, savings).
### 3. **Key Notes**
- **Calculation**:
PNL = (Exit Price – Entry Price) × Quantity – Fees.
*Futures* include funding fees and commissions.
- **Taxes**:
**Realized PNL** is often taxable (check local regulations).
- **24h PNL**:
Shows profit/loss across all holdings over the past 24 hours.
### Example Scenario (Futures):
- Open ETH long at $1,800 → Current price $1,850 → **Unrealized PNL = +$50/contract**.
- Close trade → **Realized PNL locks in the $50 gain** (minus fees).
### Why It Matters:
- Tracks performance.
- Helps manage risk.
- Informs tax reporting.
For details, check:
`Binance App/Website` → `Wallet` → `Spot/Futures` → `PnL` section.
Always factor in fees to avoid miscalculations! 💡
