1. Unrealized PnL: For a long position in a futures contract, the PnL is calculated using the following equation:

**PnL = n*m*(Future Current Price - Future Entry Price) (in BTC).**

For a short position in a Futures contract, use this equation:

**PnL = -n*m*(Future Current Price - Future Entry Price) (in BTC).**

2. It is worth noting that your unrealized profits and losses are adjusted from the locked margin you post. Profit on a futures position adds to the Margin (Locked Balance). Conversely, the loss is subtracted from the locked margin, and you may need to add more funds and top it off to continue holding your position.

3. The settlement price is determined at the maturity of the contract through a predefined method described in the contract specifications. All open positions at the time of contract maturity are closed at the settlement price.

4. Realized PnL: In the case of futures, PnL can be realized either by exiting the position in the market or via the settlement process at the maturity of the contract.

5. For a long position in a Futures contract:

**PnL = n*m*(Future Current Price - Future Entry Price) (in BTC).**

6. Exit a long position via settlement:

**PnL = n*m*(Future Current Price - Future Entry Price) (in BTC).**

7. Exit a short position in the market:

**PnL = n*m*(Future Current Price - Future Entry Price) (in BTC).**

8. Exit a short position via settlement:

**PnL = n*m*(Future Current Price - Future Entry Price) (in BTC).**

9. Inverse Futures

The futures contracts discussed above are also known as ’vanilla’ inverse futures and are similar to vanilla futures. However, there is one key distinction: the relationship between the futures price and position PnL is inverted.

10. For a long position in an inverse Futures contract:

**PnL = n*m*(Future Current Price - Future Entry Price) (in BTC).**

11. For a short position in an inverse Futures contract:

**PnL = n*m*(Future Current Price - Future Entry Price) (in BTC).**