Question

Why is my Closed PnL a loss, when my UPnL was positive?

Answer

Closed PnL and UPnL are calculated a little differently.

UPnL is an Estimate based on Last Traded Price and does not take into account any potential adverse market price impact and the resulting execution price when closing a position. Closed PnL reflects the Final PnL on a position, based on actual executions when closing the position and deducting trading and funding fees.

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If this information is available from the exchange via API, Sandwich will display the UPnL and RPnL as reported by the exchange. Otherwise, Sandwich calculates the UPnL by using the Mark Price. If the Mark Price is unavailable, then the Last Price is used.

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