Understanding Asset Profit & Loss Analysis

Understanding Asset PNL

PNL (profit and loss) = Cumulative PNL = Closing Assets – Opening Assets – Net Inflow During the Period

• Net Asset Inflow During Period = Crypto Deposits + Crypto Withdrawals + Other Items (Red Envelopes, Bonuses, Transfers, Refunds). A complete breakdown of net inflow assets is available starting from March 25, 2026.
• Daily PNL = End-of-day Closing Assets – Opening Assets at 00:00 (UTC) – Net Inflow of the Day（You can view your Daily PNL in Asset Overview > Asset PNL > PNL Calendar）

Understanding Return Rate

The return rate represents the ratio of cumulative profit or loss to the initial cost over a given period, and can be used to evaluate your account's overall performance. Please note: if your account experiences frequent or large deposits/withdrawals of funds or crypto assets during the period, the return rate calculation may be affected. Choosing the right calculation method for your situation is therefore important. Multiple methods exist for calculating the return rate, each with its own advantages and limitations.

Return Rate · Simple Weighted

The Simple Weighted Return treats all net inflows as occurring at the midpoint of the period and applies a 0.5 weighting factor to derive the adjusted opening assets. This method is straightforward and easy to understand, and is generally better suited for users with infrequent deposits or withdrawals.

• Return Rate = PNL ÷ (Opening Assets + 0.5 × Net Inflow During the Period)
• Net inflows are uniformly weighted at 0.5 when factored into the effective principal. This reflects the assumption that deposited funds or assets did not participate in the full day's PNL, which more closely represents actual trading performance. Counting the full inflow as principal would significantly dilute the return rate.

Example:

If the opening assets are extremely low, the return rate may be disproportionately magnified. In such cases, please refer to the absolute PNL amount as the primary indicator.

Return Rate · Time-Weighted

The Time-Weighted Return (TWR) divides the entire period into daily sub-periods, calculates the return for each sub-period, and then chains them together to derive the total return. By accounting for the timing of net inflows on a daily basis, this method generally produces a more accurate result than the Simple Weighted method when deposits and withdrawals occur frequently. However, large deposits or withdrawals can sometimes cause the return rate to show a sign opposite to what is expected, in which case the figure should be considered unreliable.

• Return Rate = Product of daily returns, i.e.,

[(1 + Day 1 Return) × (1 + Day 2 Return) × (1 + Day 3 Return) × … × (1 + Day N Return) − 1] × 100%

• Daily Return = Daily PNL ÷ (Prior Day's Closing Assets + 0.5 × Today's Net Inflow)
• Net inflows are uniformly weighted at 0.5 when factored into the effective principal. This reflects the assumption that deposited funds or assets did not participate in the full day's PNL, which more closely represents actual trading performance. Counting the full inflow as principal would significantly dilute the return rate.

Example:

FAQs

Why do different return rate methods produce different results?

Each method handles net inflows during the period differently, which leads to differences in the cumulative return produced by each method.

How do I choose the right return rate method?

If no net inflows occur during the period, both methods will produce identical and accurate results. However, if any deposits or withdrawals take place, the results will differ — and the longer the time period, the greater the divergence.

For most users, we recommend the following order of preference: Time-Weighted Return > Simple Weighted Return.

Why is my cumulative PNL positive (negative) while my return rate is negative (positive)?

Since all calculation methods factor in the concept of total assets, large deposits or withdrawals that reduce total assets can cause the cumulative PNL and the return rate to show opposite signs. This typically occurs when using the Time-Weighted Return method, as illustrated below:

In such cases, the return rate may not accurately reflect your actual position PNL. Please refer to the cumulative PNL figure, or switch to a different return rate calculation method. If the sign discrepancy also appears under the other calculation methods, please contact customer support for further assistance.

Actual Launch date of new PNL analysis feature?

The asset PNL analysis features described on this page (including PNL, Simple Weighted Return, and Time-Weighted Return) are expected to be launched at 10:00 on July 24, 2026 (UTC). The actual launch date and availability are subject to the display in your account. The schedule may be adjusted due to system upgrades or operational changes without prior individual notice. We appreciate your understanding.