> For the complete documentation index, see [llms.txt](https://docs.ashswap.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ashswap.io/getting-started/understand-ashperp/ashperp-terms/net-pnl.md).

# Net PnL

#### Net PnL vs. PnL

PnL (Profit and Loss) represents the financial outcomes, either losses or gains, resulting from trading activities.

$$
%PnL=\frac{(ClosePrice-OpenPrice)\*Leverage}{OpenPrice}\*100%
$$

$$
PnL=Collateral\*%PnL
$$

Net PnL refers to the remaining amount obtained after subtracting all fees and expenses from the total PnL

$$
NetPnL=PnL-BorrowingFee-CloseFee-LiquidationFee
$$

$$
BorrowingFee=BorrowingFeeAPR\*PositionSize
$$

* The PnL and real-time borrowing fee are displayed on the **Position** tab. If you see positive PnL but it is smaller than the accrued borrowing fee, your Net PnL is actually negative.
* The Net PnL can be seen once you have closed the order (see tab **History**). We will also include the fee breakdown on the **History** tab so you can understand how your final PnL is calculated.

<figure><img src="/files/5tl3qgsB5Q7Yf8bwPQCB" alt=""><figcaption></figcaption></figure>

{% content-ref url="/pages/U8q9eak0p6FbyDnGjeUI" %}
[AshPerp Fee](/getting-started/understand-ashperp/ashperp-fee.md)
{% endcontent-ref %}

{% content-ref url="/pages/1LgEPYAJgKNjowbEwEKA" %}
[Borrowing Fee](/getting-started/understand-ashperp/ashperp-terms/borrowing-fee.md)
{% endcontent-ref %}

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