We have developed positions tracking to provide traders with real-time information about their trading performance.
Whenever you purchase or deposit some cryptocurrency to your account at Xena Exchange, we remember the price of that currency. As the price grows or falls with time, we calculate your floating profit or loss and display it in the trading terminal or in Portfolio page:
Unrealized PL (Profit&Loss) is calculated as the difference between the open price of the position and the current market price, multiplied by the volume (quantity) of the position. It shows your approximate gain or loss in the event you were to close the position (sell all the respective currency) at the current market price. Total PL is a bit more complicated: it includes all trading and withdrawal fees you paid, and the financial result of all previous trading operations executed.
Yield is a standard financial metric that shows profit or loss in relation to the value of an initial investment. Earning $1,000 on an initial investment of$10,000 (10% yield) is much different than earning the same $1,000 on a $1,000,000 investment (0.1% yield).
The yield chart shown on the Portfolio page displays your trading results for the last month. Yield calculation takes all trading operations, paid fees and unrealized PL of open positions into account:
Both positions and yield are calculated in two base currencies — BTC and USDT. Results measured in different base currencies may differ significantly. Imagine a trader had 10 BTC in their account and bought some Ether. Unfortunately, Ether's price began to decline and so it was sold for a lower price than it was purchased. Say, after Ether is sold for a loss, the BTC balance becomes 9.5 BTC. Though there is an obvious loss of -0.5 BTC (-5%) when measured in BTC, from the USDT perspective the situation may be profitable depending on the price of BTC. If BTC was trading at 6,200 USDT before the trade commenced, and it now trades at 6,600, the PL measured in USDT is positive: (6,600 USDT per BTC * 9.5 BTC - 6,200 USDT per BTC * 10 BTC) = 700 USDT (+1.13%).
Therefore, you should select your depending on your investment goals and habits. If you have large amount of BTC, it's worth measuring your results in BTC. If you receive your paycheck in dollars and spend mostly dollars — track your trading performance relative to USDT. Remember, you can switch between BTC and USDT and back at any moment.