How to check your profit and loss on Binance?

Accessing Your Binance Dashboard

1. Log in to your Binance account through the official website or mobile application. Ensure that two-factor authentication is active to protect your data and assets.

2. Once logged in, navigate to the 'Wallet' section. This area provides a comprehensive overview of your holdings across spot, futures, and other trading accounts.

3. Select the account type you want to analyze—Spot, Futures, or Convert History—depending on where your trades were executed.

4. The dashboard displays real-time balances, total asset value in USDT or your preferred fiat, and recent transaction records.

5. Look for the 'Transaction History' or 'Order History' tab to begin tracking individual trades that contribute to your overall profit and loss.

Using the Binance Report Tool

1. Visit the 'Reports' section under the 'Wallet' menu. This feature allows users to generate detailed summaries of their trading activities.

2. Choose the report type—Profit and Loss, Deposit/Withdrawal History, or Comprehensive Account Statement—based on your needs.

3. Set the date range for the analysis. You can select predefined periods like 7 days, 30 days, or customize a range up to one year.

4. After generating the report, Binance compiles data including trading fees, realized gains, losses from liquidations, and funding payments in futures trading.

5. Download the report in CSV format to open in spreadsheet software for deeper analysis, filtering, and categorization of income and expenses.

Analyzing Realized vs Unrealized Gains

1. In the futures trading interface, switch to the 'Positions' tab to view open trades. The unrealized P&L reflects current gains or losses based on market price fluctuations.

2. Close a position to convert unrealized P&L into realized P&L, which then appears in your transaction history and reports.

3. For spot trading, compare the average buy price against the current market price to estimate unrealized profit or loss manually.

4. Binance does not automatically calculate spot trading P&L unless you use the Tax Report tool, which requires enabling transaction recording.

5. Keep track of buy and sell orders across multiple pairs, as profits in one pair may offset losses in another when evaluating overall portfolio performance.

Integrating Third-Party Portfolio Trackers

1. Use API keys to connect Binance with external platforms like Delta, CoinTracker, or Koinly. These tools offer advanced P&L visualization and tax reporting features.

2. Generate a new API key from Binance under 'API Management,' ensuring only 'Read' permissions are granted for security.

3. Enter the API key and secret into the third-party platform, allowing it to sync all transaction data automatically.

4. Third-party trackers aggregate data across exchanges, calculate cost basis, and show net profit after fees and taxes, offering a clearer financial picture than native tools.

5. Regularly audit the imported data to confirm accuracy, especially after large trades or withdrawals that may delay synchronization.

Frequently Asked Questions

How do I find my total trading fees on Binance?Go to 'Wallet' → 'Transaction History' → Filter by 'Trading Fee.' The system lists all deducted fees in BNB or the respective trading pair, which can be exported via the report tool.

Does Binance include deposit and withdrawal fees in P&L reports?No. P&L reports focus on trading gains and losses. Network fees for deposits and withdrawals are recorded separately under 'Transaction History' but aren't factored into trading profit calculations.

Can I see P&L for a specific cryptocurrency pair?Yes. In the 'Orders' section of Spot or Futures trading, filter by trading pair. Review filled orders to manually calculate entry, exit, and net profit, factoring in commission fees.

Why is my unrealized P&L negative even if the market price hasn't dropped?Unrealized P&L in futures accounts considers entry price, liquidation price, leverage, and funding rates. A negative value may occur due to accumulated funding payments or a drop in the underlying asset’s price since entry.