Crypto Risk/Reward Calculator
Check a trade before you take it. Enter the entry, the stop-loss, the take-profit and how much of your account you risk: the calculator returns the risk/reward ratio after fees, the position size, and the leverage at which the liquidation price would reach your stop.
A BTC long from $73,775.10 with a stop at $72,299.60 and a take-profit at $76,726.10 is 1 : 1.86 after fees. Risking 1.00% of $10,000.00 that is 0.0645771 BTC, and the stop stays ahead of liquidation up to 42.2x.
Your position
USDT perps, isolated marginResult
Link to this calculation- Risk : reward (after fees)
- Position size
- Position value
- Loss if stopped out
- Profit at take-profit
- Break-even win rate
- Stop distance
- Target distance
- Max leverage (liquidation beyond the stop)
- Leverage needed with the whole balance as margin
- Margin at your leverage
- Estimated liquidation price
The estimated liquidation price comes before your stop, so you would be liquidated first. Lower the leverage below the max leverage.
The margin needed is more than your balance. Use more leverage or a smaller position.
The fees are bigger than the move to your take-profit: this trade loses money even if the target is hit.
Estimate: These are estimates. Exchanges use tiered maintenance margin (bigger positions need more), liquidate on the mark price rather than the last trade, and handle fees and cross margin their own way. Check your exchange's position screen before you trade.
Worked example
BTC long, the numbers above- Each BTC loses $1,475.50 between entry $73,775.10 and stop $72,299.60, and makes $2,951.00 between the entry and the take-profit at $76,726.10 (plus 0.05% fees on each leg).
- Reward ÷ risk after fees = $2,875.75 ÷ $1,548.54 = 1.86, written 1 : 1.86. You break even if more than 35.00% of trades like this hit the target.
- Risking 1.00% of $10,000.00 = $100.00 gives a position of $100.00 ÷ $1,548.54 = 0.0645771 BTC ($4,764.18). At the take-profit it makes $185.71.
- The liquidation price must stay beyond the stop, or the exchange closes you out first. With a 0.33% maintenance margin rate that holds up to 42.2x. The position is worth less than your balance, so it needs no leverage at all (0.476x with the whole balance as margin).
The formula
Risk per coin = |Entry − Stop| + fee × (Entry + Stop) · Reward per coin = |Target − Entry| − fee × (Entry + Target)
R:R = Reward ÷ Risk · Break-even win rate = 1 ÷ (1 + R:R) · Position size = Balance × Risk % ÷ Risk per coin
Max leverage (long) = Entry ÷ (Entry − Stop × (1 − MMR − fee)) · (short) = Entry ÷ (Stop × (1 + MMR + fee) − Entry)
The max leverage is the liquidation price formula solved for the leverage that puts the liquidation price exactly on your stop. Above it you are liquidated before the stop fires. The size comes from the position size calculator's formula: the stop, not the leverage, sets what you lose.
Crypto Risk/Reward Calculator FAQ
How is the risk/reward ratio calculated?
Reward per coin (entry to take-profit) divided by risk per coin (entry to stop), with the fee on both legs taken off the reward and added to the risk. 1 : 2 means you stand to make twice what you risk.
What is the break-even win rate?
The share of trades that must hit the target for the setup to pay for itself: 1 ÷ (1 + ratio). At 1 : 2 you need to win more than a third of the time.
What does the max leverage mean?
The leverage at which the isolated-margin liquidation price lands exactly on your stop. Above it the exchange liquidates you before the stop fires and you lose the whole margin, so stay below it.
Does leverage change the risk?
No. The stop and the position size set the loss. Leverage only sets how much margin the position ties up and how close the liquidation price is. For sizing alone use the position size calculator.