Summary of PNL Levels and Reliability on Binance:
Binance presents the PNL in 3 levels of information. Below is a summary of each level and its degree of reliability:
- PnL of an Active Position:
- Reliability: with divergences
- Explanation: The PnL divergence of an active position is based on the difference in calculation using the Mark price or Market price. While it is provided by Binance, there might be variations in the results due to the different price bases used. More information can be found at this link.
- PnL of a Closed Position:
- Reliability: Trusted
- Explanation: The PnL presented in Binance's order history for closed positions is audited and matches the PnL presented by Anny, providing reliable information.
- Aggregated PnL:
- Reliability: Unreliable
- Explanation: Binance's daily aggregated PnL is marked as unreliable on its platform. Due to data complexity and exchange rate fluctuations, there might be a margin of error or delay. Moreover, Binance does not present a detailed list that makes up the aggregated value, making it challenging to audit the calculation method, errors, and divergences. Anny, on the other hand, offers full tracking of the aggregated data, allowing for easy and transparent auditing by the team and the community.
Binance disclaimer on the page:
"Due to data complexity and exchange rate fluctuation, there may be a margin of error or delay. All data is for reference only. We are sorry for any inconvenience caused".
It is recommended that users rely more on Anny's data, which offers greater traceability and transparency, and in case of doubt, they can audit individual trades (PnL of closed positions) to gain confidence in Anny's results.
Out-of-sync trades are not included in the analytics. These trades can occur when users make changes in the exchange or when there are communication failures between Anny and the Exchange. It is essential to consider this factor while reviewing the analytics to ensure accurate and up-to-date information.