How do I calculate a blended exit price across multiple scale-out legs?

Multiply each exit leg's price by its own contract count, add those together, then divide by the total number of contracts exited across all legs.

Why isn't my realized P&L just the blended exit price minus my entry, times my total size?

Because legs exited at different prices carry different profit per contract. Applying one blended price to the full size understates the leg that exited better and overstates the leg that exited worse. Summing each leg's own realized P&L separately gives the correct total.

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What's my blended exit price and realized P&L scaling out of a futures position in pieces?

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Enter Your Entry and Exit Legs

Fill in your entry, the dollar value of one full point of price movement for your contract, and each exit leg you actually took. Leave a leg's fields blank if you only scaled out in one or two pieces.

Direction

Long Short

Entry price

Dollar value per point

What one full point of price movement is worth on your contract, not the tick value.

Exit Leg 1 (required)

Exit price

Contracts

Exit Leg 2 (optional)

Exit price

Contracts

Exit Leg 3 (optional)

Exit price

Contracts

Your Result

Fill in your entry, point value, and at least one exit leg on the left, then click Calculate.

How this is calculated

The blended exit price is a weighted average of every exit leg you enter: each leg's price times its contract count, summed, divided by the total contracts across all legs.
Realized points per leg is that leg's exit price minus your entry for a long, or your entry minus that leg's exit price for a short, so a favorable move always reads as a positive number regardless of direction.
Realized dollars per leg is that leg's points times its own contract count times your dollar value per point. The total realized P&L is the sum of all three legs, not the blended price applied to the total size, since legs exited at different prices don't average the same way profit does.
This tool only totals the contracts you enter as exited. If you still hold contracts open, they carry unrealized P&L this tool does not calculate, since that depends on a closing price you don't have yet.

Risk & liability disclaimer: This calculator produces a mathematical estimate based on the numbers you enter. It is not financial advice and does not guarantee any trading outcome. Futures trading involves substantial risk of loss and is not suitable for everyone. Trading Habits is not a broker-dealer, futures commission merchant, registered investment adviser, or tax professional, and is not affiliated with any broker, exchange, or data provider. We do not guarantee this tool is error-free or suitable for your situation. Always verify results independently and consult a licensed professional before making any trading or financial decision. You could lose some or all of the capital you trade with.

What's my blended exit price and realized P&L scaling out of a futures position in pieces?

Enter Your Entry and Exit Legs

Your Result

How this is calculated

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