📄️ Overview
Profit and Loss calculation in crypto is not easy to build. However, it is an important metric while evaluating the financial performance of an asset. In this tutorial, we will see how to build a simple profit and loss calculator in Python using Bitquery's balanceUpdates API
📄️ Calculating Balance Change Over Time
This is the first step, where we calculate
📄️ Getting Prices for the Period of P&L Calculation
This code will extract the price of the specified token on the first and last day of the period for which you need the PL. You can modify the query and parameters to get the prices for a different token, time period, or multiple tokens.
📄️ Final Step: Profit & Loss Calculation
In this final step, this code snippet will calculate the P&L for the specified token over the specified time period. You can modify the code to calculate the P&L for multiple tokens, different time periods, or to use a different P&L calculation formula.