Entry price is the execution price of a trade that establishes or increases a position. It provides a starting reference for measuring that position’s price-based profit or loss, but it is not necessarily the price originally requested in an order.
An order can have several fills
A market order trades against available liquidity and can fill at multiple prices. A limit order controls its acceptable execution price, but may fill only partly or not at all. When several opening fills are combined, the platform normally displays an average entry price calculated under the contract’s rules.
For a long position, higher subsequent prices generally improve gross PnL; for a short, lower prices generally do so. Contract design determines the exact formula and settlement currency.
Entry is not break-even
Closing at the entry price may still leave a net loss after trading fees, funding or borrowing costs. The all-in break-even level therefore can differ from the displayed entry price.
Entry price also differs from current mark price, an order’s trigger price and liquidation price. Changing leverage alone does not rewrite an executed trade’s price. Adding exposure, however, can change the displayed average and the amount of risk carried.