---
title: "Why does my P&L on Arrow change after 3:30 PM?"
description: "Your P&L on Arrow changes after 3:30 PM because the system switches from using the Last Traded Price (LTP) to the official closing price declared by…"
category: arrow
subcategory: general
slug: why-does-my-p-l-on-arrow-change-after-3-30-pm
canonical: https://support.arrow.trade/arrow/general/why-does-my-p-l-on-arrow-change-after-3-30-pm/
---

# Why does my P&L on Arrow change after 3:30 PM?

> Your P&L on Arrow changes after 3:30 PM because the system switches from using the Last Traded Price (LTP) to the official closing price declared by…

## Short answer

Your P&L on Arrow changes after 3:30 PM because the system switches from using the Last Traded Price (LTP) to the official closing price declared by the exchange.

## How P&L calculation works for equity holdings

During trading hours (9:15 AM to 3:30 PM), Arrow uses the LTP or live price to calculate your P&L for stocks on the holdings and positions page. After the market closes at 3:30 PM, the exchange declares the official closing price, which is the weighted average of trades in the last 30 minutes (3:00 PM to 3:30 PM). Your holdings page then switches to this closing price to calculate your stock values and P&L.

## How P&L calculation works for F&O positions

For futures and options, Arrow calculates your P&L differently depending on the time:

9:15 AM to 3:30 PM: Uses the current LTP

3:30 PM to midnight: Uses the LTP at 3:30 PM

Next day until 9:15 AM: Uses the previous day's closing price

Since the last traded price and closing price often differ, you will see variations in your P&L accordingly.

## Related

- Browse more in [general](/arrow/general/)
- Open account: [kyc.arrow.trade](https://kyc.arrow.trade)
- Trade on Arrow: [app.arrow.trade](https://app.arrow.trade)
- Support: [support@arrow.trade](mailto:support@arrow.trade)

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Source: https://support.arrow.trade/arrow/general/why-does-my-p-l-on-arrow-change-after-3-30-pm/
Publisher: Arrow / iRage Broking Services LLP