Last updated: August 26, 2026
Arbitrage Profit and Total Profit are not necessarily the same figure. Arbitrage Profit describes the product’s funding or arbitrage component, while Total Profit can also reflect unrealized valuation changes, fees and other product-specific adjustments.
Start with units before subtracting
If Arbitrage Profit is 0.03 and Total Profit is 0.3 in the same currency, sign and time window, the arithmetic difference is positive 0.27. But one figure could be a percentage and the other an amount, or they could cover different timestamps. Confirm the labels first.
Components to reconcile
| Component | What to check |
|---|---|
| Arbitrage or funding income | Settled amount and product deduction rules |
| Unrealized PnL | Open spot/futures valuation and basis |
| Fees | Entry, fills, funding and estimated closing costs |
| Total Profit | Complete formula shown by the current product |
Unrealized means it can still change
A spot-futures hedge reduces directional exposure but does not eliminate basis, spread or execution risk. Until the position is closed or redeemed, the valuation component can rise or fall.
Use one timestamp
- Confirm whether each figure is currency, percentage or APR.
- Use the same account and timestamp.
- Record settled funding or Arbitrage Profit.
- Record unrealized PnL, fees and deductions.
- Compare the result with the closing or redemption preview.
Read Pionex’s current Arbitrage documentation, Arbitrage risk guide and funding-fee guide.
Frequently asked questions
What is Arbitrage Profit on Pionex?
It is the return attributed to the product’s arbitrage or funding component under the current interface, separate from other valuation changes and costs.
What is unrealized profit?
It is a gain or loss on open exposure that has not yet been fully realized through closing or settlement and can change as prices and basis move.
Why can Total Profit differ from Arbitrage Profit?
Total Profit can include the arbitrage component plus unrealized valuation changes and applicable fees or adjustments, depending on the product’s current calculation.
If Arbitrage Profit is 0.03 and Total Profit is 0.3, is the difference 0.27?
Only if both numbers use the same currency, sign, time and unit. Then the arithmetic difference is 0.27, but the detail page must identify which component created it.
Can unrealized profit turn negative?
Yes. Basis, spread, execution and open-position valuation can move against the strategy before it is closed.
Is a positive Total Profit guaranteed when funding income is positive?
No. Fees, basis changes, spread, timing and product conditions can offset funding or arbitrage income.
How should you reconcile the display?
Confirm currency and decimal units, then record arbitrage or funding income, unrealized PnL, fees, insurance-fund deductions, basis and the closing preview at one timestamp.
Arbitrage is not risk-free. Funding, basis, spread, fees and execution can reduce returns or cause loss.
