Last updated: August 25, 2026
Unrealized profit is the changing gain or loss on an open position that has not been closed. It rises or falls with the asset or contract price. On a Pionex bot, it is different from grid or arbitrage profit already created by completed buy-and-sell cycles.
Unrealized profit in plain English
If an open position is worth more than its cost basis, it shows an unrealized gain. If it is worth less, it shows an unrealized loss. The amount can reverse before the position is closed because the market price continues to move.
A simple spot illustration is:
Unrealized profit or loss = (current price − average purchase cost) × amount held
The exact display can also reflect product-specific costs and valuation rules. Futures positions use mark price for unrealized profit or loss, not merely the last traded price.
Grid profit versus unrealized profit
| Metric | What it represents |
|---|---|
| Grid or arbitrage profit | Profit from completed buy-low and sell-high grid cycles, after the product’s stated calculations |
| Unrealized profit or loss | The floating change in value of the position still held |
| Total profit | The bot’s combined performance using the components defined by that product |
On Pionex grid products, total profit can be negative even when grid profit is positive. This happens when the unrealized loss on the held asset is larger than the profit from completed grids.
When does unrealized profit become realized?
It becomes realized when the relevant asset or contract position is closed through a sale, offsetting trade, bot closure or automatic exit. The actual amount can differ from the displayed figure because price, spread, fees and slippage can change during execution.
Why Futures Grid unrealized profit differs
Pionex states that Futures Grid uses mark price for floating profit and loss. Funding payments are also reflected in unrealized profit on that product. Leverage increases how quickly the position changes relative to margin and adds liquidation risk.
Do not read one profit number alone
- Check whether the value is realized or unrealized.
- Compare grid profit with total profit.
- Review fees, funding and interest where the product uses them.
- Check the asset amount and average cost.
- For futures, monitor mark price, margin and liquidation price.
If you have released Grid Profit and cannot find it, read where released Grid Profit goes on Pionex. For current formulas and fields, see the Reverse Grid guide and Futures Grid guide.
Frequently asked questions
What does unrealized profit mean?
It is the changing gain or loss on an open position before that position is closed.
Can unrealized profit disappear?
Yes. If the market reverses before you close the position, an unrealized gain can shrink or become a loss.
Is grid profit the same as unrealized profit?
No. Grid profit comes from completed grid cycles, while unrealized profit or loss comes from the position still held.
Why is total profit negative when grid profit is positive?
The unrealized loss on the held position can be larger than the profit generated by completed grids.
When does unrealized profit become realized?
It becomes realized when the relevant position is closed, subject to the final execution price and costs.
Why does mark price matter in futures?
Pionex uses mark price to calculate futures unrealized profit or loss and liquidation conditions.
Do funding fees affect unrealized profit?
Pionex states that Futures Grid funding income or expense is reflected in the unrealized profit field.
This article is for informational purposes only and does not constitute financial or investment advice. Crypto and futures trading carry significant risk.
