1. Realized PNL

This is the actual profit or loss you've made after closing a trade.

It reflects completed transactions.

Example: If you bought Bitcoin at $30,000 and sold it at $BTC 35,000, your realized PNL is the profit from that trade (minus

2. Unrealized PNL

This shows the potential profit or loss on your open positions, based on the current market price.

It fluctuates constantly with market price changes.

If you haven’t closed the trade yet, this is your “floating” profit or loss.

In Futures Trading

PNL is especially important:

Unrealized PNL affects your margin balance and liquidation risk.

Binance displays ROE% (Return on Equity) alongside PNL to show performance relative to your margin.

Summary

Term Meaning

PNL Profit and Loss (overall or per trade)

Realized PNL Profit/loss from closed trades

Unrealized PNL Current profit/loss from open positions