$SOL
What is "Unmatched Orders PnL" and why does it look so bad? 📊
My bot shows -$7.92 in "unmatched orders PnL" today. People ask me if this means the bot is losing money.
It doesn't. Here's the explanation:
How a grid bot places orders:
When you launch a grid bot, it places BUY orders below current price and SELL orders above. Each pair earns a small profit when completed.
What "unmatched" means:
A BUY order that hasn't found its matching SELL yet is "unmatched." The bot bought SOL at, say, $88 — but if SOL is now at $94, that position shows a temporary paper gain. However if the bot placed the buy at $91 and price moved to $94 without the sell triggering yet, it shows an unrealized cost.
In my case right now:
65 buy orders are sitting between $65–$93. SOL is at $94. Those orders haven't been matched yet → they show -$7.92 on paper.
What happens next:
When SOL pulls back to $90, $88, $85 — each buy order activates, finds its matching sell, and that -$7.92 converts into realized profit.
The key insight:
Unmatched PnL is not a loss. It's deferred profit waiting for price to return.
My real scorecard this cycle: $9.06 in matched (locked) profit and counting. ✅
Does this make sense? Questions welcome 👇
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