What is a realized profit and loss? (Global Futures)

A realized profit or loss is the profit or loss incurred after a futures position is closed.

For example, if you bought 1 contract of ES for $4100 and sold it for $4200, your Realized Profit and Loss = (Sell Price - Buy Price) x Quantity x Contract Multiplier = (4,200 - 4,100) x $50 x 1 unit = $5,000.