Free calculator
Break-even calculator
Enter your entry, the size of the position and your fee rate to see the exit price where the trade stops costing you money, and how far price has to move to get there.
Break-even calculator
EstimateThe example is a $10,000 long on Bitcoin from $60,000, paying 0.05% to open and again to close. Change any number.
Fix the highlighted field to see the result.
Before slippage, which can add a little more on a fast market. Fee rates vary by exchange and by order type, so check yours.
How it works
A trade that closes at exactly its entry price still loses money: you paid a fee to open, you pay another to close, and you may have paid funding while it was open. The break-even price is where the move covers all of it.
Example: a $10,000 long from $60,000 at 0.05% a side breaks even at about $60,060, a 0.10% move. If it has also paid $5 of funding, that is 0.1667 BTC carrying $30 of cost per coin, and break-even moves up to about $60,090.
Moving your stop to break-even
A common way to manage a trade is to take part of it off at the first target and move the stop to the entry, which lesson 09 walks through. Because of fees, a stop at the exact entry is a small loss when it is hit. A stop at the break-even price from this calculator is the real zero.
The other break-even: getting back from a loss
After a loss you need a bigger gain than the loss just to get back to where you started, because the gain is worked out on a smaller account.
| Account down | Gain to get back |
|---|---|
| 10% | 11.1% |
| 20% | 25% |
| 30% | 42.9% |
| 50% | 100% |
| 75% | 300% |
That curve is why small, fixed risk per trade matters. The position size calculator keeps each loss to the share of the account you chose.
Common questions
Why isn't break-even just my entry price?
Because fees are charged when you open and again when you close, and funding is paid while a futures position is open. All of it comes out of the move, so price has to travel a little past your entry before the trade is even.
Should I use the maker or the taker fee?
Use the fee you actually pay. A market order, or a stop that fills at market, pays the taker fee. A limit order that rests on the book usually pays the lower maker fee. If you are not sure, the taker fee is the safer guess.
Where do I find the funding I paid?
Your exchange lists funding payments in the position or transaction history. To see what each side is paying right now, check the live funding rates.