Crypto Break-Even Price Calculator
Find the exit price where a perpetual futures trade stops losing money once the entry fee, the exit fee and the funding paid while you hold are covered, for a long or a short. The form starts with the coin's live price and its current funding rate and interval, which you can change.
A BTC long from $82,060.00 held 24 hours breaks even at $82,155.69 (+0.12%) after 0.05% and 0.05% fees and the live funding rate of +0.01% every 8 hours.
Your position
USDT perps, isolated marginResult
Link to this calculation- Break-even exit price
- Move needed from entry
- Trading fees (entry + exit)
- Funding paid (negative: received)
- Total to cover (fees + funding)
- Position value
- Position size
Estimate: Funding is approximated on the entry value and assumed to stay at the rate you enter; exchanges charge it on the position's value at each payment, and the rate changes every interval. Use your own fee tier (maker or taker) for the fees.
Worked example
BTC long, the numbers above- You buy 0.121862 BTC at $82,060.00: a $10,000.00 position. The 0.05% entry fee costs $5.00.
- Funding of +0.01% every 8 hours, held 24 hours, is 3 payments: +0.01% × 3 × $10,000.00 = $1.66 paid. Positive funding means longs pay shorts.
- Closing costs 0.05% of the exit value. Break-even = entry × (1 + entry fee + funding × payments) ÷ (1 − exit fee) = $82,060.00 × 1.0006655 ÷ 0.9995 = $82,155.69.
- That is 0.12% above your entry: the long has to cover $11.66 of fees and funding before it makes money.
The formula
Long: Break-even = Entry × (1 + entry fee + funding × payments) ÷ (1 − exit fee)
Short: Break-even = Entry × (1 − entry fee + funding × payments) ÷ (1 + exit fee)
Payments = Holding time ÷ Funding interval · Fees = entry fee × Entry value + exit fee × Exit value · Funding paid = ± funding × payments × Entry value
At the break-even price the move from your entry pays exactly the fee to open, the fee to close and the funding. Positive funding means longs pay shorts, so it lifts a long's break-even, while a short that collects it can exit a little higher and still break even. The funding rate is the current one, assumed to stay constant, and is charged on the entry value. Leverage doesn't change the price: fees and funding are charged on the position's value, not the margin. For a position built in several fills, start from the average entry price.
Crypto Break-Even Price Calculator FAQ
How is the break-even price calculated?
For a long: entry × (1 + entry fee + funding rate × payments) ÷ (1 − exit fee). For a short: entry × (1 − entry fee + funding rate × payments) ÷ (1 + exit fee). Payments = holding time ÷ funding interval. At that exit price the price move pays exactly the fees on the way in and out and the funding.
How does funding change the break-even?
Positive funding means longs pay shorts: it raises a long's break-even, and a short that collects it can exit higher and still break even. Negative funding does the opposite. Compare the current rates on the funding rates page.
Is the funding rate the live one?
The form starts with the current rate and interval of the coin's perp (Binance, then Bybit, then Hyperliquid) and assumes it stays constant. Funding is reset every interval, so for longer holds treat it as an estimate. The funding fee calculator compares the cost across exchanges.
Which fee should I use?
Your exchange's taker fee for a market order and its maker fee for a limit order that rests on the book. 0.05% is a typical taker fee for USDT perps; the entry and exit can differ.
Does leverage change the break-even price?
No. Fees and funding are charged on the position's value, not the margin, so the price you need is the same at any leverage. Leverage changes how much of your margin the costs eat: see the PnL calculator for ROE.