What Is the Break-even Price?
The break-even price is a "break-even" price point that factors in the bot's grid profit and funding fees. Whether you're holding a long or short position, when the price reaches this point, the order neither makes a profit nor incurs a loss.
How Is the Break-even Price Calculated?
Break-even Price = Current Price of the Pair + (−Current Profit / Current Position)
This formula is calculated based on the current position (it does not take pending/unfilled orders into account). When the price reaches the break-even price, total profit is zero. It helps you understand the current profit/loss level of your open position.
Calculation notes:
Current profit can be positive or negative (profit is positive, loss is negative).
Current position can be positive or negative (long is positive, short is negative).
As a result, in certain extreme cases the break-even price may show an abnormal value.
Special case: The break-even price may fall below zero or show an extreme value when the following occur at the same time:
When long, total profit is unusually high but the current position is small.
When short, the loss is unusually large but the current position is small.
How to Check the Break-even Price
App Version
Open the Pionex App and tap "Bot" to go to your trading bot list.
Find and tap the bot you want to check.
Tap "Detail"
Select "Placed"
On the "Placed" page, you'll see the "Break-even Price"
Web Version
Log in to the Pionex website.
Click "Orders" in the top menu.
Go to "Trading Bot Orders"
Click the bot you want to view.
Select "Share"
You'll see the "Break-even Price."
FAQ
Q: Why is my long grid bot's liquidation price higher than its break-even price?
A: The break-even price is calculated only based on the currently held position — it represents the price at which the bot would neither profit nor lose if it stopped running right now and the position size stayed unchanged.
The liquidation price, however, is also affected by factors such as margin and subsequent position changes, so it can be higher than the break-even price calculated on its own.