Guide
Trading Fees and Break-Even Price
How entry fees, exit fees, spreads, and slippage change the real price at which a trade becomes profitable.
Gross profit is not net profit
A trade that exits above entry can still lose money after fees. This happens most often with small targets, frequent trading, or high taker fees.
The cleanest habit is to calculate break-even before the trade and compare it with the planned target.
The fee stack
Entry fee, exit fee, spread, slippage, funding, borrow cost, and tax treatment can all affect the final result.
For simple spot trades, entry and exit fees are enough for a first estimate. For leveraged trades, funding and liquidation risk need separate checks.
Practical rule
If the expected move is only slightly larger than the fee-adjusted break-even distance, the trade has very little room for execution error.