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BloFin has introduced Auto Breakeven, a risk management feature that automatically recalculates and adjusts breakeven prices in response to changes in futures trading positions, incorporating fees and funding costs.
BloFin has outlined details of its new Auto Breakeven feature for futures trading positions. According to the broker, this tool automatically recalculates and adjusts the breakeven price each time a position changes, taking into account opening, closing, and funding fees in real time. When the pre-set activation target is reached, Auto Breakeven shifts the stop-loss to the updated breakeven price and will close the position with a market order if triggered, although actual results may vary due to slippage. The feature applies to all futures contracts, can be used alongside take profit settings, and requires users to set activation parameters with care to avoid premature triggering in volatile markets.
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BloFin is a centralized cryptocurrency exchange offering trading in over 300 USDT-M perpetual futures contracts, alongside spot trading and copy trading features. It supports access via a web platform, mobile app, and API for automated strategies, and also provides options for passive income on uninvested assets. For more details, see the broker profile on Traders Union.
For background, our earlier news about BloFin highlighted the introduction of the TWAP function for automating large order execution on its futures platform. To learn more about this feature, see our previous BloFin update on Traders Union.