diff --git a/docs/includes/pairlists.md b/docs/includes/pairlists.md
index f6e8cb6d4..031397719 100644
--- a/docs/includes/pairlists.md
+++ b/docs/includes/pairlists.md
@@ -196,7 +196,7 @@ Trade count is used as a tie breaker.
 You can use the `minutes` parameter to only consider performance of the past X minutes (rolling window).
 Not defining this parameter (or setting it to 0) will use all-time performance.
 
-The optional `min_profit` parameter defines the minimum profit a pair must have to be considered.
+The optional `min_profit` (as ratio -> a setting of `0.01` corresponds to 1%) parameter defines the minimum profit a pair must have to be considered.
 Pairs below this level will be filtered out.
 Using this parameter without `minutes` is highly discouraged, as it can lead to an empty pairlist without a way to recover.
 
@@ -206,7 +206,7 @@ Using this parameter without `minutes` is highly discouraged, as it can lead to
     {
         "method": "PerformanceFilter",
         "minutes": 1440,  // rolling 24h
-        "min_profit": 0.01
+        "min_profit": 0.01  // minimal profit 1%
     }
 ],
 ```
diff --git a/freqtrade/plugins/pairlist/PerformanceFilter.py b/freqtrade/plugins/pairlist/PerformanceFilter.py
index 671b6362b..d3196d3ae 100644
--- a/freqtrade/plugins/pairlist/PerformanceFilter.py
+++ b/freqtrade/plugins/pairlist/PerformanceFilter.py
@@ -68,14 +68,14 @@ class PerformanceFilter(IPairList):
         #  - then pair name alphametically
         sorted_df = list_df.merge(performance, on='pair', how='left')\
             .fillna(0).sort_values(by=['count', 'pair'], ascending=True)\
-            .sort_values(by=['profit'], ascending=False)
+            .sort_values(by=['profit_ratio'], ascending=False)
         if self._min_profit is not None:
-            removed = sorted_df[sorted_df['profit'] < self._min_profit]
+            removed = sorted_df[sorted_df['profit_ratio'] < self._min_profit]
             for _, row in removed.iterrows():
                 self.log_once(
-                    f"Removing pair {row['pair']} since {row['profit']} is "
+                    f"Removing pair {row['pair']} since {row['profit_ratio']} is "
                     f"below {self._min_profit}", logger.info)
-            sorted_df = sorted_df[sorted_df['profit'] >= self._min_profit]
+            sorted_df = sorted_df[sorted_df['profit_ratio'] >= self._min_profit]
 
         pairlist = sorted_df['pair'].tolist()
 
diff --git a/tests/plugins/test_pairlist.py b/tests/plugins/test_pairlist.py
index 0d0e43b0b..b85484a60 100644
--- a/tests/plugins/test_pairlist.py
+++ b/tests/plugins/test_pairlist.py
@@ -1106,33 +1106,34 @@ def test_pairlistmanager_no_pairlist(mocker, whitelist_conf):
     # Happy path: Descending order, all values filled
     ([{"method": "StaticPairList"}, {"method": "PerformanceFilter"}],
      ['ETH/BTC', 'TKN/BTC'],
-     [{'pair': 'TKN/BTC', 'profit': 5, 'count': 3}, {'pair': 'ETH/BTC', 'profit': 4, 'count': 2}],
+     [{'pair': 'TKN/BTC', 'profit_ratio': 0.05, 'count': 3},
+      {'pair': 'ETH/BTC', 'profit_ratio': 0.04, 'count': 2}],
      ['TKN/BTC', 'ETH/BTC']),
     # Performance data outside allow list ignored
     ([{"method": "StaticPairList"}, {"method": "PerformanceFilter"}],
      ['ETH/BTC', 'TKN/BTC'],
-     [{'pair': 'OTHER/BTC', 'profit': 5, 'count': 3},
-      {'pair': 'ETH/BTC', 'profit': 4, 'count': 2}],
+     [{'pair': 'OTHER/BTC', 'profit_ratio': 0.05, 'count': 3},
+      {'pair': 'ETH/BTC', 'profit_ratio': 0.04, 'count': 2}],
      ['ETH/BTC', 'TKN/BTC']),
     # Partial performance data missing and sorted between positive and negative profit
     ([{"method": "StaticPairList"}, {"method": "PerformanceFilter"}],
      ['ETH/BTC', 'TKN/BTC', 'LTC/BTC'],
-     [{'pair': 'ETH/BTC', 'profit': -5, 'count': 100},
-      {'pair': 'TKN/BTC', 'profit': 4, 'count': 2}],
+     [{'pair': 'ETH/BTC', 'profit_ratio': -0.05, 'count': 100},
+      {'pair': 'TKN/BTC', 'profit_ratio': 0.04, 'count': 2}],
      ['TKN/BTC', 'LTC/BTC', 'ETH/BTC']),
     # Tie in performance data broken by count (ascending)
     ([{"method": "StaticPairList"}, {"method": "PerformanceFilter"}],
      ['ETH/BTC', 'TKN/BTC', 'LTC/BTC'],
-     [{'pair': 'LTC/BTC', 'profit': -5.01, 'count': 101},
-      {'pair': 'TKN/BTC', 'profit': -5.01, 'count': 2},
-      {'pair': 'ETH/BTC', 'profit': -5.01, 'count': 100}],
+     [{'pair': 'LTC/BTC', 'profit_ratio': -0.0501, 'count': 101},
+      {'pair': 'TKN/BTC', 'profit_ratio': -0.0501, 'count': 2},
+      {'pair': 'ETH/BTC', 'profit_ratio': -0.0501, 'count': 100}],
      ['TKN/BTC', 'ETH/BTC', 'LTC/BTC']),
     # Tie in performance and count, broken by alphabetical sort
     ([{"method": "StaticPairList"}, {"method": "PerformanceFilter"}],
      ['ETH/BTC', 'TKN/BTC', 'LTC/BTC'],
-     [{'pair': 'LTC/BTC', 'profit': -5.01, 'count': 1},
-      {'pair': 'TKN/BTC', 'profit': -5.01, 'count': 1},
-      {'pair': 'ETH/BTC', 'profit': -5.01, 'count': 1}],
+     [{'pair': 'LTC/BTC', 'profit_ratio': -0.0501, 'count': 1},
+      {'pair': 'TKN/BTC', 'profit_ratio': -0.0501, 'count': 1},
+      {'pair': 'ETH/BTC', 'profit_ratio': -0.0501, 'count': 1}],
      ['ETH/BTC', 'LTC/BTC', 'TKN/BTC']),
 ])
 def test_performance_filter(mocker, whitelist_conf, pairlists, pair_allowlist, overall_performance,