diff --git a/src/data/en/index.ts b/src/data/en/index.ts
index 6512c9e57b..3eb4d394de 100644
--- a/src/data/en/index.ts
+++ b/src/data/en/index.ts
@@ -875,6 +875,7 @@ export const loggedInData = {
             eG: 'e.g.',
             functions: 'Functions',
             displayAsBlock: 'Display as block',
+            closeMathFormulaEditor: "Close math formula editor",
           },
         },
         video: {
diff --git a/src/serlo-editor/editor-ui/editor-textarea.tsx b/src/serlo-editor/editor-ui/editor-textarea.tsx
index e9833a8584..242923b1fc 100644
--- a/src/serlo-editor/editor-ui/editor-textarea.tsx
+++ b/src/serlo-editor/editor-ui/editor-textarea.tsx
@@ -5,13 +5,14 @@ type EditorTextareaProps = TextareaHTMLAttributes<HTMLTextAreaElement> & {
   onMoveOutRight?(): void
   onMoveOutLeft?(): void
   className?: string
+  dataQa?: string
 }
 
 export const EditorTextarea = forwardRef<
   HTMLTextAreaElement,
   EditorTextareaProps
 >(function EditorTextarea(
-  { onMoveOutLeft, onMoveOutRight, className, ...props },
+  { onMoveOutLeft, onMoveOutRight, className, dataQa, ...props },
   ref
 ) {
   return (
@@ -22,6 +23,7 @@ export const EditorTextarea = forwardRef<
       )}
       {...props}
       ref={ref}
+      data-qa={dataQa}
       onKeyDown={(e) => {
         if (!ref || typeof ref === 'function' || !ref.current) return
 
diff --git a/src/serlo-editor/math/editor.tsx b/src/serlo-editor/math/editor.tsx
index 3df72a70ea..2eb2bcc8f1 100644
--- a/src/serlo-editor/math/editor.tsx
+++ b/src/serlo-editor/math/editor.tsx
@@ -1,9 +1,11 @@
 import { faCheckCircle, faCircle } from '@fortawesome/free-regular-svg-icons'
-import { faQuestionCircle } from '@fortawesome/free-solid-svg-icons'
+import { faQuestionCircle, faXmark } from '@fortawesome/free-solid-svg-icons'
 import clsx from 'clsx'
 import { useState, useCallback, createRef, useEffect } from 'react'
 import { createPortal } from 'react-dom'
+import { useHotkeys } from 'react-hotkeys-hook'
 import Modal from 'react-modal'
+import { Key } from 'ts-key-enum'
 
 import { MathRenderer } from './renderer'
 import { VisualEditor } from './visual-editor'
@@ -49,7 +51,7 @@ const MathEditorTextArea = (props: MathEditorTextAreaProps) => {
   return (
     <EditorTextarea
       className={tw`
-        !m-0.5 h-24 !w-[80vw] !max-w-[600px] rounded-md !border-2
+        mx-0 my-1 h-24 !w-[80vw] !max-w-[600px] rounded-md !border-2
         border-transparent text-black !shadow-none focus:border-editor-primary
       `}
       onChange={parentOnChange}
@@ -59,6 +61,7 @@ const MathEditorTextArea = (props: MathEditorTextAreaProps) => {
       onMoveOutLeft={props.onMoveOutLeft}
       value={latex}
       ref={textareaRef}
+      dataQa="plugin-math-latex-editor"
     />
   )
 }
@@ -74,8 +77,9 @@ export interface MathEditorProps {
   onEditorChange(visual: boolean): void
   onInlineChange?(inline: boolean): void
   onChange(state: string): void
-  onMoveOutRight?(): void
-  onMoveOutLeft?(): void
+  closeMathEditorOverlay: () => void
+  onMoveOutRight: () => void
+  onMoveOutLeft(): void
   onDeleteOutRight?(): void
   onDeleteOutLeft?(): void
 }
@@ -89,7 +93,18 @@ export function MathEditor(props: MathEditorProps) {
 
   const { visual, readOnly, state, disableBlock } = props
 
-  const useVisualEditor = visual && !hasError
+  useHotkeys(
+    Key.Escape,
+    (event) => {
+      event.preventDefault()
+      props.closeMathEditorOverlay()
+    },
+    {
+      enableOnFormTags: true,
+    }
+  )
+
+  const isVisualMode = visual && !hasError
 
   return (
     <>
@@ -173,7 +188,11 @@ export function MathEditor(props: MathEditorProps) {
       return state ? (
         <MathRenderer {...props} />
       ) : (
-        <span className="bg-gray-300" {...props.additionalContainerProps}>
+        <span
+          className="bg-gray-300"
+          {...props.additionalContainerProps}
+          data-qa="plugin-math-renderer"
+        >
           {mathStrings.formula}
         </span>
       )
@@ -181,7 +200,7 @@ export function MathEditor(props: MathEditorProps) {
 
     return (
       <>
-        {useVisualEditor ? (
+        {isVisualMode ? (
           <div
             onClick={(e) => e.stopPropagation()}
             ref={anchorRef}
@@ -221,7 +240,7 @@ export function MathEditor(props: MathEditorProps) {
                   px-1 py-[2px] text-base text-almost-black transition-all
                 hover:bg-editor-primary-200 focus:bg-editor-primary-200 focus:outline-none
                 `}
-              value={useVisualEditor ? 'visual' : 'latex'}
+              value={isVisualMode ? 'visual' : 'latex'}
               onChange={(e) => {
                 if (hasError) setHasError(false)
                 props.onEditorChange(e.target.value === 'visual')
@@ -241,7 +260,7 @@ export function MathEditor(props: MathEditorProps) {
                 <FaIcon icon={props.inline ? faCircle : faCheckCircle} />
               </button>
             )}
-            {useVisualEditor && (
+            {isVisualMode && (
               <button
                 onMouseDown={() => setHelpOpen(true)}
                 className="mx-2 text-almost-black hover:text-editor-primary"
@@ -252,7 +271,7 @@ export function MathEditor(props: MathEditorProps) {
           </div>
         )}
 
-        {hasError || !useVisualEditor ? renderOverlayPortal() : null}
+        {hasError || !isVisualMode ? renderOverlayPortal() : null}
       </>
     )
   }
@@ -267,19 +286,28 @@ export function MathEditor(props: MathEditorProps) {
   }
 
   function renderOverlayPortal() {
-    const children = (
+    return (
       <div
         className="fixed bottom-0 z-50 rounded-t-xl bg-editor-primary-100 p-3 shadow-menu"
         onClick={(e) => e.stopPropagation()} // double/triple clicks close overlay otherwise (#2700)
       >
-        <p className="mr-0.5 mt-1 text-right text-sm font-bold text-gray-600">
-          {hasError ? mathStrings.onlyLatex : mathStrings.latexEditorTitle}
-        </p>
-        {!useVisualEditor && (
+        <div className="flex items-center justify-between">
+          <p className="mr-0.5 mt-1 text-right text-sm font-bold text-gray-600">
+            {hasError ? mathStrings.onlyLatex : mathStrings.latexEditorTitle}
+          </p>
+          <button
+            onClick={props.closeMathEditorOverlay}
+            className="serlo-button-editor-secondary py-0"
+            aria-label={mathStrings.closeMathFormulaEditor}
+            data-qa="plugin-math-close-formula-editor"
+          >
+            <FaIcon icon={faXmark} />
+          </button>
+        </div>
+        {!isVisualMode && (
           <MathEditorTextArea {...props} defaultValue={state} />
         )}
       </div>
     )
-    return children
   }
 }
diff --git a/src/serlo-editor/math/renderer.tsx b/src/serlo-editor/math/renderer.tsx
index 793f08c9ff..4bca2b9dad 100644
--- a/src/serlo-editor/math/renderer.tsx
+++ b/src/serlo-editor/math/renderer.tsx
@@ -32,6 +32,7 @@ export const MathRenderer = React.memo(
               }
         }
         {...additionalContainerProps}
+        data-qa="plugin-math-renderer"
       />
     )
 
diff --git a/src/serlo-editor/plugins/equations/editor/inline-math.tsx b/src/serlo-editor/plugins/equations/editor/inline-math.tsx
index ee67b29990..3e475cab09 100644
--- a/src/serlo-editor/plugins/equations/editor/inline-math.tsx
+++ b/src/serlo-editor/plugins/equations/editor/inline-math.tsx
@@ -49,6 +49,7 @@ export function InlineMath(props: InlineMathProps) {
       onChange={onChange}
       onMoveOutRight={onFocusNext}
       onMoveOutLeft={onFocusPrevious}
+      closeMathEditorOverlay={onFocusNext}
     />
   )
 }
diff --git a/src/serlo-editor/plugins/text/components/math-element.tsx b/src/serlo-editor/plugins/text/components/math-element.tsx
index a4058654b0..5cbd200a0d 100644
--- a/src/serlo-editor/plugins/text/components/math-element.tsx
+++ b/src/serlo-editor/plugins/text/components/math-element.tsx
@@ -31,6 +31,7 @@ export function MathElement({
   const editor = useSlate()
   const selected = useSelected()
   const preferences = useContext(PreferenceContext)
+  const isVisualMode = !!preferences.getKey(visualEditorPreferenceKey)
 
   const isInsideListElement = useMemo(() => {
     return isElementWithinList(element, editor)
@@ -53,7 +54,38 @@ export function MathElement({
     )
   }
 
-  const isVisualMode = !!preferences.getKey(visualEditorPreferenceKey)
+  const VoidWrapper = element.inline ? 'span' : 'div'
+  return (
+    // Slate void elements need to set attributes and contentEditable={false}
+    // See: https://docs.slatejs.org/api/nodes/element#rendering-void-elements
+    <VoidWrapper {...attributes} tabIndex={-1} contentEditable={false}>
+      <MathEditor
+        autofocus
+        state={element.src}
+        inline={element.inline}
+        readOnly={false}
+        visual={isVisualMode}
+        disableBlock={isInsideListElement}
+        onInlineChange={handleInlineChange}
+        onChange={(src) => updateElement({ src })}
+        closeMathEditorOverlay={transformOutOfElement}
+        onMoveOutRight={transformOutOfElement}
+        onMoveOutLeft={() => {
+          transformOutOfElement({ reverse: true })
+        }}
+        onDeleteOutRight={() => {
+          transformOutOfElement({ shouldDelete: true })
+        }}
+        onDeleteOutLeft={() => {
+          transformOutOfElement({ shouldDelete: true, reverse: true })
+        }}
+        onEditorChange={(visual) =>
+          preferences.setKey(visualEditorPreferenceKey, visual)
+        }
+      />
+      {children}
+    </VoidWrapper>
+  )
 
   function updateElement(update: Partial<MathElementType>) {
     const path = ReactEditor.findPath(editor, element)
@@ -156,43 +188,10 @@ export function MathElement({
     const unit = 'character'
 
     Transforms.move(editor, { unit, reverse })
-
     if (shouldDelete) {
       Transforms.delete(editor, { unit, reverse })
     }
 
     ReactEditor.focus(editor)
   }
-
-  const VoidWrapper = element.inline ? 'span' : 'div'
-  return (
-    // Slate void elements need to set attributes and contentEditable={false}
-    // See: https://docs.slatejs.org/api/nodes/element#rendering-void-elements
-    <VoidWrapper {...attributes} tabIndex={-1} contentEditable={false}>
-      <MathEditor
-        autofocus
-        state={element.src}
-        inline={element.inline}
-        readOnly={false}
-        visual={isVisualMode}
-        disableBlock={isInsideListElement}
-        onInlineChange={handleInlineChange}
-        onChange={(src) => updateElement({ src })}
-        onMoveOutRight={transformOutOfElement}
-        onMoveOutLeft={() => {
-          transformOutOfElement({ reverse: true })
-        }}
-        onDeleteOutRight={() => {
-          transformOutOfElement({ shouldDelete: true })
-        }}
-        onDeleteOutLeft={() => {
-          transformOutOfElement({ shouldDelete: true, reverse: true })
-        }}
-        onEditorChange={(visual) =>
-          preferences.setKey(visualEditorPreferenceKey, visual)
-        }
-      />
-      {children}
-    </VoidWrapper>
-  )
 }