Liquidations
Liquidation Protocol
When the last price is less than or equal to the liquidation price of a certain position, a forced liquidation will occur. It is recommended that users pay close attention to the last price and the trend of forced liquidation price to avoid being forcibly liquidated.
Forced Liquidation Price = (Position Size * Open Price - Accumulated Funding Rate - Initial Margin * Liquidation. Lost Rate) / Position Size * Position Direction.
Position Size = Initial Margin * Leverage Multiple / Entry Price
If the position direction is LONG, the calculation of position direction will be 1, whereas if the position direction is SHORT, the calculation of position direction will be -1.
The liquidation rate is influenced by the selected symbol and leverage for positions. Kindly please check the liquidation rate on our website for selected symbol and leverage.
Risk Reminder:
Liquidation price may change when there are any changes in the Funding Rate.
We will adjust the liquidation rate based on market volatility and OI updates. Please pay attention to the updates and monitor the risk.
For example, the liquidation rate for BTCUSDTÐUSDT pair will be shown as:
75% liquidation rate for leverage between 1X and 200x.
70% liquidation rate for leverage between 201x and 500x.
65% liquidation rate for leverage between 501x and 1001X
The liquidation rate for EURUSDT pair is 60% for the leverage between 20x to 200x.
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