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 current system’s Liquidation Lost Rate is 75% for BTCUSDT and ETHUSDT。 Note: Liquidation price may change when there are any changes in the Funding Rate