Liquidation
Liquidation, also known as forced closure, is a protective mechanism triggered when the value of a user's position in a particular currency falls below the minimum maintenance margin.Basic Fields and Their Meanings
Name
Meanings
Maintenance Margin
In an account's particular currency assets, this is the amount of margin for the current perpetual contract positions. There is generally a minimum requirement for the maintenance margin. If it falls below this minimum, it triggers a forced liquidation.
Margin Ratio
Margin Ratio = (Initial Margin + Unrealized Profit/Loss in the Position) / (Maintenance Margin Required for the Position Size + Liquidation Fees). The platform's current minimum margin ratio is 0.50%.
Minimum Maintenance Margin = Position Size * Mark Price * Maintenance Margin Ratio + Estimated Liquidation Fees.
The typical maintenance margin ratio is usually around 0.50%.
After liquidation of a specific currency, the balance in the user's Exchange Wallet and other positions will not be affected.
Case
Long/Short
Long
Margin（$）
1,000.00
Entry Price （$）
42,704.00
Leverage
5.00 x
Size
0.117
Mark Price（$）
41382.19
MaintenanceMarginRatio
0.50%
TradingFeeRate
0.08%
Est. Liq. Price（$）
34,356.26
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