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PerpetualsLiquidation

Liquidation

All open positions are subject to liquidation when the position’s equity value (collateral + PnL - fees) drops below 10% of the initial collateral size.

Liquidation Threshold Factor

The liquidation threshold factor is currently set to 10% for all pairs. This means that if the net PnL (PnL - fees) of your position is below -90%, the position is subject to being liquidated.

Liquidation Price

The liquidation price of a position may be changed over time as funding fee accumulate to the position’s value.

LiqPrice=EntryPrice×[1−CollateralSize×LiquidationThresholdFactor−ExitFee−FundingFeesPositionSize]\textit{LiqPrice} = \textit{EntryPrice} \times \left[ 1 - \frac{\textit{CollateralSize} \times \textit{LiquidationThresholdFactor} - \textit{ExitFee} - \textit{FundingFees}}{\textit{PositionSize}} \right]

Where,
ExitFee - is the amount of maker or taker fee that is proportional to the position size.
FundingFees - is the amount of cumulative funding fee of the position.

Fees & Price ImpactPrice Feed