It can be seen that the liquidation fee is much higher than the trading fee. It is recommended that you strictly control your position risk, close the position voluntarily, and try to avoid liquidation.<\/p>\n\n\n\n
<\/p>The fee ratios in the document may not be the latest data. Please refer to the APP for the latest data:
Liquidation fee ratio: Markets \u2192 Futures \u2192 BTCUSDT \u2192 Information \u2192 Leverage & Margin \u2192 Liquidation Fee Ratio.
Trading fee ratio: Account \u2192 Settings \u2192 Account \u2192 VIP level.<\/cite><\/blockquote>\n\n\n\nLiq. Price (Liquidation Price)<\/h2>\n\n\n\n
You can also refer to the Liq. Price to judge liquidation. The closer the Mark Price is to the Liq. Price, the closer the position is to being liquidated.<\/p>\n\n\n\n
Exchange of funding fees, opening or closing of positions, transferring assets, and increasing or decreasing margin can all lead to changes of the Est. Liq. Price, please pay attention.<\/p>\n\n\n\n
<\/p>We will notify you of Margin Call (when the Margin Rate \u2265 80%) and Liquidation (when the Margin Rate \u2265 100%) through mobile app notifications, message center, email, and SMS. This notification serves as a risk warning, and we cannot guarantee timely delivery. In some cases during your use of the service (including due to network congestion or poor network environment), you may not receive or may experience delayed notification. Picol reserves the right to send notifications, but has no obligation to do so.
<\/cite><\/blockquote>\n\n\n\nLiquidation Process<\/h2>\n\n\n\n
When the maintenance margin rate is \u2265 100%, liquidation will be triggered.<\/p>\n\n\n\n
When the notional value level of the position is in the second tier or higher, partial liquidation will be attempted to try to reduce the maintenance margin rate and avoid full liquidation of the position.<\/p>\n\n\n\n
You can view the notional value level of the position on the \u201cLeverage & Margin\u201d page in the contract information, as shown in the figure:<\/p>\n\n\n\n![\"\"](\"https:\/\/blog.picol.com\/wp-content\/uploads\/2024\/11\/liquidation-information.png\")
<\/figure>\n\n\n\nIn isolated margin mode<\/h2>\n\n\n\n
If the notional value level of the position is in the second tier or higher:<\/strong><\/p>\n\n\n\n- Attempt partial liquidation: the system submits a batch of closing orders, and the total value of the orders is the amount of positions needed to be closed to achieve \u201cmargin rate < 100%\u201d. If the margin rate is < 100% after that, the liquidation will stop.<\/li>
- If the margin rate is still \u2265 100% after that, the position will be taken over by the liquidation engine at the current mark price, and all contract orders for the trading pair will be canceled.<\/li><\/ol>\n\n\n\n
If the notional value level of the position is in the first tier:<\/strong><\/p>\n\n\n\n- The position will be taken over by the forced liquidation engine at the current mark price, and all contract orders for the currency pair will be canceled.<\/li><\/ul>\n\n\n\n
In cross margin mode<\/h2>\n\n\n\n
First, attempt to reduce the margin rate by canceling orders or closing positions of the same trading pair:<\/strong><\/p>\n\n\n\n- Cancel all contract orders to release the margin. If the margin rate is < 100%, the liquidation will stop.<\/li>
- The long and short positions of the same trading pair are closed to offset with each other. If the margin rate is < 100%, the forced liquidation will stop.<\/li>
- If the margin rate is still \u2265 100% at this time, partial liquidation will be attempted.<\/li><\/ol>\n\n\n\n
If there are positions with a notional value level in the second tier or higher:<\/strong><\/p>\n\n\n\n- Attempt partial liquidation, order the positions by notional value level from high to low, and prioritize closing positions with higher notional value levels: the system submits a batch of closing orders, and the total value of the orders is the amount of positions needed to be closed to achieve \u201cmargin rate < 100%\u201d. If the margin rate is < 100% after that, the liquidation will stop.<\/li>
- If the margin rate is still \u2265 100% after that, all positions will be taken over by the liquidation engine at the current mark price.<\/li><\/ol>\n\n\n\n
If the notional value level of the position is in the first tier:<\/strong><\/p>\n\n\n\n- All positions will be taken over by the forced liquidation engine at the current mark price.<\/li><\/ul>\n\n\n\n
Note: The execution price of the takeover order will not be displayed on the K-line.<\/p>\n\n\n\n
Insurance Fund<\/h2>\n\n\n\n
After the account positions have been taken over at the mark price, if the remaining funds are negative, which means you are unable to pay the opponent\u2019s profit, the Insurance Fund will make up for this loss to ensure that the opponent can receive all the profits and return your remaining funds to 0.<\/p>\n\n\n\n
The sources of the Insurance Fund are:<\/p>\n\n\n\n
- The initial funds provided by Picol.<\/li>
- All liquidation fees.<\/li><\/ol>\n\n\n\n
Disclaimer: The numbers in this article may not be the latest and are subject to change without notice.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"When the Margin Rate is \u2265 100% (i.e., margin + unrealiz …<\/p>\n
Liquidation<\/span> \u67e5\u770b\u5168\u6587 »<\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":""},"categories":[40],"tags":[],"_links":{"self":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts\/4598"}],"collection":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/comments?post=4598"}],"version-history":[{"count":7,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts\/4598\/revisions"}],"predecessor-version":[{"id":4626,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/posts\/4598\/revisions\/4626"}],"wp:attachment":[{"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/media?parent=4598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/categories?post=4598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.picol.com\/blog\/wp-json\/wp\/v2\/tags?post=4598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}