Liquidation
A trade position is subject for liquidation when its net PnL (= collateral + PnL - fees) drops below a liquidation threshold factor of the 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 close to -90%, it is very likely that liquidation will occur.
Liquidation Price
The liquidation price of a position may be changed over time as funding fee accumulate to the position's value.
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.
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