Q: What is the formula for calculating the forced liquidation price (how is the contract's forced liquidation price calculated)?
A: The forced liquidation price on TriiiX varies depending on the leverage used. The maintenance rate corresponds to each leverage. Currently, TriiiX offers leverage from 20x to 100x, depending on the trading pair.
For example, if the current position is a BTC/USDT perpetual [long/20x] position with a quantity of 0.1 BTC, an entry price of 19677.1 USDT, and a margin of 97.49 USDT, with a 15% maintenance rate at 20x leverage, the forced liquidation price for the long position is calculated as:
19677 - 97.49 * (1 - 15%) / 0.1 = 18848.335
When the mark price drops below 18848.335 USDT, the system will trigger forced liquidation.
Forced liquidation price calculation for a long position:
Entry price - margin * (1 - maintenance rate) / position quantity
Forced liquidation price calculation for a short position:
Entry price + margin * (1 - maintenance rate) / position quantity
Q: What factors influence the forced liquidation price?
A: TriiiX provides adjustments to the current position margin and settles funding fees for contracts every hour. Therefore, the following scenarios will affect the forced liquidation price:
- Adjustment of margin during the position (including increasing or decreasing the margin).
- Funding fee settlement during the position (including paying or receiving funding fees).
Q: What is forced liquidation, and when will it occur?
A: Forced liquidation is a market rule in contract trading. When the position margin is below the required maintenance rate, the system will enter the liquidation phase. TriiiX uses the mark price. If the mark price of a long position is below the forced liquidation price, or if the mark price of a short position is above the forced liquidation price, forced liquidation will be triggered.
Q: What happens during forced liquidation (the process of forced liquidation)?
A: During the contract trading liquidation phase, TriiiX will take over the current position and orders for the corresponding long or short direction. Any relevant liquidation orders in the current orders will be forcibly canceled.
Q: How is the forced liquidation fee calculated, and how is the negative balance automatically liquidated (when asset balance is below 0)?
A: TriiiX does not charge a forced liquidation fee. Therefore, in historical orders, forced liquidation orders will show a 0 fee. Also, the forced liquidation position will not show a negative balance, and the profit and loss from forced liquidation will not exceed the maximum negative value of that position's margin.
Q: What if the forced liquidation price is less than 0?
A: The forced liquidation price on TriiiX is calculated as follows:
For a long position:
Entry price - margin * (1 - maintenance rate) / position quantity
For a short position:
Entry price + margin * (1 - maintenance rate) / position quantity
Q: How is the margin ratio calculated in isolated margin mode and for bidirectional/single-direction positions?
A: TriiiX offers bidirectional positions, and the margin ratio is calculated based on the leverage setting.
Q: How can I avoid forced liquidation?
A: TriiiX provides stop-loss and take-profit settings for current positions, allowing you to set stop-loss according to your needs.