Futures

Bitget Futures: Estimated liquidation price

2024-04-25 08:5801539

Explanation of the estimated liquidation price in Bitget Futures

1. Estimated liquidation price

Users can view the liquidation price on the order page and the position page to learn about the risks associated with opening or holding a position. The estimated liquidation price is a reference calculated based on current market and account conditions. The estimated liquidation price is a fluctuating value subject to market conditions, trades, and margin.

Bitget Futures: Estimated liquidation price image 0

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2. Estimated liquidation price calculation

2.1. Estimated liquidation price calculation formula (isolated margin)

Definitions:

IsolatedLiq: Estimated liquidation price under isolated margin mode.

IsolatedMargin: Isolated margin investment for the current trading pair.

OpenPrice: Entry price of the current trading pair.

OpenAmount: Position size of the current trading pair.

MMR: Maintenance margin rate of the current trading pair.

CoinMainIndexPrice: Index price of the corresponding Coin-M Futures trading pair. The value is 1 for USDT-M/USDC- m futures.

OpenDirection: Position direction of the current trading pair. The value is 1 for long positions and –1 for short positions.

TakerFeeRatio: Based on the fee at the time of the taker order.

The formula is:

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2.1. Estimated liquidation price calculation formula (cross margin)

The estimated liquidation price for cross margin mode differs for hedging mode and one-way mode. Their respective formulas are provided below. The difference in liquidation price formulas between one-way and hedging modes is due to their different methods of measuring risks.

2.2.1 Estimated liquidation price in hedging mode

Definitions:

CrossLiq: Estimated liquidation price under cross margin mode.

AccountAsset: Account assets.

IsolatedAllMargin: Margin used by all isolated margin positions.

IsolatedAllCoinUnrealizedPnl: Unrealized PnL of all isolated margin positions.

CrossAllCoinUnrealizedPnl: Unrealized PnL of all cross margin positions

CrossOtherUnrealizedCoinPnl: Unrealized PnL of cross margin positions (excluding the current trading pair).

OpenLongPrice: Entry price of the current trading pair when going long.

OpenShortPrice: Entry price of the current trading pair when going short.

OpenLongAmount: Position size of the current trading pair when going long.

OpenShortAmount: Position size of the current trading pair when going short.

OrderTotalMarketCap: Value of all open orders for the current trading pair. The value of a single order is: quantity × order price.

MMR: Maintenance margin rate of the current trading pair.

CoinMainIndexPrice: Index price of the corresponding Coin-M Futures trading pair. The value is 1 for USDT-M/USDC-M Futures.

TakerFeeRatio: Based on the fee at the time of the taker order.

The formula is:

2.2.2 Estimated liquidation price in one-way mode

Definitions:

CrossLiq: Estimated liquidation price under cross margin mode.

AccountAsset: Account assets.

IsolatedAllMargin: Margin used by all isolated margin positions.

IsolatedOrderAllMargin: Margin used by all isolated margin open orders.

IsolatedAllCoinUnrealizedPnl: Unrealized PnL of all isolated margin positions.

CrossAllCoinUnrealizedPnl: Unrealized PnL of all cross margin positions

CrossOtherUnrealizedCoinPnl: Unrealized PnL of cross margin positions (excluding the current trading pair).

OpenAmount: Position size of the current trading pair.

OpenDirection: Position direction of the current trading pair. The value is 1 for long positions and –1 for short positions.

LastMarkPrice: M ark price of the current trading pair.

MMR: Maintenance margin rate of the current trading pair.

CrossAllMM: Current maintenance margin of all trading pairs under cross margin mode. The maintenance margin of a single trading pair is (the sum of the position value of a single trading pair and the value of open orders) × MMR.

CoinMainIndexPrice: Index price of the corresponding Coin-M Futures trading pair. The value is 1 for USDT-M/USDC-M Futures.

TakerFeeRatio: Based on the fee at the time of the taker order.

The formula is: