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BrightAsClouds

The average price of the contract I made was more than 0.054, and 0.06 forced me to close the position. I was deducted more than 50 U. Why did I deduct more than 300 u? When the customer service came out to solve it, the manual did not reply. Is this your attitude?

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BraveBoboEatBigCake
· 2023-06-25 19:02
Don't play this kind of currency with no pattern
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Yunxi
· 2023-06-25 18:53
Dear user, in contract trading, the forced liquidation is judged by the marked price. The forced liquidation price = (average opening price ± margin / contract multiplier / position) / [1 ± (maintenance margin ratio + Taker rate) )], the loss after the forced liquidation is the entire margin of your position. When the forced liquidation occurs, if the actual average transaction price is higher than the bankruptcy price, then the remaining amount (that is, the part with less loss) will be added to the insurance fund. If the forced liquidation order is still not digested by the market after the mark price breaks through the bankruptcy price, the insurance fund will be used to digest the forced liquidation order. This is an explanation of the common problems of forced liquidation. You can refer to https://www.gate. ac/en/help/futures/questions/28512/faq-about-liquidation
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KevinPercent
· 2023-06-25 18:52
They liquidated us at 0.7 spot, damn it
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