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Crypto Derivatives
Futures Contracts
USDT-Ⓜ Futures Contracts
How to Calculate Liquidation Price of USDT-Ⓜ Futures Contracts
Binance
2020-08-14 02:14
Below is the liquidation price formula for USDT-Ⓜ futures contract (LP1) under cross margin mode:
where
WB Wallet Balance
TMM1
Maintenance Margin of all other contracts, excluding Contract 1
If it is an isolated margin mode, then TMM=0,UPNL=0
UPNL1
Unrealized PNL of all other contracts, excluding Contract 1
If it is an isolated margin mode, then UPNL=0
cumB Maintenance Amount of BOTH position (one-way mode)
cumL Maintenance amount of LONG position (hedge mode)
cumS Maintenance amount of SHORT position (hedge mode)
Side1BOTH Direction of BOTH position, 1 as long position, -1 as short position
Position1BOTH Absolute value of BOTH position size (one-way mode)
EP1BOTHEntry Price of BOTH position (one-way mode)
Position1LONGAbsolute value of LONG position size (hedge mode)
EP1LONGEntry Price of LONG position (hedge mode)
Position1SHORT Absolute value of SHORT position size (hedge mode)
EP1SHORTEntry Price of SHORT position (hedge mode)
MMBMaintenance margin rate of BOTH position (one-way mode)
MMLMaintenance margin rate of LONG position (hedge mode)
MMSMaintenance margin rate of SHORT position (hedge mode)
Further details:
About Maintenace Amount
You can find the “Maintenance Amount” from the table below with the position value in USDT. For example, if the position of USDT-margined BTC/USDT Contract is 500,000 USDT, then the maintenance amount would be 1,300 USDT.
Maintenance Amount formula
= [ Floor of Position Bracket on Level n * difference between Maintenance Margin Rate on Level n and Maintenance Margin Rate on Level n-1) ] + Maintenance Amount on Level n-1
For example, the Maintenance Amount on Level 5
= 250,000 * (1% - 0.5%) + 50 USDT
= 1,300 USDT
Note:
  • Under cross margin, same ticker/symbol, both long and short position share the same liquidation price except isolated mode
  • If the liquidation price is less than 0, the UI display would be “--”

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Contract Specifications of USDT Futures Contracts