Dear WEEXers,
The following text is about estimated liquidation price.
When the futures price reaches a certain value and the unrealized profit and loss reaches a certain level, the margin rate reaches the minimum maintenance margin rate. At this point, the maintenance margin rate equals the minimum maintenance margin rate, and this price is known as the estimated liquidation price.
Margin rate
USDT-margined futures margin rate
= (position margin + unrealized profit and loss) ÷ position value
= (position margin + unrealized profit and loss) ÷ (face value x number of position futures x the latest mark price)
Maintenance margin rate
To mitigate the impact on market liquidity when large positions are liquidated, WEEX futures implement a tiered maintenance margin rate system. In other words, the larger the user’s position, the higher the minimum maintenance margin rate, and the lower the maximum leverage the user can select.
In isolated margin mode, the number of position futures in each direction, the position tier, and the required minimum maintenance margin rate for the position are calculated separately.
You can view position information on the trading interface for each futures contract.
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