BVOX Futures: Estimated Liquidation Price

Dear BVOX users,

The following text is about Estimated Liquidation Price

When the futures price reaches a certain valueand the unrealized profit and loss reaches a certain level, the margin rate reaches the minimum maintenance margin rate, the maintenance margin rate is equal to the minimum maintenance margin rate, and the price is called the estimated liquidation price.

Liquidation Price (isolated margin mode, users can manually add margin)
Liquidation Price = (Position Margin – Position Direction * Average opening price * Contract Multiplier * Position cont size) / (Maintenance Margin Rate * Position cont size * Contract Multiplier - Position Direction * Position cont size * Contract Multiplier)

*In isolated margin mode, users can manually increase the margin of the position to widen the gap it has from the opening price. This will give them a better liquidation price. Hence, users can manually increase the margin to lower the risk of the position when the margin ratio is high.

Liquidation Price (cross margin mode) 
Forced Liquidation Price (cross margin mode)= (Wallet Balance Cross - TMM1 +UPNL1 - Long Position Cont Size * Contract Multiplier* Long Average opening price + Short Position Cont Size * Contract Multiplier* Short Average opening price ) / ( Long Position Cont Size * Contract Multiplier *Long MMR+ Short Position Cont Size * Contract Multiplier * Short MMR- Long Position Cont Size * Contract Multiplier + Short Position Cont Size * Contract Multiplier)

TMM1: Maintenance Margin of all other contracts, excluding Contract 1 (where contract 1 is the specific symbol for which the liquidation price is being calculated).
UPNL1: Unrealized PNL of all other contracts, excluding Contract 1

Margin rate

USDT-margined Futures margin rate

= (Position margin + unrealized profit and loss) / position value

= (Position margin + unrealized profit and loss) /(face value * number of position futures * latest marked price)

Maintenance margin rate

In order to prevent an impact on market liquidity when large positions are liquidated, BVOX's futures implement a positiontier maintenance margin rate system. That is, the larger the user's position is, the higher the minimum maintenance margin rate is, and the lower the maximum leverage that the user can select.

In the isolated margin mode,the number of position futures in eachdirection, position tier and the minimum maintenance margin rate required for the position are calculated separately,

You can view the position information on thetrading interface of each future.

BVOX Team

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