Liquidation Price of USDⓈ-M Futures Contracts

The following is the formula for calculating the liquidation price of USDⓈ-M futures contracts under the cross-margin mode:

Margin ratio = (WB + PL-Occupation of other registered funds) / (PV * (MMR + CFR))

Once the margin ratio reaches 1, the position will be cleared. Here are some important notes to keep in mind:

  • In cross-margin mode, WB refers to the crossWalletBalance.

  • Under the cross-margin mode, both long and short positions for the same ticker/symbol share the same liquidation price, except in isolated mode. In isolated mode, each position will have a different liquidation price based on the margin allocated to the positions.

  • If the calculated liquidation price is less than 0, the UI will display "--".

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