Update of Perpetual Futures Forced Liquidation Rules on 2023-04-17
2023-03-31 17:17
Dear Users,
BingX will upgrade forced liquidation rules for Pepertual Futures, which is expected to be completed on 2023-04-17. After the upgrade, it will support "Hedge Mode", “position opening with floating PnL" and more.
Please note that all open orders or new orders in the Perpetual Futures will be subject to the latest forced liquidation rules after the upgrade. The actual upgrade competition time shall prevail and there will be further notice via Message Center and email notification.
Here is a comparison between the previous and the new rules. Please read it carefully as the forced liquidation rules are highly relevant to your trading.
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Before Upgrade
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After Upgrade
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Effective time
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Before 2023-04-17
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After 2023-04-17
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Liquidation trigger
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Depends on the Bankruptcy Price:
Auto-deleveraging or forced liquidation will be triggered when the mark price reaches the bankruptcy price.
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Depends on the Risk:
Auto-deleveraging or forced liquidation will be triggered when the position risk is ≥ 100%.
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Can floating PnL be shared across positions
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❌
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✅ In cross margin mode, the unrealized profit of position A can offset the unrealized loss of position B
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Does it support Hedge Mode
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❌
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✅ In cross margin mode, users can go long and short on the same contract at the same time so that loss can be hedged.
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Does it support position opening with floating PnL
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❌
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✅ In cross margin mode, unrealized profits can be used as margin to open positions so that the profit can be amplified when users grasp the trend.
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Learn More:
