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 Rate = Adjusted equity / (Maintenance margin + Fee of close position + Fee of working order)

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

• In cross-margin mode, Adjusted Equity = Currency balance * Price * Conversion rate - Liabilities * Price - Estimated transaction fee for working orders + Position profit and loss * Conversion rate - Working order loss.

  Maintenance Margin = sum(Maintenance margin of working order) + sum(Maintenance margin of current position) + sum(Maintenance margin of liabilities).

• 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 "--".