According to Binance's update on August 12, 2024, the liquidation fees for Binance contracts are as follows:

• Cross Margin Mode: In the regular cross margin mode, the liquidation fee is 2% of the liquidated asset; in the professional cross margin mode, the liquidation fee is 3% of the liquidated asset.

• Isolated Margin Mode: The liquidation fee is 2% of the liquidated asset. #爆仓了