Attention to contract players! 📢📢📢
Attention to contract players! 📢📢📢
Attention to contract players! 📢📢📢
Binance contract liquidation requires a fee, liquidation fee 1.5%
For example
The liquidation fee is 1.5%, if you open 49 times, it is 1.5% x 49 = 73.5%, if liquidation, you will be charged 73.5% of your opening principal
This is a warning to everyone that if the contract is about to reach the liquidation price, you need to manually close the position or entrust a stop loss
Don't liquidate! ! !
First, liquidation fees will be charged for liquidation. Second, there is no commission for liquidation fees. If you manually close the position at the liquidation price, there will be a commission for the fees and there will be a little bit of sesame left in the account.
Of course, whether the stop loss can be executed depends on the liquidity counterparty and slippage at the time.
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