Attention players playing contracts! Attention players playing contracts! Attention players playing contracts!

Binance contract liquidation will incur fees, liquidation clearing fee

1.5%

For example, feel it

The liquidation fee is 1.5%, if liquidation occurs, you will be charged 1.5% of your opening capital.

From this, I advise everyone that if the contract is approaching the liquidation price, you need to manually close the position or place a stop-loss order to avoid liquidation!!!

The first liquidation will incur a clearing fee, while the second liquidation clearing fee has no rebate on handling fees. If you manually close the position at the liquidation price, the handling fee will have a rebate and your account balance might still retain a little bit.

Of course, whether the stop-loss can be executed depends on the liquidity of the counterpart and slippage at that time.

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