How to Read Futures Prices in Dollars
Below is the liquidation price formula for USDⓈ-Chiliad futures contracts under the cross margin style:
where
| WB | Wallet Remainder |
| TMM1 | Maintenance Margin of all other contracts, excluding Contract i If it is an isolated margin manner, then TMM=0，UPNL=0 |
| UPNL1 | Unrealized PNL of all other contracts, excluding Contract one If it is an isolated margin manner, and so UPNL=0 |
| cumB | Maintenance Amount of BOTH position (1-way way) |
| cumL | Maintenance corporeality of LONG position (hedge fashion) |
| cumS | Maintenance corporeality of SHORT position (hedge mode) |
| Side1BOTH | Management of BOTH position, 1 every bit long position, -ane as brusk position |
| Position1BOTH | Absolute value of BOTH position size (one-way mode) |
| EP1BOTH | Entry Price of BOTH position (one-way manner) |
| Position1LONG | Absolute value of LONG position size (hedge mode) |
| EP1LONG | Entry Toll of LONG position (hedge mode) |
| Position1SHORT | Absolute value of SHORT position size (hedge mode) |
| EP1SHORT | Entry Price of SHORT position (hedge mode) |
| MMR B | Maintenance margin rate of BOTH position (ane-way manner) |
| MMR L | Maintenance margin rate of LONG position (hedge mode) |
| MMR S | Maintenance margin rate of SHORT position (hedge mode) |
Notes:
- In Cross margin way, WB is crossWalletBalance
- In Isolated margin mode, WB is isolatedWalletBalance of the isolated position, TMM=0, UPNL=0, substitute the position quantity, MMR, cum into the formula to calculate.
- Under the cross margin way, the same ticker/symbol, both long and curt position share the same liquidation cost except in the isolated style. Under the isolated fashion, each isolated position will have different liquidation prices depending on the margin allocated to the positions.
- If the liquidation cost is less than 0, the UI brandish would be "--"
Maintenance Margin Rate
You can find the "Maintenance Margin Rate" from the table below with the position value in USDT.
For case, if the position size of a USDT-margined BTCUSDT contract is 264,000 USDT, and then the maintenance margin charge per unit would be ane% (or 0.01).
Note:
If your position (calculated at the liquidation price) and the current position (calculated at the opening cost) are of dissimilar levels, and then you must substitute (i.e. to calculate at the liquidation price) the maintenance margin rate and the maintenance margin amount of the position level, to recalculate the liquidation price.
Maintenance Amount
You lot can find the "Maintenance Amount" from the table below with the position value in USDT. For example, if the position size of a USDT-margined BTC/USDT Contract is 500,000 USDT, then the maintenance amount would be 1,300 USDT.
Maintenance Amount formula
= [ Floor of Position Bracket on Level n * divergence between Maintenance Margin Rate on Level north and Maintenance Margin Rate on Level n-ane) ] + Maintenance Amount on Level due north-1
For instance, the Maintenance Amount on Level 3
= 250,000 * (1% - 0.5%) + fifty USDT
= 1,300 USDT
125x USDT-Margined Perpetual Contract (BTCUSDT) | |||
| Level | Position Bracket (Notional Value in USDT) | Maintenance Margin Rate | Maintenance Amount (USDT) |
| one | Starting time 50,000 | 0.4% | 0 |
| ii | 50,000 - 250,000 | 0.5% | fifty |
| 3 | 250,000 - 1,000,000 | 1.0% | one,300 |
| iv | 1,000,000 - 5,000,000 | ii.5% | 16,300 |
| 5 | v,000,000 - 20,000,000 | 5.0% | 141,300 |
| 6 | 20,000,000 - 50,000,000 | x.0% | 1,141,300 |
| 7 | l,000,000 - 100,000,000 | 12.5% | 2,391,300 |
| 8 | 100,000,000 - 200,000,000 | 15.0% | iv,891,300 |
| ix | Greater than 200,000,000 | 25.0% | 24,891,300 |
100x USDT-Margined Perpetual Contract (ETHUSDT) | |||
| Level | Position Bracket (Notional Value in USDT) | Maintenance Margin Rate | Maintenance Amount (USDT) |
| i | Starting time 10,000 | 0.five% | 0 |
| ii | x,000 - 100,000 | 0.65% | xv |
| three | 100,000 - 500,000 | 1.0% | 365 |
| iv | 500,000 - 1,000,000 | 2.0% | v,365 |
| five | one,000,000 - 2,000,000 | v.0% | 35,365 |
| vi | 2,000,000 - five,000,000 | 10.0% | 135,365 |
| 7 | v,000,000 - 10,000,000 | 12.five% | 260,365 |
| 8 | 10,000,000 - 20,000,000 | 15.0% | 510,365 |
| 9 | Greater than 20,000,000 | 25.0% | 2,510,365 |
75x USDT-Margined Perpetual Contract | |||
| Level | Position Bracket (Notional Value in USDT) | Maintenance Margin Rate | Maintenance Amount (USDT) |
| 1 | Start 10,000 | 0.65% | 0 |
| 2 | 10,000 - 50,000 | 1.00% | 35 |
| 3 | 50,000 - 250,000 | 2.00% | 535 |
| four | 250,000 - one,000,000 | v.00% | 8,035 |
| 5 | ane,000,000 - two,000,000 | x.00% | 58,035 |
| half-dozen | 2,000,000 - 5,000,000 | 12.50% | 108,035 |
| 7 | five,000,000 - x,000,000 | fifteen.00% | 233,035 |
| 8 | Greater x,000,000 | 25.00% | 1,233,035 |
75x USDT-Margined Perpetual Contract:
* ADAUSDT, BNBUSDT, DOTUSDT, EOSUSDT, ETCUSDT, LINKUSDT, LTCUSDT, TRXUSDT, XLMUSDT, XMRUSDT, XRPUSDT, XTZUSDT, BCHUSDT
50x USDT-Margined Perpetual Contract | |||
| Level | Position Subclass (Notional Value in USDT) | Maintenance Margin Rate | Maintenance Amount (USDT) |
| 1 | Outset 5,000 | one.0% | 0 |
| 2 | 5,000 - 25,000 | 2.5% | 75 |
| 3 | 25,000 - 100,000 | 5.0% | 700 |
| 4 | 100,000 - 250,000 | x.0% | five,700 |
| five | 250,000 - 1,000,000 | 12.5% | 11,950 |
| half-dozen | Greater i,000,000 | 50.0% | 386,950 |
Example: Calculating Liquidation Toll in One-mode & Cross Margin style
(WB) Wallet Balance = i,535,443.01
| Positions | Size | Entry Price | Mark Price | Liquidation Cost | PNL |
| ETHUSDT Perpetual | three,683.979 ETH | ane,456.84 | 1,335.18 | 1153.26 | -448,192.89 |
| BTCUSDT Perpetual | 109.488 BTC | 32,481.98 | 31,967.27 | 26,316.89 | -56,354.57 |
You may notice your maintenance margin rates and amounts through the tables above, every bit highlighted in the post-obit image.
For ETHUSDT:
Taking into business relationship that Maintenance margin = Notional value * Maintenance Margin rate-cum
Notional Value = Price * Size
Maintenance Margin of ETHUSDT = 356,512.508 (4918775.081 * x.00% - 135365).
(WB) Wallet Balance = one,535,443.01
(TMM1) Maintenance Margin of all other contracts, excluding Contract 1 = 71200.81144
(UPNL1) Unrealized PNL of all other contracts, excluding Contract 1 = -56,354.57
(cumB) Maintenance Amount of BOTH position (one-way manner) = 135,365.00
(cumL) Maintenance amount of LONG position (hedge mode) = 0
(cumS) Maintenance amount of Brusk position (hedge fashion) = 0
(Side1BOTH) Management of BOTH position, 1 as long position, -1 equally short position = 1
(Position1BOTH) Absolute value of BOTH position size (ane-mode mode) = 3,683.979
(EP1BOTH) Entry Toll of BOTH position (1-way mode) =1,456.84
(Position1LONG) Absolute value of LONG position size (hedge mode) = 0
(EP1LONG) Entry Price of LONG position (hedge mode) = 0
(Position1SHORT) Accented value of Brusk position size (hedge manner) = 0
(EP1SHORT) Entry Toll of Brusque position (hedge way) = 0
(MMRB) Maintenance margin charge per unit of BOTH position (one-way style) = 10%
(MMRL) Maintenance margin rate of LONG position (hedge mode) = 0
(MMRS) Maintenance margin rate of Short position (hedge manner) = 0
For BTCUSDT:
Taking into account that Maintenance margin=Notional value*Maintenance Margin rate-cum
Notional Value = Toll * Size
Maintenance Margin of BTCUSDT = 71200.81144 (3500032.458 * 2.50%% - 16300).
(WB) Wallet Residual = 1,535,443.01
(TMM1) Maintenance Margin of all other contracts, excluding Contract 1 = 356,512.508
(UPNL1) Unrealized PNL of all other contracts, excluding Contract 1 = -448,192.89
(cumB) Maintenance Amount of BOTH position (one-manner manner) = xvi,300.000
(cumL) Maintenance amount of LONG position (hedge mode) = 0.
(cumS) Maintenance corporeality of SHORT position (hedge fashion) = 0
(Side1BOTH) Management of BOTH position, 1 as long position, -1 as short position = 1
(Position1BOTH) Accented value of BOTH position size (ane-manner fashion) = 109.488
(EP1BOTH) Entry Price of BOTH position (one-way fashion) =32,481.980
(Position1LONG) Absolute value of LONG position size (hedge way) = 0
(EP1LONG) Entry Price of LONG position (hedge style) = 0
(Position1SHORT) Absolute value of SHORT position size (hedge mode) = 0
(EP1SHORT) Entry Toll of SHORT position (hedge fashion) = 0
(MMRB) Maintenance margin rate of BOTH position (one-way manner) = ii.50%
(MMRL) Maintenance margin charge per unit of LONG position (hedge mode) = 0
(MMRS) Maintenance margin rate of SHORT position (hedge mode) = 0
Liquidation Toll Formula:
With this data and by inputting the appropriate information in the formula we can meet that the Liquidation Price for the ETHUSDT contract = 1153.26 and for BTCUSDT =26,316.89
Please note that at that place may be a slight variation due to decimals.
How to Read Futures Prices in Dollars
Source: https://www.binance.com/en/support/faq/b3c689c1f50a44cabb3a84e663b81d93
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