Dear BingX users,
In the Perpetual Futures cross margin mode, both the "position margin" and the "available margin in the account" can be used as collateral for positions. However, "unrealized PnL" cannot be used as collateral for positions. The details are as follows:
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The position margin can only be used as collateral for its corresponding position.
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The available margin in the account can be used as collateral for all cross margin positions.
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The unrealized PnL of positions cannot be used as collateral.
Forced liquidation will be triggered when position margin + available margin in the account ≤ maintenance margin + taker fees.
Please click "Perpetual Futures | Forced Liquidation Rules" to see more detailed examples.
In this mode, the system will liquidate a user's position when the position margin and the available margin in the account drop below the sum of the maintenance margin and taker fee (other positions under the cross margin mode will not be liquidated). The user's maximum loss is the entire margin of that position and the available margin in the account.
BingX Operation Team
2023-02-17
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