OT
Search
K

Liquidation

OT uses Mark Price(Oracle price) as benchmark for liquidation and profit calculation.
A position is liquidated when its margin rate is equal to maintenance margin rate.
(IMR)Initial Margin Rate = 1/leverage * 100%
Margin rate = (Margin + PnL ± fundingFee) / Position notional value
= (Margin + PnL ± fundingFee) / (Position size(coin) * mark price)
(MMR)Maintenance Margin Rate = if (IMR/2 > allowMaxMmr) {allowMaxMmr}
if(IMR/2 < allowMinMmr,){allowMinMmr}
else {IMR/2}
IMR and MMR are recalculated when extra margin is added or removed from a position.
Index token
allowMaxMmr
allowMinMmr
BTC
1.3%
0.8%
ETH
1.3%
0.9%
USDT
0.9%
0.5%
Cheems
6%
3%
MAV(Maverick Protocol)
2%
1.5%
VELA
2%
1.5%
ARKM
2%
1.5%
OT
2%
1.5%
BNB
1.6%
1.2%
Matic
3%
1.5%
Arbi
1.6%
1.2%
ZKS
1.5%
0.9%
Doge
2%
1.2%
APT
1.9%
1.2%
Sui
1.8%
1.2%
USDC
1%
0.5%
USDT
1%
0.5%