so like what's the deal with liquidating people who can 100% cover any loss
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Hi, I'd really love to hear about how FTX calculates leverage and margin and exit price and such.
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Saying that it's a display bug is not that helpful. If I have my position liquidated while my collateral is larger than my max loss at expiration, I will be quite upset, and I haven't heard anything that would indicate that's not possible.
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As an example, this subaccount has $0.845 and shorted 1 TRUMPFEB from $0.16.
If it had made the same trade in the spot market, it could never be liquidated, but FTX will liquidate it at 60 cents. Unfortunately the spot market has sad size and sad spreads, maybe because 1% fee :(
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The "long 1 trumpfeb" subaccount with $0.166 on hand isn't even allowed to buy 1 trumpfeb for $0.163 !
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So imo it doesn't seem like the rules FTX applies to futures markets is a great fit for instruments like TRUMPFEB, based on the combination of closing out short accounts that mathematically cannot go negative
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and not permitting long accounts to buy the size they can afford.
Thanks.
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Check your current account collateral -- I suspect, given the display, that it will be less than the max loss of $0.84 (maybe only very slightly less)
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Total collateral only displays 2 decimal places, it says $0.84.
Wallet says 0.83850000 USD.
Total deposits to subaccount = 0.845 USD
I'm short 1 TRUMPFEB at 0.158 USD and I crossed the spread to enter.
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yup, guessing that + fees are the difference, and it's the rounding issue -- if you deposit another $0.005 it'll probably work :P
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