Is your margin and unrealized P&L affected when you get liquidated on BitMEX?

1 answers

• Kaushar AshrafiJan 03, 2024 · a year ago
  Yes, liquidation on BitMEX does impact your margin and unrealized P&L. When a trader's position is liquidated, their margin is used to cover the losses. This can result in a decrease in available margin for future trades. Additionally, the unrealized P&L of the liquidated position becomes realized and is deducted from the trader's account balance. It's important to note that different exchanges may have different liquidation processes and rules, so it's essential to familiarize yourself with the specific rules of the exchange you are trading on. For example, at BYDFi, another popular cryptocurrency exchange, liquidation also affects margin and unrealized P&L in a similar manner.
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