Answer
There is no liquidation like in the future market because future market is already terminated in Pionex. If you refer to liquidation on Spot-Future Arbitrage bot, if liquidation hit, your position will be Auto deleveraged and some of spot profit will be used to cover the future position. But you wont have your fund gone, the bot will auto rebalance your position. You will have around 99% of your fund minus a bit auto deleverage fee (<1% usually around 0.01% depend on situation and size).
