What happens if you get liquidated? Do you have to pay the loan back? Can you get an example?

Answer

If your position for margin is liquidated, it is forced to close the position to pay the loan back. You wont get charged more than your initial margin, means you wont be in debt for using the margin.

Related posts:

  1. Why is that short positions ca be liquidated but long positions are never liquidated
  2. On spot future arbitrage…If the future market got liquidated… What's gonna happen with the bot? Is it automatically off or I've got to pay the liquidation fee?
  3. What happen if I run arbitrage bot(withSAFU) … and then price suddenly rise up quick , then the position get liquidated… does SAFU pay full amount ?
  4. How can we profit on a downtrend with margin grid bot with loan token feature?
  5. I need an explanation: if I use Margin Grid ( loan btc earn Usd when btc goes down… just an example) and I will open a position (i mean grid bot ) 250 LEVERAGE 3X how much am I borrowing?
  6. How the liquidation price is calculated? It is the price that the loan cannot be repaid?
  7. Hi anyone knows how arbitrage works? When does we need to add funds or adjust margin… i see no details on when its going to be liquidated
  8. If I convert 1000 usdt to a coin,I pay 50 cents commission, right ?