#liquidation

5 articles

Health factor, close factor and liquidation spread explained, with what the first study of Aave, Compound, MakerDAO and dYdX liquidations measured.

18 October 2026·5 min read·29 views·1 source

ADL closes profitable positions when the insurance fund runs out. Binance's ranking formula, the 12-minute Hyperliquid cascade, and the indicator.

14 October 2026·5 min read·41 views·2 sources

Futures can trade 10% a year above spot. A BIS paper explains what drives that gap and why margin calls keep arbitrageurs from closing it.

13 October 2026·6 min read·48 views·1 source

Why the candle never touched your liquidation price but you were liquidated anyway. How Binance builds the mark price, with a worked example.

12 October 2026·4 min read·35 views·2 sources

The exact trigger of a Binance futures liquidation, why the mark price matters, and how to estimate your liquidation price at 5x to 100x leverage.

22 September 2026·5 min read·44 views·4 sources