2026-01-04 21:21:07

The biggest fear when trading perpetual contracts is being liquidated unexpectedly, and the main culprit behind this is often the mark price.

Liquidation triggers rely on the mark price, not the real-time transaction price you see. How is this mark price determined? It is calculated using a weighted index method, designed to prevent market manipulators from smashing the order book to artificially cause liquidations. It sounds safe, but in practice, issues can still arise.

The key safeguards are: enable the "Mark Price Alert" feature, so that if the difference between the mark price and the current contract price exceeds 0.5%, an alert is immediately triggered. This price gap may seem small, but under leverage, it can directly determine whether you profit or lose.

Also, avoid a common pitfall—don't trade small-cap perpetual contracts during periods of very low liquidity. For example, trading a niche coin's contract at 3 a.m., if the mark price deviates too far from the spot price, it can be unpredictable. Always confirm that the mark price and the spot price are synchronized before opening a position; this is the last line of defense.

Mainstream coins like ETH, SOL, and XRP have good liquidity and relatively stable mark prices. Beginners can start practicing with these.

ETH-3,5%

SOL-2,56%

XRP-7,46%

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defi_detective

· 23h ago

The mark price system is really shady; trading small-cap contracts at 3 a.m. is just suicide.

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NFTRegretDiary

· 23h ago

Playing obscure coins at 3 a.m. is really asking for trouble; the mark price jumps and instantly wipes out my account.

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ForkMonger

· 01-06 04:25

mark price gaming is just protocol theater anyway, real exploit vector sits in the liquidity gaps they conveniently ignore... but yeah the 0.5% spread thing does matter when you're actually running the numbers

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DegenDreamer

· 01-04 21:49

The mark price is really a trap; only after being liquidated do you understand.

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notSatoshi1971

· 01-04 21:48

The mark price is really a trap, and trading obscure coins at 3 a.m. is just asking for trouble.

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MemeKingNFT

· 01-04 21:48

Uh... I feel like I've been trapped in the mark price trap so many times, the rise and fall of Mainland China.

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GraphGuru

· 01-04 21:38

Playing small coin perpetuals at 3 a.m.? Isn't that gambling haha --- The mark price is really unpredictable; that's how I got liquidated --- Sounds very professional, but in actual operation, it still depends on luck --- Mainstream coins are indeed stable, but the returns are just so-so --- A 0.5% price difference can really wipe you out with leverage; be cautious --- After playing ETH and SOL for so long, I'm actually afraid now --- The real trap is when the mark price and spot price are out of sync --- I'm most afraid of liquidity suddenly disappearing—that's true despair --- Instead of researching these, it's better to just go flat and feel comfortable --- Is the reminder function useful? Feels like you can't really avoid it anyway

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pumpamentalist

· 01-04 21:24

Mark price is really a trap. I was attacked and liquidated once, and at 3 a.m., I almost lost everything trading small coins.

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HashRateHermit

· 01-04 21:23

Damn, I got liquidated again. The mark price is really ridiculous. Playing small coin contracts at 3 a.m. must be crazy. Serves me right. A 0.5% difference is insignificant? With leverage, it can send me to the ICU. If the mark price and spot price are out of sync, just don't touch it. Learned the hard way. Mainstream coins are attractive. SOL and ETH are enough for me to play with.

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