Finally figured out why I got liquidated:
1. Currently, the only cryptocurrencies available for margin trading on @Backpack are the ones shown in the image below.
2. If you are currently using the $PUMP rate, buying spot, and selling an equivalent contract, even though your position is fully hedged, as the price of the coin rises, your short position will continuously eat away at your margin until liquidation.
3. However, the Est. Liq. Price for your short position is currently showing as N/A on both ends of the product.
This is exactly the same as the prompt when using the $BTC rate, and it was precisely this point that led to my misunderstanding yesterday, thinking my spot had already been considered as margin.
4. This issue with the liquidation price display has been reported to the official team, and it should be fixed soon～
Until then, just play safe my fams.
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