爆仓价格公式
Binance uses the following simplified formula to calculate the liquidation price for USDC-margined futures:
Long Position:
Liq. Price = Entry Price × (1 − 1 / Leverage + Maintenance Margin Rate)
Short Position:
Liq. Price = Entry Price × (1 + 1 / Leverage − Maintenance Margin Rate)
The maintenance margin rate (MMR) varies by position size tier. For most retail positions under 50,000 USDC, the MMR is 0.4%.
⚡ Quick Estimate: For a rough calculation, your liquidation distance is approximately 1 / leverage. At 100x, that's a 1% move. At 10x, it's 10%.
逐步计算流程
确认您的入场价格
$65,000
记录您的 leverage
20x
查找维持保证金率
0.4% = 0.004
套用公式：$65,000 × (1 − 0.05 + 0.004)
$65,000 × 0.954
您的爆仓价格
≈ $62,010
This means if BTC drops from $65,000 to $62,010 (a ~4.6% decline), your position gets liquidated and you lose your entire margin. 这意味着，如果 BTC 从 $65,000 跌至 $62,010（约下跌 4.6%），您的仓位将被强制平仓，您将损失全部保证金。
10x、50x 与 100x 下的爆仓对比
| Leverage | 爆仓价格（约） | 距爆仓距离 | 风险等级 |
|---|---|---|---|
| 3x | ~$43,667 | ~32.8% | Moderate |
| 10x | ~$58,500 | ~10% | High |
| 20x | ~$62,010 | ~4.6% | High |
| 50x | ~$63,700 | ~2% | Very High |
| 100x | ~$64,350 | ~1% | Extreme |
| 125x | ~$64,480 | ~0.8% | Maximum |
⚠️ Reality Check: At 100x leverage, a 0.6% price move — which can happen in seconds during volatile markets — wipes out your entire position. BTC regularly moves 2–5% within a single hour. ⚠️ 现实警示：在 100x leverage 下，价格仅需波动 0.6%——在行情剧烈震荡时，这可能在数秒内发生——便会将您的整个仓位清零。BTC 在单个小时内经常波动 2–5%。
Binance 阶梯保证金制度
| 档位 | 仓位大小 (USDC) | 最大 Leverage | 维持保证金率 |
|---|---|---|---|
| 1 | 0 – 50,000 | 125x | 0.40% |
| 2 | 50,000 – 250,000 | 100x | 0.50% |
| 3 | 250,000 – 1,000,000 | 50x | 1.00% |
| 4 | 1,000,000 – 10,000,000 | 20x | 2.50% |
| 5 | > 10,000,000 | 10x | 5.00% |
Key Insight: The higher your position size, the lower your max leverage and the higher the maintenance margin — meaning you get liquidated sooner. This is Binance's way of managing systemic risk. 核心要点：仓位越大，最大 leverage 越低，维持保证金率越高——这意味着您将更早面临强制平仓。这是 Binance 管理系统性风险的方式。
使用 Binance 内置计算器
打开 Binance Futures
进入 Binance Futures 交易界面，选择您希望交易的交易对（例如 BTCUSDC）。
点击计算器图标
在下单面板附近找到计算器图标，点击即可打开内置计算器。
选择「爆仓价格」选项卡
在计算器中切换至爆仓价格选项卡。
输入您的参数
输入您的入场价、leverage、仓位大小及保证金模式（逐仓或全仓）。Binance 将显示精确的预估爆仓价格。
在 Binance 上避免爆仓的技巧
在完全理解爆仓机制之前，请从 3x–5x leverage 开始交易。
使用逐仓 margin，将亏损限制在为该特定仓位分配的保证金范围内。
在建立任何杠杆仓位前设置止损（Stop-Loss）。将止损设置在距爆仓距离 50% 处可提供有效保护。
监控保证金比率——始终将保证金比率维持在 80% 以下。
在确认任何交易前，请务必使用 Binance 内置计算器或我们的免费 Liquidation Calculator 核实您的爆仓价格。
Liquidation Calculator常见问题
如何计算 Binance 上 100x leverage 的爆仓价格？ +
Binance 会在我开仓前显示爆仓价格吗？ +
Binance 的维持保证金率是多少？ +
Binance 上逐仓 margin 与全仓 margin 的爆仓价格有何不同？ +
我可以在 Binance 开仓后更改 leverage 吗？ +
在 Binance 上被强制平仓后，我的资金会怎样？ +
Derivatives & Leveraged Products — Important Risk Warning
Derivatives are complex financial instruments that carry a high risk of rapid capital loss. Leveraged trading (futures, perpetual contracts, margin trading, options) can result in losses that exceed your initial investment. The majority of retail investor accounts lose money when trading derivatives.
You should carefully consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. This content is for educational purposes only and does not constitute financial advice, investment advice, or a recommendation to trade derivatives.
In the European Union, crypto derivatives are classified as financial instruments under MiFID II. Only platforms with appropriate MiFID II authorization may offer these products to EU residents. Regulatory treatment varies by jurisdiction — verify the legal status of derivatives trading in your country before participating.
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