A "wick" is when the price suddenly spikes up or drops down within a very short time and then quickly comes back, leaving a long shadow on the candlestick. Wicks often come from a sudden large trade or a brief lack of liquidity. If liquidation were triggered by the last traded price, a single wick could close a position that was otherwise safe.
Last price vs mark price
The last price is the price of the most recent trade, so any single unusual trade can make it jump. The mark price is a reference price used to measure position risk.
On Akunosai, liquidation, stop-loss and take-profit are all triggered by the mark price, not the last price. So a wick in the last price alone will not liquidate your position.
Every fill can be checked
Orders are filled at the most favorable market price available at that moment. Every fill and every liquidation is recorded together with the market price in the same second.
On the Fair Execution page you can see statistics for the last 30 days. After you log in, "My fills" lets you check the fill price, market price, mark price and deviation for each trade.
Liquidated before the trigger price: full compensation
If your position was liquidated or your stop-loss was triggered while the mark price had not actually reached the trigger price, we will fully compensate the resulting loss after verification.
- Loss = the realized loss of that close (capped at the position margin) + the closing fee or liquidation fee of that close. Funding fees are not included.
- The system automatically checks every liquidation and stop-loss.
- You can also click "Appeal" on any liquidation or stop-loss on the Fair Execution page within 30 days.
- All cases are reviewed within 3 business days.
How to lower your liquidation risk
Futures are high-risk products, and a position can lose its entire margin. The steps below help you control risk, but they cannot remove it:
- Use lower leverage and keep enough margin.
- Set a stop-loss after you open a position. A stop-loss can limit losses, but it cannot rule out a loss entirely.
- Keep an eye on the liquidation price in your positions list.
- Use the futures demo account first to get used to placing orders, take-profit and stop-loss, and closing positions.
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FAQ
Q: If only the last price wicks, will my take-profit or stop-loss trigger? A: No. Take-profit, stop-loss and liquidation are all triggered by the mark price.
Q: How do I file an appeal? A: On the Fair Execution page, find the liquidation or stop-loss record, click "Appeal", add a note if you like, and submit.
Q: How long does compensation take? A: All cases are reviewed within 3 business days.
Q: Does compensation include funding fees? A: No. Compensation covers the realized loss of that close (capped at the position margin) plus the closing or liquidation fee.