Hi, on the spot market I bought 25 coins of

Question

Hi, on the spot market I bought 25 coins of

CoinXYZ at 0.82 USD then I went to the perpetual market for coin CoinXYZ and shorted 20 CoinXYZ-Perp at 0.82 USD and gave my 25 coins of CoinXYZ as collateral. I didn't use any leverage, so leverage was set to 1.

Now when I go to my wallet and click on positions I see:
Est. Liquidation Price:
CoinXYZ Short 20 CoinXYZ $15.83 2.5704

So, I have a liquidation price of 2.5704 USD. This is what is confusing me because I gave 25 coins of CoinXYZ as collateral and the price difference between spot and perpertual market is close to zero.

Can someone explain me why I have a liquidation price eventho I gave 25 coins as collateral to short 20 coins of CoinXYZ-Perp?

#crypto-exchange #cryptocurrency #english #ftx

0

22.11.2021