On Omni, your liquidation price is the estimated point at which your account no longer holds sufficient collateral to support your open positions.
The Trigger Condition
Liquidation is triggered when your Maintenance Margin reaches or exceeds 100%.
To prevent liquidations caused by temporary volatility, Omni calculates your maintenance margin requirements using a fast EMA of the mark price.
This ensures price stability and dampens the effect of sudden, short-lived price movements.
Cross-Margin and Account Equity
Omni uses a cross-margin system. This means your Maintenance Margin is calculated by marking to market all positions within your account against your total collateral.
Because of this, your liquidation price is not fixed to a single trade's entry price. It is a dynamic value that reflects the health of your entire portfolio.
Why is my liquidation price in profit?
It is possible for a liquidation price to be below your entry for a short, or above your entry for a long, when the total equity in your cross-margin account is insufficient to support your positions beyond that price point.
Even if an individual trade is technically in profit, it may be liquidated if your Total Account Equity (Wallet Balance + Unrealized PnL) is unable to satisfy the 100% Maintenance Margin requirement.
In these cases, the system must initiate a Partial Liquidation while the trade is still in the green to ensure the account can cover the required margin and the 0.5% penalty.