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Trading mechanics, explained properly

No hot takes, no price predictions — just well-researched guides on the mechanics that actually determine whether your position survives: margin modes, funding rates, and the mistakes that get leveraged traders liquidated.

Mark price reaches liquidation before last price reaches a stop
Why Was I Liquidated Before My Stop Loss?

Your stop and the liquidation engine may be watching different prices. Here’s how mark price, last price and order execution can cause liquidation to happen first.

Isolated margin compared with cross margin using connected wallet graphics
Isolated vs Cross Margin: Which Should You Actually Use?

The two margin modes fail differently, not just at different speeds. Here's the mechanical difference, worked examples for both, and a decision framework based on how confident you are in a specific stop loss.

Funding rate payments reducing a margin wallet over time
How Funding Rates Work — and Why They Quietly Raise Your Liquidation Risk

Funding payments don't show up in most liquidation calculators, but they erode your margin every 8 hours on a leveraged position. Here's the mechanism, and how to account for it.

Five common liquidation risk warnings around a leveraged trading position
5 Mistakes That Get Leveraged Traders Liquidated (Beyond "Too Much Leverage")

High leverage is the obvious cause. These five are the ones traders don't see coming — from stop losses placed past the liquidation price to ignoring maintenance margin tiers entirely.