# Liquidation

If you haven't set up a Stop Loss order, your trade will be liquidated if current PNL reaches -90%.\
**Please remember the Liquidation Price is dynamic as all open trades pay or receive funding fees.** 

When opening a trade the liquidation price is shown in the trading panel and on the chart. 

<figure><img src="/files/XgbYOUcTSXeXrItq5huI" alt=""><figcaption></figcaption></figure>

After opening you can see your liquidation price in the chart as a yellow line and in the "My Open Positions" panel.

<figure><img src="/files/LTa00Vmh4ZABBNEv8dhL" alt=""><figcaption></figcaption></figure>

Liquidations are [performed by bots](/tigris/for-developers.md) that are paid with 0.01% of the position size. The closing fee is paid to stakers while the rest remains inside the StableVault to increase its collateralization levels.&#x20;

After a liquidation the NFT that represented the trade it's burned.


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