> For the complete documentation index, see [llms.txt](https://docs.kaze.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kaze.fi/tigris/fees-and-trading-guide/liquidation.md).
# 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.
After opening you can see your liquidation price in the chart as a yellow line and in the "My Open Positions" panel.
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.
After a liquidation the NFT that represented the trade it's burned.
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