# Liquidations A liquidation in nftperp v2 is a market close against the orderbook. Liquidators get a flat fee of 0.007 ETH for running liquidations. This margin comes from remaining notional unless the position is under bad debt, in which case it will come from the insurance fund. The portion of a position that gets liquidated in a block is determined by the fluctuation limit (2.5%). The entire position will liquidate if the complete position can be dumped without the price crossing the fluctuation limit. Otherwise, the portion that will keep it below the fluctuation limit is liquidatable. A Position in nftperp v2 is liquidateable if its margin ratio is below 6.25% when calculated using decision price. The decision price for liquidation is calculated using the index price. If this price determines the position to be liquidatable, liquidation is executed against the orderbook bids/asks, including the AMM for that range If you are interested in becoming a liquidator, check the [Developers Section](https://nftperp.gitbook.io/core-docs/nftperp/developers/getting-started/liquidators). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://nftperp.gitbook.io/core-docs/nftperp/protocol-design/liquidations.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.