diff --git a/freqtrade/leverage/liquidation_price.py b/freqtrade/leverage/liquidation_price.py
index 2aeba6b78..98ceb1704 100644
--- a/freqtrade/leverage/liquidation_price.py
+++ b/freqtrade/leverage/liquidation_price.py
@@ -1,12 +1,17 @@
+from typing import Optional
+
 from freqtrade.enums import Collateral, TradingMode
 from freqtrade.exceptions import OperationalException
 
 
 def liquidation_price(
     exchange_name: str,
+    open_rate: float,
+    is_short: bool,
+    leverage: float,
     trading_mode: TradingMode,
-    ** k
-):
+    collateral: Optional[Collateral]
+) -> Optional[float]:
 
     leverage_exchanges = [
         'binance',
@@ -16,21 +21,25 @@ def liquidation_price(
     if trading_mode == TradingMode.SPOT or exchange_name.lower() not in leverage_exchanges:
         return None
 
-    collateral: Collateral = k['collateral']
+    if not collateral:
+        raise OperationalException(
+            "Parameter collateral is required by liquidation_price when trading_mode is "
+            f"{trading_mode}"
+        )
 
     if exchange_name.lower() == "binance":
-        # TODO-lev: Get more variables from **k and pass them to binance
-        return binance(trading_mode, collateral)
+        return binance(open_rate, is_short, leverage, trading_mode, collateral)
     elif exchange_name.lower() == "kraken":
-        # TODO-lev: Get more variables from **k and pass them to kraken
-        return kraken(trading_mode, collateral)
+        return kraken(open_rate, is_short, leverage, trading_mode, collateral)
     elif exchange_name.lower() == "ftx":
-        return ftx(trading_mode, collateral)
-    return
+        return ftx(open_rate, is_short, leverage, trading_mode, collateral)
+    raise OperationalException(
+        f"liquidation_price is not yet implemented for {exchange_name}"
+    )
 
 
 def exception(
-    exchange_name: str,
+    exchange: str,
     trading_mode: TradingMode,
     collateral: Collateral
 ):
@@ -41,10 +50,16 @@ def exception(
         :param collateral: cross, isolated
     """
     raise OperationalException(
-        f"{exchange_name} does not support {collateral.value} {trading_mode.value} trading")
+        f"{exchange} does not support {collateral.value} {trading_mode.value} trading")
 
 
-def binance(trading_mode: TradingMode, collateral: Collateral):
+def binance(
+    open_rate: float,
+    is_short: bool,
+    leverage: float,
+    trading_mode: TradingMode,
+    collateral: Collateral
+):
     """
         Calculates the liquidation price on Binance
         :param name: Name of the exchange
@@ -70,7 +85,13 @@ def binance(trading_mode: TradingMode, collateral: Collateral):
     exception("binance", trading_mode, collateral)
 
 
-def kraken(trading_mode: TradingMode, collateral: Collateral):
+def kraken(
+    open_rate: float,
+    is_short: bool,
+    leverage: float,
+    trading_mode: TradingMode,
+    collateral: Collateral
+):
     """
         Calculates the liquidation price on Kraken
         :param name: Name of the exchange
@@ -91,7 +112,13 @@ def kraken(trading_mode: TradingMode, collateral: Collateral):
     exception("kraken", trading_mode, collateral)
 
 
-def ftx(trading_mode: TradingMode, collateral: Collateral):
+def ftx(
+    open_rate: float,
+    is_short: bool,
+    leverage: float,
+    trading_mode: TradingMode,
+    collateral: Collateral
+):
     """
         Calculates the liquidation price on FTX
         :param name: Name of the exchange
diff --git a/freqtrade/persistence/models.py b/freqtrade/persistence/models.py
index 9dc87dc69..682db9497 100644
--- a/freqtrade/persistence/models.py
+++ b/freqtrade/persistence/models.py
@@ -14,7 +14,7 @@ from sqlalchemy.pool import StaticPool
 from sqlalchemy.sql.schema import UniqueConstraint
 
 from freqtrade.constants import DATETIME_PRINT_FORMAT
-from freqtrade.enums import SellType
+from freqtrade.enums import Collateral, SellType, TradingMode
 from freqtrade.exceptions import DependencyException, OperationalException
 from freqtrade.leverage import interest, liquidation_price
 from freqtrade.misc import safe_value_fallback
@@ -265,6 +265,8 @@ class LocalTrade():
     buy_tag: Optional[str] = None
     timeframe: Optional[int] = None
 
+    trading_mode: TradingMode
+
     # Leverage trading properties
     is_short: bool = False
     isolated_liq: Optional[float] = None
@@ -344,17 +346,23 @@ class LocalTrade():
             self.stop_loss_pct = -1 * abs(percent)
         self.stoploss_last_update = datetime.utcnow()
 
-    def set_isolated_liq(self, **k):
+    def set_isolated_liq(self, isolated_liq: Optional[float]):
         """
             Method you should use to set self.liquidation price.
             Assures stop_loss is not passed the liquidation price
         """
-        if k['isolated_liq']:
-            isolated_liq: float = k['isolated_liq']
-        else:
-            isolated_liq: float = liquidation_price(
-                exchange=self.exchange_name,
-                **k
+        if not isolated_liq:
+            isolated_liq = liquidation_price(
+                exchange_name=self.exchange,
+                open_rate=self.open_rate,
+                is_short=self.is_short,
+                leverage=self.leverage,
+                trading_mode=self.trading_mode,
+                collateral=Collateral.ISOLATED
+            )
+        if isolated_liq is None:
+            raise OperationalException(
+                "leverage/isolated_liq returned None. This exception should never happen"
             )
 
         if self.stop_loss is not None: