Is the calculator exact?

It gives the isolated-margin estimate from entry, leverage, and maintenance margin. Exchanges also deduct funding payments and the fee on the forced close, and cross-margin accounts share margin between positions, so the live figure in your exchange or in Proliquid can differ slightly.

How do I move my liquidation price further away?

Add margin to the position, reduce its size, or open it at lower leverage in the first place. Each lowers the loss needed to reach the maintenance level. A stop-loss above the liquidation price closes the position on your terms instead of the exchange's.

Do I lose all my margin when liquidated?

Usually most of it. The position is closed at market by the liquidation engine and any remainder after the maintenance margin and fees is returned. On a fast move the close can happen below the maintenance level, in which case the exchange's insurance fund absorbs the shortfall.

Where can I see everyone else's liquidation prices?

Hyperliquid positions are public, so Proliquid's liquidation maps aggregate every open position's liquidation price by level for the most traded markets, with the largest positions at risk on each side.

Liquidation price calculator for perpetuals

What is a liquidation price?

The liquidation price is the price at which a leveraged position's margin no longer covers the exchange's maintenance requirement, so the exchange closes the position by force. For a long it sits below the entry price; for a short, above it. Higher leverage moves it closer to entry.

How liquidation works

Opening a position at 10x means posting 10% of its notional as initial margin. As price moves against you, unrealized losses come out of that margin. The exchange requires a smaller amount, the maintenance margin, to stay in the position; on Hyperliquid it is half of the initial margin at the market's maximum leverage, so 1.25% for a market that allows 40x. When equity falls to the maintenance level the position is liquidated: the exchange takes it over and closes it, usually at a worse price than the trigger, and the remaining margin is lost.

Adding margin to an isolated position moves the liquidation price away from entry. In cross margin, the whole account balance backs every position, so one position's losses can pull another towards liquidation.

The formula

Ignoring fees and funding, an isolated long is liquidated at entry × (1 − 1/leverage) ÷ (1 − maintenance rate). A short is liquidated at entry × (1 + 1/leverage) ÷ (1 + maintenance rate). At 10x with a 1.25% maintenance rate, a long liquidates about 8.9% below entry, not the 10% many traders assume, because the maintenance margin has to remain when the position closes. Funding payments and the taker fee on the forced close move the real level slightly closer.

Every open position has one of these prices, and on Hyperliquid they are public. Summing them by price level gives the liquidation map: clusters below the price are where a drop would force longs to sell, clusters above are where a rally would force shorts to buy. Those levels tend to act as magnets and accelerants because the forced orders are market orders.

Example: a 20x BTC long

WORKED EXAMPLE

A trader opens a $20,000 BTC long at $77,300 with 20x leverage on Hyperliquid, where BTC allows up to 40x, so the maintenance margin rate is 1.25%.

Initial margin: $1,000 (5% of notional)
Maintenance margin: 1.25% of notional
Liquidation price: $77,300 × (1 − 0.05) ÷ (1 − 0.0125) ≈ $74,365
Distance: 3.8% below entry
After adding $500 margin: Liquidation drops to about $72,410 (6.3% away)
At 5x instead: Liquidation at about $62,623 (19% away)

The same $1,000 of margin at 20x can be wiped out by a move BTC makes most weeks. Use the calculator below to check a position before opening it, then look at the map to see how many others sit at the same level.