HYPE risk calculator

HYPE Liquidation Price Calculator

Estimate liquidation distance under stated assumptions.

Direct answer

How is HYPE liquidation price calculated?

Hyperliquid liquidates a position when account equity falls below its maintenance requirement and uses mark price for the check. For an isolated HYPE position, this calculator solves the published position formula and selects the HYPE maintenance tier that applies at the estimated liquidation notional. The result remains a model: the venue-displayed level can move after funding, fees, or margin changes. Review the official liquidation formula and current margin tiers.

Liquidation calculator

Position modelIsolated-position stress estimateCross and portfolio-margin account equity are not modeled.
Live officialHYPE-PERP

Mark $93.85 · fetched Sep 21, 11:42 PM UTC

Maintenance assumptions
Position side
Position notional
$9,385
Implied leverage
5.00x
Margin model
HYPE tiers
Price basis
Current mark
Approx liquidation
$79.03
Distance from entry
15.8% below entry
Margin above maintenance
$1,408
Maintenance at liq.
5.00%

Estimated liquidation notional $7,903 · 10x maximum-leverage tier · $395 maintenance requirement.

The position-level formula uses entry price, base-asset size, isolated margin, and the maintenance assumptions shown above. Funding changes, fees, mark-price movement, and cross or portfolio-margin account state can move the actual liquidation price.

What does this liquidation estimate include?Read

The calculator handles one isolated position and makes the price, size, margin, maintenance tier, and deduction visible. It withholds the result when the assumptions already fail maintenance checks.

  • The official formula solves a position-level liquidation price from entry, side, base size, available isolated margin, and maintenance margin.
  • For HYPE, the calculator applies the maintenance tier at the estimated liquidation notional, including the tier deduction that keeps maintenance continuous.
  • The live HYPE mark is a starting input, not an entry quote. You can replace every scenario value.
  • Cross and portfolio margin depend on the rest of the account, so this calculator does not estimate either mode.
  • Funding, fees, transfers, margin changes, and future mark-price inputs can move the venue-displayed liquidation price after entry.
Last updated: 2026-08-25Last reviewed: 2026-08-25
Methodology and assumptionsformulas, limits, and FAQ

How this works

This calculator implements Hyperliquid's published position-level liquidation equation for an isolated scenario. It derives maintenance rate as half the initial-margin rate at the applicable maximum-leverage tier, applies the official tier-deduction method, and then checks which tier contains the estimated liquidation notional.

Maintenance rate

1 divided by two times the maximum leverage at the applicable notional tier.

Tier deduction

Prior deduction plus the new tier boundary multiplied by the increase in maintenance rate.

Liquidation price

Entry price minus side times available margin per base unit, divided by one minus maintenance rate times side.

Assumptions

  • The official-tier mode models one isolated HYPE-PERP position and chooses the tier at estimated liquidation notional.
  • When live market context fails, the page withholds the mark and keeps the HYPE tiers reviewed from official docs available as a labeled fallback.
  • The manual mode accepts a flat maintenance rate and no tier deduction, so it is a scenario for another market rather than a verified market-specific result.

Do not ignore

  • Cross and portfolio margin use full-account state and cannot be reconstructed from one position input.
  • The mark price, not the last trade or oracle alone, drives the liquidation check.
  • Funding payments, fees, added or removed margin, and other account PnL can move the displayed liquidation price.

Questions

Why can the venue show a different liquidation price?

The venue updates account equity, funding, fees, mark price, margin, and tier state after the scenario you entered. Cross and portfolio margin also include other positions and balances.

Does this calculate cross-margin liquidation?

No. It is an isolated-position model. Use the read-only account audit to inspect the liquidation prices returned for an actual public cross-margin account.

Which HYPE maintenance tier does the calculator use?

It solves the price under each current HYPE tier and uses the tier whose notional range contains the estimated liquidation position value. The result displays the chosen rate, maximum-leverage tier, and deduction.

Should I use mark price or my planned entry?

Use your planned or actual entry for the scenario. The live mark button is a starting point for a position opened near the current market, not an executable quote.

Risk notice
Crypto perpetuals and leveraged trading are high risk. You can lose money through liquidation, funding, slippage, oracle issues, protocol failures, and market volatility.

Affiliate disclosure: we may earn referral rewards if you use this link.

Model the cost side too

Fees are the controllable part of the cost stack. The official docs say an eligible referral code gives a 4% fee discount for your first $25M in volume; the discount does not change liquidation risk.

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Sources

4 references · Expand
  • Supports: Maintenance margin, mark price, partial liquidations, liquidation flow, backstop-liquidation thresholds, and HLP liquidator-vault exposure.
  • Hyperliquid Docs: MarginingAccessed 2026-08-25
    Supports: Initial margin, leverage, margin required as position value divided by leverage, and differences between cross and isolated margin.
  • Supports: Notional-based maximum leverage tiers, current HYPE tier boundaries, and margin-tier metadata exposed by the official API.
  • Hyperliquid Docs: ReferralsAccessed 2026-08-20
    Supports: Referral discount, referrer reward mechanics, referral volume limits, and vault/sub-account referral treatment.