Liquidation calculator
This is a simplified estimate for education. Real liquidation behavior can vary with margin mode, account equity, fees, funding, and venue mechanics.
How this works
This education calculator estimates the price move that would consume the margin buffer after a maintenance-margin assumption. Use it as an early warning check beside live market depth, funding, and portfolio exposure, not as a promise that liquidation will happen at one exact price.
Notional
Entry price multiplied by position size.
Maintenance estimate
Position notional multiplied by the maintenance margin rate input.
Liquidation distance
Estimated price move that consumes margin after the maintenance estimate.
Assumptions
- The calculator treats the position in isolation, not as part of a full cross-margin account.
- You enter the maintenance margin rate, which may not match the venue's current tier for a market.
- The formula does not model funding, fees, open orders, unrealized PnL from other positions, or account-wide equity changes.
Do not ignore
- This estimate is not an exact liquidation engine.
- Liquidation can happen faster during volatile moves, thin books, or oracle dislocations.
- A wider liquidation distance does not make leverage safe or suitable.
FAQ
Why is this approximate?
Real liquidation logic depends on account state, margin mode, venue formulas, fees, funding, and changing maintenance requirements.
Can I use it for cross-margin accounts?
Use it only as a rough position-level stress check. Cross-margin liquidation depends on the full account, not one isolated position.
Which input drives the result?
Margin and position size usually dominate the result because they determine the equity buffer per unit of exposure.
What should I check after the estimate?
Open the market page to review spread, visible depth, funding pressure, and recent volatility before changing leverage.
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.
Sources
- Hyperliquid Docs: LiquidationsAccessed 2026-05-30Supports: Maintenance margin, mark price, partial liquidations, liquidation flow, and liquidation-price formula context.
- Hyperliquid Docs: RisksAccessed 2026-05-30Supports: Smart contract, L1, market liquidity, oracle manipulation, and open-interest cap risk framing.
- Hyperliquid Docs: ReferralsAccessed 2026-05-26Supports: Referral discount, referrer reward mechanics, referral volume limits, and vault/sub-account referral treatment.