Leverage & Liquidation Price Calculator
See how far price has to move against you before the exchange closes your trade — and how leverage pulls that point toward your entry.
Your stop comes first, 6.86% before liquidation, and costs 20.0% of your margin when it fills.
Estimate. Real exchanges add fees and funding, and use their own margin tiers — this assumes Hyperliquid’s base tier and its published rules. Education, not financial advice.
That’s the maths. Want to see what you actually do?
Paste a public Hyperliquid address and read the trades that are already there. No sign-up, nothing to connect, no keys.
What leverage does to your liquidation price
Leverage doesn’t change what the market does. It changes how much of a move you can sit through before your position is closed for you.
Your margin is what you put up. Leverage multiplies it into the position size you control, so a $1,000 margin at 10x controls $10,000. The move that wipes out your margin is the same move, whatever you call it — roughly 1 divided by your leverage. At 10x that is about 10%; at 40x it is about 2.5%.
Liquidation arrives slightly before that, because the exchange keeps back a maintenance margin — on Hyperliquid, half the initial margin at the asset’s maximum leverage. So a 40x position on an asset whose maximum is 40x is liquidated on a move of roughly 1.27%, not 2.5%.
This is why a stop-loss and high leverage can quietly contradict each other. If your stop sits further from entry than your liquidation price does, the stop never gets used: the exchange closes the position first, and at a price you did not choose. The calculator above says which of the two comes first.