Does this include fees and funding?

No — it is the clean arithmetic of entry, leverage, and maintenance margin. Trading fees on entry, accumulated funding payments on a perpetual, and any unrealized loss elsewhere in a cross-margin account all move the real liquidation closer than this figure. Treat the output as the optimistic bound.

What maintenance margin rate should I enter?

Use the rate published by your venue for the notional tier your position falls into. It is commonly 0.4%–1% for small positions and rises with size, which is why a large position can be liquidated at a smaller adverse move than a small one at identical leverage.

Can I move my liquidation price after opening?

Adding margin to an isolated position pushes liquidation further away, and reducing position size does the same. Neither changes the strategy’s edge — they change how much room the position has before the decision is taken out of your hands. Adding margin to a losing position to delay liquidation is the most common way a manageable loss becomes an account-level one.

Know the exit price before the entry

Liquidation Price Calculator

Long and short liquidation levels for an isolated-margin position, with the distance in percent.

Updated 2026-08-18

A liquidation price is the level at which a leveraged position no longer holds enough margin to stay open and is force-closed by the venue. For an isolated-margin long it sits at entry × (1 − 1/leverage + maintenance margin rate); for a short, at entry × (1 + 1/leverage − maintenance margin rate). At 10× with a 0.5% maintenance rate the position is liquidated after roughly a 9.5% adverse move — which is why leverage and stop distance have to be chosen together, not separately.

Position parameters

Entry price (USDT)

Leverage (×)

Effective leverage on this position, not the account maximum

Maintenance margin rate (%)

Published per tier by the venue — typically 0.4%–1% at small size

Runs entirely in your browser. No inputs are transmitted or stored.

Liquidation levels

Long liquidation price: —
Move against a long: —
Short liquidation price: —
Move against a short: —
Usable margin buffer: —

Treat this as an upper bound on survivable movement, not a target. Funding payments, fees, and unrealized losses on other positions all reduce the buffer, and cross-margin accounts can be liquidated by a position you were not watching.

The formula

Long  liquidation = Entry × (1 − 1/Leverage + MMR)
Short liquidation = Entry × (1 + 1/Leverage − MMR)

Distance to liquidation ≈ (1/Leverage − MMR) × 100 %
MMR = maintenance margin rate, set per tier by the venue

Isolated margin, one position, no added collateral, fees excluded.

1 Enter the price at which the position was, or will be, opened.
2 Enter the effective leverage on that specific position, not the maximum your account tier allows.
3 Enter the maintenance margin rate your venue publishes for the position’s notional tier.
4 Compare the liquidation distance with your intended stop distance — the stop must be reached first.

Why the stop has to sit inside the liquidation level

A stop-loss is a request; liquidation is not. If the stop is further from entry than the liquidation price, the stop can never execute — the venue closes the position first, usually at a worse price and with a liquidation fee attached. The practical rule is to size so that the stop sits well inside the liquidation distance, with room for the gap risk that appears when a market moves fast enough to skip levels. When the two are close together, the leverage is too high for the idea being expressed.

Isolated versus cross margin

This calculator assumes isolated margin: one position, its own collateral, no help from the rest of the account. Under cross margin the entire account balance backs every position, which pushes each individual liquidation price further away and simultaneously makes a single bad position capable of taking the whole account with it. Cross margin does not reduce risk; it pools it. The figure that matters there is account-level maintenance margin against total equity, not the per-position number this tool reports.

Sources

How do I calculate the liquidation price for futures? What are the conditions for liquidation? — OKX
Tiered maintenance margin ratio rules — OKX
Liquidations — Hyperliquid Docs

Educational calculator. Outputs describe arithmetic under the assumptions you enter — they are not a forecast, a recommendation, or investment advice. Quantitative trading can lose money.

Frequently asked

Short answers, with the assumptions stated.

Does this include fees and funding?: No — it is the clean arithmetic of entry, leverage, and maintenance margin. Trading fees on entry, accumulated funding payments on a perpetual, and any unrealized loss elsewhere in a cross-margin account all move the real liquidation closer than this figure. Treat the output as the optimistic bound.
What maintenance margin rate should I enter?: Use the rate published by your venue for the notional tier your position falls into. It is commonly 0.4%–1% for small positions and rises with size, which is why a large position can be liquidated at a smaller adverse move than a small one at identical leverage.
Can I move my liquidation price after opening?: Adding margin to an isolated position pushes liquidation further away, and reducing position size does the same. Neither changes the strategy’s edge — they change how much room the position has before the decision is taken out of your hands. Adding margin to a losing position to delay liquidation is the most common way a manageable loss becomes an account-level one.

Take the number into a terminal that enforces it

Position caps, drawdown stops, and liquidation distance are limits QANTERION applies while a strategy runs — not figures you re-check by hand.

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