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Liquidation price

Price at which a leveraged position is force-closed by the exchange.

Liquidation price is the level at which a leveraged position has lost enough that the remaining margin falls below the exchange's maintenance-margin requirement, triggering forced closure. Cross-margin and isolated-margin modes use different inputs and give different liquidation prices for the same trade.

For a one-way isolated long, a simplified estimate is: liq ≈ entry · (1 − 1/leverage + mmr), where mmr is the maintenance margin rate (typically 0.4%–1% depending on tier). The actual number on the exchange differs slightly because of funding, fees, and tiered margin.

Trading well inside the liquidation level is mandatory, not optional — a stop loss should fire well before liquidation. A common rule: keep stops at least 2× the distance from entry to liquidation, so a stop-skip caused by a fast move still leaves margin to spare.

Formule

long (isolated, simplified): liq ≈ entry · (1 − 1/L + mmr)
short (isolated, simplified): liq ≈ entry · (1 + 1/L − mmr)

Exemple

Entry 50,000 long, 10× leverage, mmr = 0.5%. Liq ≈ 50,000 · (1 − 0.1 + 0.005) = 45,250.

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Liquidation price calculator

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