What is a liquidation price?

Exchanges check positions against the mark price. If your equity falls below the maintenance margin, the venue starts liquidation. You can lose most or all of the margin in that position.

How can you estimate it?

For an isolated long, ignoring fees and funding:

liquidation price = entry x (1 - 1 / leverage) / (1 - maintenance margin rate)

Example: long at 50,000 with 10x leverage and a 0.5% maintenance margin rate. The result is 50,000 x 0.9 / 0.995 = about 45,226. A 9.5% drop liquidates the position. At 20x, the same formula gives about 47,739, only 4.5% below entry.

Use the number shown by your venue for real decisions. Fees, funding, margin tiers, and extra margin change the exact value.

How does margin mode change it?

• In isolated margin, only the margin assigned to that position counts.
• In cross margin, the whole account balance supports all positions, so the liquidation price moves with other positions.

What does Hyperliquid document?

Hyperliquid liquidates a position when account equity falls below the maintenance margin, which is half the initial margin at maximum leverage. It first tries to close the position with market orders on the book. If equity falls below two thirds of the maintenance margin and that fails, a liquidator vault takes the position.

Where does it appear in Ninja Terminal?

The positions table has a liquidation price column. Alerts can fire on liquidation distance, and Quick Entry safety checks include liquidation distance.