Hypertake is an independent web interface for Hyperliquid's HIP-4 prediction markets (outcomes) and perpetual futures. You connect your own wallet; every order is placed, matched and settled on Hyperliquid, and your money stays in your own Hyperliquid account. Hypertake is not affiliated with or endorsed by Hyperliquid. Markdown of this page: https://hypertake.net/docs/perps/liquidation.md. Full documentation index: https://hypertake.net/llms.txt

Perps · Concepts

Liquidation

When Hyperliquid liquidates a perps position, how the liquidation price is computed, and how to see and move it first

Liquidation is Hyperliquid closing your position because its margin has run out. It happens when the mark price reaches your liquidation price: the point where your equity falls below the maintenance margin. Hypertake shows that price before you open, draws it on the chart, and lets you drag it to choose your risk.

#What triggers it

Hyperliquid liquidates when "the account equity falls below the maintenance margin", judged on the mark price, not the last trade, so one odd fill can't set it off (Hyperliquid: liquidations). Maintenance margin is half the initial margin at the market's maximum leverage: 1.25% of the position's value on a 40× market.

• Isolated: only that position's margin and value count.
• Cross: your whole account counts. The account is liquidated when its value, including unrealised P&L, falls below the maintenance margin of all its cross positions.

#How far away it is

For an isolated position, the distance depends only on the leverage and the market's maximum. The higher the leverage, the smaller the move that liquidates you.

Hypertake computes the estimate the same way Hyperliquid's documentation does. For isolated: L = P × (1 − s × (1/leverage − m) ÷ (1 − m × s)), where P is your entry, s is 1 for a long and −1 for a short, and m is the maintenance rate. For cross, your available balance enters too, so the liquidation moves with the size of the order. Once the position is open, Hypertake shows Hyperliquid's own liquidation price for it.

#See it before you confirm

• Before you open: on a market you don't hold, a dashed amber Liquidation line sits on the chart even before you type an amount. Its label says "drag to set the leverage" (isolated) or "drag to set your amount" (cross).
• Drag it: on an isolated order, dragging the line picks the leverage that liquidates there; on cross, the amount. A drag only changes the form: nothing is sent until you press the order button.
• With a position open: an order that adds to or reduces it shows Position, Entry and Liquidation as from → to in the summary, and on the chart the old lines turn grey ("Liquidation now") while the new one is drawn with an arrow.
• In the editor: adding or removing margin, or changing leverage, moves the line before you press the button.
• On the phone: the order cover and the leverage sheet show the liquidation price live, and a liquidation within 10% of the price reads amber.

#What happens at liquidation

1. 1

   Book liquidation

   Hyperliquid sends market orders for the position to the order book. For positions above 100,000 USDC, only 20% goes to the book at first, followed by a 30-second cooldown (Hyperliquid's page has the details). If the book closes it while equity is still above maintenance, any collateral left stays with you.

2. 2

   Backstop

   If equity falls below two thirds of the maintenance margin without a book liquidation, Hyperliquid's liquidator vault takes the position over. An isolated position's margin goes with it; cross positions and margin aren't touched.

3. 3

   Auto-deleveraging

   A last resort on Hyperliquid's side when even the backstop can't absorb a loss. See Hyperliquid: auto-deleveraging.

#How to move it further away

Last updated 17 October 2026