All / Liquidation price

Liquidation price

At 10x, price only has to move about 9.5% against you to take the whole margin. Most beginners think that number is 50%.

Side Entry price Leverage (x) Maintenance margin (%)

Liquidation price —

Formula (isolated margin, long): liquidation = entry × (1 − 1/leverage + maintenance margin). Short flips the sign. Entry and exit fees and funding are excluded, so the real level usually arrives a little sooner.