Leverage Calculator: Liquidation Price, Margin & Profit
Enter leverage, entry and exit price. Get the required margin, the liquidation price for a long or short, and profit as % return on margin. 2x to 125x table.
Typical: 0.5% on Binance/Bybit perps. Check your broker.
Needed for the liquidation price.
Where you plan to close — gives P&L and return on margin.
That's 10.00% of your position value held as collateral.
Isolated margin, fees and funding ignored — fees put the real level slightly closer. Quantity: 100.00 units.
Approximate price move against you that wipes the position.
Price moves +5.00%; at 10× that is +50.00% on the $1,000.00 you put up.
For every $1 you put up, you control $10.
Every 1% the price moves changes your margin by this much, either way.
| Price move | In your favour | Against you |
|---|---|---|
| 1% | +$100.00 (+10%) | −$100.00 (−10%) |
| 2% | +$200.00 (+20%) | −$200.00 (−20%) |
| 5% | +$500.00 (+50%) | −$500.00 (−50%) |
| 10% | +$1,000.00 (+100%) | Liquidated (−$1,000.00) |
| 20% | +$2,000.00 (+200%) | Liquidated (−$1,000.00) |
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A leverage calculator has one job before any other: tell you where the position gets liquidated. For isolated margin, long liquidation price = entry × (1 − 1/L) ÷ (1 − MMR) and short liquidation price = entry × (1 + 1/L) ÷ (1 + MMR). L is the leverage and MMR is the maintenance margin rate. At 10× with 0.5% maintenance, a long from $100 is liquidated at $90.45, a 9.55% drop.
Many guides quote a shorter version, entry × (1 − 1/L + MMR) for a long. It measures maintenance against the entry value rather than the current value. At crypto maintenance rates the two agree almost exactly ($90.50 against $90.45). At a stock-style 25% rate they do not, so this calculator uses the full form.
Liquidation distance at 2x, 3x, 5x, 10x, 20x, 25x, 50x, 100x and 125x
Isolated margin, 0.5% maintenance, fees and funding ignored. Liquidation prices are for an entry of $50,000.
| Leverage | Initial margin | Long: drop to liquidation | Short: rise to liquidation | Long liq. price | Short liq. price |
|---|---|---|---|---|---|
| 2× | 50.00% | 49.75% | 49.25% | $25,125.63 | $74,626.87 |
| 3× | 33.33% | 33.00% | 32.67% | $33,500.84 | $66,334.99 |
| 5× | 20.00% | 19.60% | 19.40% | $40,201.01 | $59,701.49 |
| 10× | 10.00% | 9.55% | 9.45% | $45,226.13 | $54,726.37 |
| 20× | 5.00% | 4.52% | 4.48% | $47,738.69 | $52,238.81 |
| 25× | 4.00% | 3.52% | 3.48% | $48,241.21 | $51,741.29 |
| 50× | 2.00% | 1.51% | 1.49% | $49,246.23 | $50,746.27 |
| 100× | 1.00% | 0.50% | 0.50% | $49,748.74 | $50,248.76 |
| 125× | 0.80% | 0.30% | 0.30% | $49,849.25 | $50,149.25 |
Doubling leverage roughly halves your room. From 50× upward the maintenance margin eats most of what is left. At 125× you post 0.80% of the position, and only 0.30% of price movement separates entry from liquidation.
How a leverage profit calculator turns a price move into ROE
Return on margin, the ROE an exchange prints next to an open position, is the price move multiplied by leverage: ROE = price move % × L. A 1% move at 10× is 10% on your margin, in either direction. The table below is for a long with 0.5% maintenance. Each cell reads in your favour / against you.
| Leverage | 1% move | 3% move | 5% move | 10% move |
|---|---|---|---|---|
| 3× | +3% / −3% | +9% / −9% | +15% / −15% | +30% / −30% |
| 5× | +5% / −5% | +15% / −15% | +25% / −25% | +50% / −50% |
| 10× | +10% / −10% | +30% / −30% | +50% / −50% | +100% / liquidated |
| 20× | +20% / −20% | +60% / −60% | +100% / liquidated | +200% / liquidated |
| 50× | +50% / −50% | +150% / liquidated | +250% / liquidated | +500% / liquidated |
| 100× | +100% / liquidated | +300% / liquidated | +500% / liquidated | +1000% / liquidated |
The same 5% move that doubles your margin at 20× wipes it out if it goes the other way.
Worked example, a 10× long
Take a $10,000 position at 10× leverage, entry $100, 0.5% maintenance margin. These are the calculator's default inputs.
- Required margin: $10,000 ÷ 10 = $1,000.
- Quantity: $10,000 ÷ $100 = 100 units.
- Liquidation price: 100 × (1 − 0.1) ÷ (1 − 0.005) = $90.45, a 9.55% drop.
- Exit at $105: (105 − 100) × 100 = +$500 on a 5% price move, or +50% ROE on the $1,000 margin.
At $90.45 the position still holds $45.23 of equity. The price where equity would hit exactly zero, the bankruptcy price, is $90.00. The gap between the two is the maintenance margin. It pays for closing the position in a moving market. What is left usually goes to a liquidation fee or insurance fund rather than back to you.
Worked example, a 20× short
A $20,000 short at 20× from $60,000, 0.5% maintenance. Margin is $1,000 and quantity is 0.333333 units. Liquidation price: 60,000 × (1 + 0.05) ÷ (1 + 0.005) = $62,686.57, a 4.48% rise. Cover at $58,800, a 2% drop, and the short makes $400 (+40% ROE).
Isolated vs cross margin
Isolated margin caps the loss at the margin assigned to that one position. The formulas above describe it. Cross margin puts your whole account balance behind the position, so liquidation moves much further away and the whole balance is on the line. Take the same 10× long ($10,000 at $100) in a $5,000 cross-margin wallet with no other positions open. Liquidation falls to $50.25, a 49.75% drop, and by then about $4,975 is gone instead of $1,000.
Cross margin trades a more distant liquidation for a larger loss when it comes, so treating it as the safer setting is a mistake. With several positions open, one loser can drain the margin the others depend on.
Why exchanges liquidate before your margin hits zero
- Maintenance margin. The exchange closes you out while some equity remains, so the account cannot go negative. Rates are tiered: bigger positions carry a higher maintenance rate and a lower maximum leverage.
- Trading fees. Fees are charged on the full position rather than on the margin. A 0.05% taker fee each way on a $10,000 position is $10 per round trip, which is 1% of margin at 10× and 10% of margin at 100×. The crypto fee comparator shows how far that varies between exchanges.
- Funding. Perpetuals swap funding between longs and shorts, often every 8 hours. At a common baseline of 0.01% per 8 hours, a $10,000 position pays $90 over 30 days: 9% of a $1,000 margin, pulling liquidation closer for the side that pays.
- Mark price. Liquidation usually keys off a mark price built from several exchanges, which can differ from the last trade on yours.
Stock leverage (Reg T 2×) vs crypto perpetuals
In a US stock margin account, Regulation T sets initial margin at 50%, which is 2× leverage, and FINRA requires equity of at least 25% of the current market value. Enter 2× and 25% in the calculator and the long liquidation level comes out at $66.67 per $100 of entry, a margin call after a 33.33% drop. At a 30% house requirement it arrives at $71.43, after a 28.57% drop. The broker may also sell without waiting for you to meet the call.
Crypto perpetuals sit at the other extreme. Many offshore exchanges offer up to 100× or 125× on major pairs, with maintenance near 0.5% and automatic liquidation with no call. Pattern day trader stock accounts get up to 4× intraday buying power, but anything held overnight is still capped at 2×.
How to use this calculator
- Pick Long or Short.
- Enter the position size in dollars (the full notional value of the trade) and the leverage. The calculator derives your margin from them.
- Set the maintenance margin rate from your exchange's tier table. The default is 0.5%.
- Enter the entry price to get the liquidation price and quantity. Add an exit price to see P&L in dollars and as % ROE. If the exit lies beyond the liquidation price, the result shows the margin as lost.
- Read the table for the result of a 1% to 20% move at your leverage.
The calculator is arithmetic on the numbers you enter. It does not recommend using leverage or taking any trade.
Common mistakes and limits
- Entering margin as position size. $1,000 of margin at 10× is a $10,000 position.
- Choosing size by leverage instead of by risk. Leverage decides how close liquidation is. Your loss at the stop is a separate number. Size the trade from the stop distance with the position size calculator, then check that the stop sits well inside the liquidation price.
- Reading ROE as account return. ROE is measured on the margin. A +50% ROE on $1,000 of margin in a $20,000 account is 2.5% of the account. How much of the account to put at risk per trade is a separate question. The Kelly criterion calculator answers it from your win rate and average win and loss.
- What is left out. Fees, funding, maintenance tiers, cross margin and coin-margined inverse contracts. Expect your exchange's liquidation price to sit slightly closer than the figure here.
How to use the Margin & Leverage Calculator
Takes about a minute. No signup, no download, your data stays in your browser.
- 1Open the tool. Scroll up to the Margin & Leverage Calculator above — it loads instantly in your browser, no install needed.
- 2Enter your values. The fields come pre-filled with realistic defaults so you can see how it works — replace them with your own numbers.
- 3Read the result. The output updates instantly. Copy or share it — nothing is uploaded to a server, everything stays on your device.
Frequently asked questions
Common questions about the Margin & Leverage Calculator.
How do you calculate the liquidation price for a long position?
For isolated margin, long liquidation price = entry × (1 − 1/leverage) ÷ (1 − maintenance margin rate). A 10× long from $100 with 0.5% maintenance is liquidated at $90.45, a 9.55% drop. Fees and funding move the real level slightly closer.
How is the liquidation price of a short calculated?
Short liquidation price = entry × (1 + 1/leverage) ÷ (1 + maintenance margin rate). A 10× short from $100 with 0.5% maintenance is liquidated at $109.45, a 9.45% rise. Price has no ceiling, so a short can always be liquidated if the rally runs far enough.
What price move liquidates a 10x leverage position?
With 0.5% maintenance margin, about 9.55% against a long and 9.45% against a short. With zero maintenance it would be exactly 10%. At 20× the distance shrinks to about 4.5%, and at 100× to 0.50%.
How do I calculate profit with leverage?
Profit in dollars is the quantity times the price change, the same as without leverage. Leverage only reduces the margin you put up. Return on margin (ROE) is the price move times leverage, so a 3% move on a $10,000 position at 20× makes $300 on $500 of margin, which is +60% ROE.
What is the difference between isolated and cross margin?
Isolated margin limits the loss to the margin assigned to one position. Cross margin puts the whole account balance behind it. A 10× long of $10,000 from $100 is liquidated at $90.45 isolated, but at $50.25 with a $5,000 cross-margin wallet, by which point about $4,975 has been lost instead of $1,000.
Why is my exchange showing a different liquidation price?
Exchanges include trading fees, funding paid or received, tiered maintenance rates that rise with position size, and sometimes a fixed maintenance amount. In cross margin, every other open position and your free balance change it too. This calculator ignores all of those, so expect the exchange figure to sit slightly closer to your entry.
How much leverage does a stock margin account give?
Regulation T allows 2× (50% initial margin) for positions held overnight, and FINRA requires at least 25% maintenance equity on the current value. At 2× and 25% a margin call comes after a 33.33% drop, at $66.67 per $100 of entry. Pattern day trader accounts can use up to 4× intraday buying power.
Does 1x leverage have a liquidation price?
A 1× long cannot be liquidated above a price of zero, because the position is fully paid for. A 1× short still can. From $100 with 0.5% maintenance it is liquidated at $199.00, a 99% rise.
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