Crypto liquidation price calculator: isolated margin

SideA long loses as the price falls; a short loses as it rises

Quote currencyA label only; nothing is converted

Entry priceThe average entry of the position

LeverageFor example 10 for 10x

Maintenance margin rate (%)From your exchange's tier table for this position size

Position size, notional valueOptional; entry price × quantity, for the margin amounts

Estimated liquidation price—

Distance from the entry—

Initial margin rate (1 ÷ leverage)—

Initial margin, can be lost in full—

Maintenance margin at entry value—

Position loss at the estimated price—

Leverage can lose your entire margin. This estimate can be wrong, and the value your exchange shows governs: each exchange has its own formula. Defaults are hypothetical and not a suggested leverage. Leverage is not available to Turkish residents through platforms listed by the Capital Markets Board (SPK, also CMB).

What is liquidation price?

The liquidation price is the level at which an exchange starts to close a leveraged position because the margin left no longer covers what it requires.

With isolated margin, each position has its own margin, so a liquidation is limited to that margin before fees. With cross margin, the rest of the account balance also backs the position, and the price depends on your other positions, which this calculator does not cover. Liquidation is usually judged on a mark price and not the last traded price: Binance's formula uses the mark price, and OKX's page says the liquidation price is based on it.

A position can lose its whole margin in a single move. Leverage does not change what the asset does; it shrinks the price move that wipes out your margin.

Isolated or cross margin

This calculator handles isolated margin only; a cross-margin liquidation price cannot be worked out from one position's numbers.

• Isolated margin: the margin you assign to a position is the most it can lose before fees, and its liquidation price depends only on that position's entry, size, leverage and maintenance margin rate.
• Cross margin: the available equity in the account backs every open position, so the liquidation price moves with your balance, your other positions and their unrealized profit or loss. Each exchange sets its own cross-margin rules, and only the figure it shows applies.

Neither mode makes leverage safe, and this page suggests no mode, leverage or setting. In cross margin, a loss on one position can use up the equity that backs the others.

Liquidation price formula used here

The calculator uses a common approximation for an isolated-margin linear contract, one settled in the quote currency:

Long ≈ entry × (1 − 1 ÷ leverage + maintenance margin rate)

Short ≈ entry × (1 + 1 ÷ leverage − maintenance margin rate)

The position starts with an initial margin of 1 ÷ leverage of its value, and it is liquidated when losses leave only the maintenance margin. So the distance from the entry is the initial margin rate minus the maintenance margin rate. With a position size, the calculator also shows:

Initial margin = position size ÷ leverage

Maintenance margin = position size × maintenance margin rate

The position size is the notional value, entry price × quantity. It does not change the estimated price here, though on a real exchange a larger position can fall into a tier with a higher maintenance margin rate.

Worked example

How is liquidation price calculated on a real exchange?

Each exchange has its own formula, so this estimate will differ from the value on your screen, and that value governs.

• Binance: its FAQ on USDⓈ-M futures, updated 31 December 2025, uses the isolated wallet balance, position size, the maintenance margin rate and a maintenance amount for the position's tier.
• OKX: its help pages describe tiered maintenance margin rates and staged liquidation that can first reduce a position. They say the estimated liquidation price changes continuously and is for reference only.

These pages are cited as documentation only, not as a recommendation. Several things can move the true level away from this estimate:

• trading fees, which the approximation leaves out;
• the maintenance margin tier, which depends on position size;
• funding payments, which OKX says are deducted from the isolated margin and can lead to liquidation; see the funding rate calculator;
• inverse contracts, margined in the coin, for which this linear formula does not apply;
• a gap between the mark price and the price you see, and fills during a fast move.

Where leverage is not available

Leverage is not available on SPK-listed platforms: Article 14 of SPK Communiqué III-35/B.2 says crypto assets listed on platforms cannot be traded with leverage, and it also covers derivatives, margin purchases and short sales.

Article 99/A of Capital Markets Law No. 6362 treats foreign platforms' activity aimed at Turkish residents as unlicensed. This page is general arithmetic for readers elsewhere and is not an offer of, or a route to, leveraged trading. Rules in other countries differ, so check what applies where you live. FINRA's general warning on crypto assets, which does not depend on leverage, calls the risk of losing all of your investment significant.

Fincode does not recommend a leverage level, a position size or a strategy, and it does not manage accounts. Position limits and kill switches in software are covered in trading bot risk management.

Which values to enter

• Side: long or short.
• Entry price: the average entry of the position, in one quote currency. The currency field only changes the label.
• Leverage: from 1 to 500. The calculator accepts this range for the arithmetic and does not suggest a value.
• Maintenance margin rate: from your exchange's tier table for this contract and position size. The 0.5% default is only an example. The rate must be below the initial margin rate, or the result shows an error.
• Position size: optional, for the margin amounts.

Frequently asked questions

How is liquidation price calculated?

For an isolated-margin linear long, a common approximation is entry × (1 − 1 ÷ leverage + maintenance margin rate); for a short, entry × (1 + 1 ÷ leverage − maintenance margin rate). Each exchange has its own formula, and its displayed value governs.

What is the liquidation price at 10x leverage?

On this approximation, with a 0.5% maintenance margin rate, a long is liquidated about 9.5% below the entry. From an entry of 1,500 that is 1,357.50. Your exchange's rate and formula will change the figure.

Can I lose more than my margin?

With isolated margin the loss is normally limited to the margin assigned to that position, and you can lose all of it. Fees and rules for fast markets depend on the exchange, so read its terms.

Does position size change the liquidation price?

Not in this formula. On an exchange it can, because larger positions fall into tiers with higher maintenance margin rates. Enter the rate for your size.

Is leverage available on platforms in Turkey?

No. Article 14 of SPK Communiqué III-35/B.2 bars leveraged trading in crypto assets listed on platforms, and Article 99/A of Law No. 6362 treats foreign platforms' activity aimed at Turkish residents as unlicensed.

Sources

• Binance: How to calculate liquidation price of USDⓈ-M futures contracts (updated 31 December 2025) (opens in a new tab)
• OKX: How do I calculate the liquidation price for futures? (updated 11 August 2026) (opens in a new tab)
• OKX: How does liquidation work in futures trading? (updated 5 August 2026) (opens in a new tab)
• OKX: Perpetual funding fee mechanism (opens in a new tab)
• FINRA: Crypto assets, risks (opens in a new tab)
• Resmî Gazete: SPK Communiqué III-35/B.2, 13 March 2025, no. 32840, Article 14 (Turkish) (opens in a new tab)
• Capital Markets Law No. 6362, consolidated text, Article 99/A (Turkish) (opens in a new tab)

This calculator is general information, not tax, legal or investment advice. Results depend on the values you enter; fees, margin rules and tax rules differ by exchange and country and change over time, so check the official source and ask a licensed adviser about your own situation. Sources, checks and corrections: see the editorial policy.