Hyperliquid Futures Calculator
Liquidation, funding and fees on Hyperliquid, from the venue's own published parameters.
Three calculations decide what a Hyperliquid position costs and where it ends: the price the venue takes it away from you, what holding it costs per funding interval, and what the round trip costs in fees. Each opens below with Hyperliquid's published numbers already filled in.
Hyperliquid calculators
Each page carries Hyperliquid's own parameters for BTC-USD and cites the documentation they came from.
Liquidation price for BTC-USD on Hyperliquid, using Hyperliquid's own margin tiers.
What a BTC-USD perpetual costs to hold on Hyperliquid, per interval and per year.
Break-even and round-trip cost on Hyperliquid's published BTC-USD fee schedule.
Hyperliquid published parameters
For BTC-USD, as published on 2026-08-07. Other symbols have their own tiers and caps — check yours before sizing.
| Parameter | Value |
|---|---|
| Maximum leverage | 40× |
| Base maintenance margin rate | 1.25 % |
| Margin tiers | 2 tiers, rate up to 2.50 % |
| Funding interval | every 1h (24 a day) |
| Funding rate cap | 4.00 % |
| Maker fee | 0.015 % |
| Taker fee | 0.045 % |
Sources — Hyperliquid documentation
Every rate and formula on this page is taken from Hyperliquid's own documentation for BTC-USD and was last checked on 2026-08-07. Exchanges revise these tables without notice.
- Liquidations and the maintenance margin trigger
- Margining: maintenance is half the initial margin at max leverage
- Margin tiers and the maintenance deduction
- API: perpetuals metadata, including the margin tables
- Funding rate formula, hourly settlement and the clamps
- Contract specifications, including the hourly funding schedule
- Fee schedule by 14-day volume, and the staking discount
- Builder codes — the extra fee a front-end may charge on top
Independent tool, not affiliated with or endorsed by Hyperliquid. Confirm against your position's own margin details before trading.
Calculations that do not depend on the venue
Position size, PnL and the risk-reward ratio work the same way on any exchange.
The same calculation on other exchanges
Margin ladders differ enough to move the liquidation price on identical inputs.
Trading futures on Hyperliquid
Hyperliquid runs an on-chain order book with its own margin rules, and almost everything worth calculating before a trade there comes down to three published parameters: the leverage cap that decides the maintenance rate, the fee schedule, and the hourly funding interval. This page collects the three calculators that work from those parameters rather than from generic assumptions.
None of them needs an account, an API key or a wallet connection. Everything is computed in the browser from the figures you enter and from tables taken from Hyperliquid's own documentation, with the date they were checked printed alongside.
What to calculate before a trade here, and in what order
Order matters more than the formulas. Size first: position size follows from the loss you accept and the distance to your stop, and leverage plays no part in it — it only decides how much margin you post. Then the liquidation price, which tells you whether the stop sits inside the range you control or whether the engine takes the position first.
Costs come last, and on this venue they split unusually. The trading fee is charged whatever happens. Funding is charged every hour rather than every eight, so it accumulates on a shorter clock than the habits formed on Binance or Bybit expect.
Three things about Hyperliquid that change the numbers
First, the maintenance rate is derived, not published. Hyperliquid states that maintenance margin is half the initial margin at the tier's maximum leverage, so BTC at a 40× cap carries a 1.25% maintenance rate — roughly three times what the ladder venues charge at the same size. The liquidation sits closer as a result.
Second, funding settles hourly. The interest component works out to the same annual figure as the 8-hour venues, but the timing is finer and a position held through a working day pays eight times rather than once.
Third, a liquidation has two outcomes rather than one. If the book absorbs the position, whatever collateral survives is yours; if equity falls below two thirds of the maintenance margin first, the liquidator vault takes it over and the maintenance margin is not returned.
Fees, and the fee that is not Hyperliquid's
The published schedule is 0.015% maker and 0.045% taker at the base tier, stepping down with 14-day rolling volume — a shorter window than the 30-day one used elsewhere, which moves an intermittent trader between tiers faster in both directions. Staking HYPE applies a further multiplier of 5% to 40%.
The part that is easy to miss is builder codes. An application built on Hyperliquid may attach its own fee of up to 0.1% on perpetuals, more than double the venue's taker rate, and it appears in no Hyperliquid fee table. If you trade through a third-party interface, add it to both legs before trusting a break-even number.
How this differs from the calculator in the Hyperliquid interface
The built-in preview works from your live account and margin mode, but it requires a connected wallet and does not show which parameters produced the number. These pages work the other way round: the parameters are visible, the tier ladder is printed in full, and every figure carries a link to the Hyperliquid document it came from and the date it was verified.
The liquidation calculation models isolated margin. In cross margin the whole account backs every position and a single position's liquidation price stops being a self-contained quantity — there, read the result as a floor on the risk rather than a level to watch.
FAQ
What does the Hyperliquid calculator on this site work out?
Three things from the venue's published parameters: the liquidation price from the derived maintenance ladder, the funding cost per hourly interval and annualised, and the break-even price and round-trip cost from the maker and taker rates. Position size and profit are handled by the generic calculators, because that arithmetic does not depend on the venue.
What is the maximum leverage on Hyperliquid?
40× on BTC, dropping to 20× above 150 million USD of notional; other assets are capped lower, some as low as 3×. Because maintenance margin is defined as half the initial margin at the cap, a lower cap also means a higher maintenance rate.
Is Hyperliquid's liquidation price different from a centralised exchange's?
The equation is the same; the inputs are not. The maintenance rate is higher, the tier ladder is two rungs deep instead of a dozen, and the trigger uses a mark price that is a median of three sources rather than the venue's own book.
Do I need an account or a wallet to use these calculators?
No. Nothing connects to an account and nothing leaves the browser. The trade-off is that the current funding rate and your own fee tier are not pulled in — take them from the venue and type them into the fields.
How current are the numbers on these pages?
The margin tiers, leverage caps and funding parameters are refreshed from Hyperliquid's public API and carry the date they were last verified. They are a dated snapshot rather than a live feed, and the fee schedule is maintained by hand against the documentation linked on each page.