Crypto Futures & Liquidation Price Calculator
Where a leveraged crypto position is liquidated, and what it makes or loses.
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- Free preview: the liquidation price in full, with the first rows of each table (up to 3) and a watermarked chart; every other figure is hidden.
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Net PnL at each exit price
What each price move does
How this was calculated
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For education only, not investment advice: no tool here tells you what to buy, sell or hold. Results use only the figures you enter, the files you load (read in your browser, never uploaded) and the published rules each page names. Check them against your broker's or exchange's own figures, and consider a licensed or registered adviser for advice on your situation.
About the Crypto Futures & Liquidation Price Calculator
A leveraged crypto future is closed out — liquidated — when its margin falls to the maintenance margin the exchange asks for. This calculator works out that liquidation price from your own position: linear contracts margined in a stablecoin such as USDT or USDC, or inverse contracts margined in the coin, in isolated or cross margin, with your exchange’s maintenance-margin tiers and your maker and taker fees. Beside it you get the PnL and ROE at an exit price, the exit price for a target ROE before and after fees, the largest position a balance opens and the average entry of several fills.
The tiers matter: a bigger position pays a higher maintenance rate, so the calculator checks the tier again at the liquidation price and works the price out again if the position falls into another one. Every figure comes from the numbers you type: nothing is sent anywhere, and no market data is used.
It follows the formulas exchanges publish for USDⓈ-margined and coin-margined futures, so it works for any exchange that uses them; the tiers, fees and leverage are always yours.
How to use it
- Choose linear (margined in a stablecoin) or inverse (margined in the coin), long or short, and isolated or cross margin.
- Enter the entry price, the size (coin, or contracts and the value of one contract) and the leverage. For cross margin, add your wallet balance and your other positions’ maintenance margin and unrealised PnL.
- Under Maintenance-margin tiers, copy the rows of your exchange’s leverage and margin table for this contract: up to which position value each tier runs, its rate and its maintenance amount. One row is enough if your position stays in the first tier.
- Under Fees, enter your maker and taker rates and which one your entry and exit orders pay; add a closing fee if your exchange keeps one back at liquidation.
- Read the liquidation price and its distance from the entry, then the PnL, ROE, target price and largest position; copy the summary or download the price-move table as CSV — with a pass, or after unlocking this result.
Examples
Long 0.1 DEMO (a fictional coin) at 30,000 USDT, 10× leverage, maintenance rate 0.4%, amount 0; exit 31,500; taker fee 0.05% on entry and exit
Liquidation price 27,108.43 (−9.64%) · initial margin 300.00 · PnL +150.00, ROE +50% · fees 3.08 (3.075) · net +146.93
Entry 30,000, leverage 10×, ROE wanted 29%, before fees
Long: 30,000 × (1 + 0.29 ÷ 10) = 30,870.00 · short: 29,130.00
Wallet balance 1,000 USDT, no other positions
Liquidation price 20,080.32: the whole wallet stands behind the position
100 contracts of 100 USD at 30,000, 10×, maintenance rate 0.4%; exit 31,500
PnL +0.015873 DEMO · liquidation price 27,381.82
Common uses
- Check how far the price can move against a position before it is liquidated, for the leverage you plan.
- See how adding margin or switching to cross margin moves the liquidation price.
- Find the exit that gives the ROE you want once fees are paid.
- Work out the largest position your balance opens within the tiers’ leverage limits.
- Average several fills into one entry price for a position you built in steps.
The formulas
- Linear (margined in the quote): initial margin = size × entry ÷ leverage; PnL = side × size × (exit − entry); ROE = PnL ÷ initial margin; target = entry × (1 + side × ROE ÷ leverage), as in Binance’s futures calculator guide.
- Linear liquidation price: LP = (WB − TMM + UPNL + cum − side × size × entry) ÷ (size × MMR − side × size), the one-way form of Binance’s USDⓈ-M liquidation guide. WB is the position’s margin (isolated) or your wallet balance (cross); TMM and UPNL are your other positions’ maintenance margin and unrealised PnL (0 in isolated margin); MMR and cum are the rate and maintenance amount of the tier.
- Inverse (margined in the coin, contracts worth CV each): initial margin = B × CV ÷ (entry × leverage); PnL = side × B × CV × (1 ÷ entry − 1 ÷ exit); target = side × entry ÷ (side − ROE ÷ leverage); LP = (B × MMR + side × B) ÷ ((WB − TMM + UPNL + cum) ÷ CV + side × B ÷ entry), from Binance’s COIN-M liquidation guide.
- Maintenance margin = position value × the tier’s rate − its maintenance amount, the tier chosen by the position value (how tiers work). The calculator finds the liquidation price with the tier at entry, checks which tier the position value falls in at that price, and solves again with that tier until they agree.
- Fees: position value × your rate, on entry and on exit. The target after fees is the exit at which the ROE net of both fees is the one you asked for.
- Average entry: linear Σ(size × price) ÷ Σ size; inverse Σ contracts ÷ Σ(contracts ÷ price), the entry that gives the same PnL in coin at every exit.
Bybit’s calculator guide prints a target of “around 7,280 USDT” for a 29% ROE on a long at 10× from 30,000. A long gains only when the price rises, and its own formula gives 30,870.
Reading the results
- Liquidation price is a mark price: exchanges trigger liquidation on their mark price, not the last traded price, so a brief spike in trades does not reach it, and a move in the index can.
- Distance says how far the price can move against you before liquidation: at 10× with a 0.4% maintenance rate it is a little under 10%.
- ROE is the PnL against the initial margin, the way exchanges show it; the net figures take off the entry and exit fees you entered.
- Maintenance margin is shown at the entry and at the liquidation price, with the tier used for each.
- In cross margin your other positions are taken as they are now; when their prices move, the liquidation price of this one moves too.
- None above 0 means the margin covers a fall of the price to 0 (a long at about 1×); an inverse short with its whole value in coin margin is never liquidated by a rise.
What it leaves out
Funding payments (the funding rate calculator works them out; they come out of your margin and move the liquidation price), slippage and gaps past the liquidation price, the insurance fund and auto-deleveraging, hedge-mode positions, multi-asset and portfolio margin, and any rounding to the price tick your exchange applies. Some exchanges work out the maintenance margin on the entry value, or keep back an estimated closing fee — enter that fee in the closing-fee field. Check every result against your exchange’s own calculator before you trade.
Limitations
- Tiers, fees and leverage limits are not preset: copy them from your exchange’s page for the contract, because they differ by exchange and change.
- One-way positions only: hedge mode, multi-asset and portfolio margin are not modelled.
- Cross margin takes your other positions’ PnL and maintenance margin as fixed inputs.
- Funding, slippage and price gaps are left out; a fast market can liquidate a position beyond its liquidation price.
- It calculates from your numbers and uses no market data: it says nothing about where any price is going.
Privacy
Everything happens in your browser. What you enter or open here is not uploaded or stored by MySmartCoPilot.
Frequently asked questions
What do I get without a pass?
Without a pass, Crypto Futures & Liquidation Price Calculator shows the liquidation price in full, with the first rows of each table (up to 3) and a watermarked chart; every other figure is hidden. Until you unlock it, the result can’t be downloaded or copied. A Pro, Premium or Ultimate pass, a one-time payment that never renews, unlocks the full result. The pricing page lists the passes and their prices.
How is the liquidation price of a crypto future worked out?
It is the mark price at which your margin balance falls to the maintenance margin. For a linear isolated long of 0.1 coin at 30,000 with 10× leverage, the margin is 300 and a 0.4% maintenance rate gives (300 − 0.1 × 30,000) ÷ (0.1 × 0.004 − 0.1) = 27,108.43; there the margin left, 10.84, equals the maintenance margin, 0.4% of the position’s value of 2,710.84.
Why does my exchange show a slightly different liquidation price?
Exchanges round to the price tick, take fees and funding out of the margin, use their own tier table and mark price, and some work out the maintenance margin on the entry value or keep back a closing fee. Enter your exchange’s tiers and fees here, and the closing fee if it keeps one back, and the gap usually closes to a tick or two.
What is the difference between isolated and cross margin?
In isolated margin only the margin you put on the position can be lost, so its liquidation price is close to the entry. In cross margin your whole wallet balance supports the position: the same 0.1-coin long at 30,000 with a 1,000 USDT wallet is liquidated at 20,080.32 instead of 27,108.43, but a liquidation then costs the wallet, not just the position’s margin.
How do maintenance-margin tiers change the liquidation price?
Larger positions pay a higher maintenance rate, less a maintenance amount that keeps the margin continuous between tiers. A long of 5 coins at 60,000 with a wallet of 30,000 in a tier of 1% and 1,300 is liquidated at 54,282.83. A long falls in value as the price falls, so it can drop into a lower tier at the liquidation price: the calculator checks that and works the price out again with the right tier.
What is an inverse (coin-margined) contract?
Each contract is worth a fixed amount in dollars (for example 100 USD), while margin, PnL and fees are paid in the coin. The PnL is contracts × contract value × (1 ÷ entry − 1 ÷ exit): 100 contracts of 100 USD bought at 30,000 and sold at 31,500 make 0.015873 coin. Because the margin is the coin itself, a long loses on both the position and the margin when the price falls.
How do I find the exit price for a target ROE?
For a linear long, multiply the entry by (1 + ROE ÷ leverage): a 29% ROE at 10× from 30,000 needs 30,870; a short needs 29,130. The calculator also gives the exit after the entry and exit fees, which is a little further away.
Does it work for my exchange?
It uses the formulas exchanges publish for USDⓈ-margined and coin-margined futures, so it works for any exchange that follows them, in any country. The tiers, fees and leverage limits are the ones you type, so check them against your exchange’s own pages.