> For the complete documentation index, see [llms.txt](https://hyperliquid.gitbook.io/hyperliquid-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperliquid.gitbook.io/hyperliquid-docs/trading/margin-tiers.md).

# Margin tiers

Like most centralized exchanges, the tiered leverage formula on Hyperliquid is as follows:

`maintenance_margin = notional_position_value * maintenance_margin_rate - maintenance_deduction` 

On Hyperliquid, `maintenance_margin_rate` and `maintenance_deduction` depend only on the margin tiers, not the asset.

`maintenance_margin_rate(tier = n) = (Initial Margin Rate at Maximum leverage at tier n) / 2` . For example, at 20x max leverage, `maintenance_margin_rate = 2.5%`.

Maintenance deduction is defined at each tier to account for the different maintenance margin rates used at previous tiers:

`maintenance_deduction(tier = 0) = 0`   

`maintenance_deduction(tier = n) = maintenance_deduction(tier = n - 1) + notional_position_lower_bound(tier = n) * (maintenance_margin_rate(tier = n) - maintenance_margin_rate(tier = n - 1))` for `n > 0` 

In other words, maintenance deduction is defined so that new positions opened at each tier increase maintenance margin at `maintenance_margin_rate` , while having the total maintenance margin be a continuous function of position size.

Margin tables have unique IDs and the tiers can be found in the `meta` Info response. For IDs less than 50, there is a single tier with max leverage equal to the ID.

### Mainnet Margin Tiers

Mainnet margin tiers are enabled for the assets below:

#### BTC

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-150M                         | 40           |
| >150M                          | 20           |

#### ETH

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-100M                         | 25           |
| >100M                          | 15           |

#### SOL

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-70M                          | 20           |
| >70M                           | 10           |

#### XRP

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-40M                          | 20           |
| >40M                           | 10           |

#### AAVE, ADA, APT, AVAX, BCH, CRV, DOGE, ENA, FARTCOIN, HYPE, kBONK, kPEPE, LINK, LTC, NEAR, PUMP, SUI, TRUMP, UNI, WLD, ZEC

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-20M                          | 10           |
| >20M                           | 5            |

#### ARB, BNB, DOT, JUP, kSHIB, MKR, ONDO, PAXG, TON, TRX, XPL

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-3M                           | 10           |
| >3M                            | 5            |

### Testnet Margin Tiers

The tiers on testnet are lower than mainnet, for ease of testing. 

#### ARB, ATOM, AVAX, FARTCOIN, ICP, TAO - testnet only

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-10k                          | 10           |
| >10k                           | 5            |

#### DOGE, TIA, SUI, kSHIB, AAVE, TON - testnet only

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-20k                          | 10           |
| >20k                           | 5            |

#### ETH - testnet only

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-20k                          | 25           |
| 20-50k                         | 10           |
| >50k                           | 5            |

#### BTC - testnet only

| Notional Position Value (USDC) | Max Leverage |
| ------------------------------ | ------------ |
| 0-10k                          | 40           |
| 10-50k                         | 25           |
| >50k                           | 10           |


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://hyperliquid.gitbook.io/hyperliquid-docs/trading/margin-tiers.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.