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
0-150M
40
>150M
20
ETH
0-100M
25
>100M
15
SOL
0-70M
20
>70M
10
XRP
0-40M
20
>40M
10
DOGE, kPEPE, SUI, WLD, TRUMP, LTC, ENA, POPCAT, WIF, AAVE, kBONK, LINK, CRV, AVAX, ADA, UNI, NEAR, TIA, APT, BCH, HYPE, FARTCOIN
0-20M
10
>20M
5
OP, ARB, LDO, TON, MKR, ONDO, JUP, INJ, kSHIB, SEI, TRX, BNB, DOT
0-3M
10
>3M
5
Testnet Margin Tiers
The tiers on testnet are lower than mainnet would feature, for ease of testing.
LDO, ARB, MKR, ATOM, PAXG, TAO, ICP, AVAX, FARTCOIN - testnet only
0-10k
10
>10k
5
DOGE, TIA, SUI, kSHIB, AAVE, TON - testnet only
0-20k
10
20-100k
5
>100k
3
ETH - testnet only
0-20k
25
20-50k
10
50-200k
5
>200k
3
BTC - testnet only
0-10k
40
10-50k
25
50-100k
10
100k-300k
5
>300k
3
Last updated