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.
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
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