Enter a trade to see the price at which it would be liquidated. The calculator uses the formula Bybit publishes for USDT perpetual contracts in isolated margin mode and the maintenance margin rates from Bybit's own data. Then test the same leverage on real 4-hour candles and see how long it lasts.
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Each trade shows 10 days of real 4-hour candles from one of five Bybit USDT perpetuals, with the date hidden. Choose long or short and a leverage, open the position at the last close with $1,000 of margin, and watch the next 14 days. You can close early. If the mark price reaches your liquidation price, the margin is gone. Five trades make one game, starting from a $10,000 play balance.
Candles: last traded price. Gold line: Bybit mark price, which decides liquidation. Red dashed line: your liquidation price. The shaded area is where the next 14 days will appear.
Pick a contract, long or short, the entry price, the leverage and the margin you put up. The position value is the margin times the leverage. That value sets the risk limit tier, and each tier has its own maintenance margin rate, the minimum margin that has to stay in the position. Bybit's help center puts it this way: "When unrealized losses cause the position margin in a position or account to fall below the required maintenance margin level, liquidation will be triggered." The liquidation price is the price where that happens.
For a long position, Bybit gives the liquidation price as (entry price × size - entry price × size ÷ leverage - MM deduction) ÷ (size - size × maintenance margin rate). For a short, every minus sign in the formula becomes a plus sign. The calculator leaves out Bybit's optional extra margin term. In the first tier there is no deduction, so a long works out to entry × (1 - 1 ÷ leverage) ÷ (1 - rate). A 10x long on BTCUSDT at $100,000, with the first-tier rate of 0.33%, is liquidated at $90,297.98, a fall of 9.70%.
Bybit does not use the last traded price, the one on a normal candlestick chart, to decide a liquidation. Its help center says: "Liquidation is triggered by the Mark Price, not the Last Traded Price (LTP). As a result, the liquidation price may not always be visible on the default candlestick chart." Bybit describes the mark price of a perpetual contract as a global spot price index plus a decaying funding basis, which "can be considered to reflect the real-time Spot price on the major exchanges," and says it uses this dual-price approach so that a futures price pushed far from the spot price does not set off mass liquidations. Bybit also uses the mark price to measure unrealized profit and loss.
That is why the game draws the mark price as a gold line over the candles, and why a wick can cross your liquidation line without closing the position. In the test below this happened 418 times: positions that survived even though the last traded price touched their liquidation price, because the mark price did not.
We opened a position at one 4-hour close per day in all five contracts, long and short, with $1,000 of margin, from each contract's first day in the data to September 2026, and held it for up to 14 days. A position counted as liquidated when the mark price reached its liquidation price, using the risk limit tiers Bybit published on September 25, 2026.
| Leverage | Move to liquidation, BTCUSDT long / short | Liquidated within 14 days, BTCUSDT | All five contracts | Median time to liquidation |
|---|---|---|---|---|
| 2x | -49.8% / +49.5% | 0.1% | 1.8% | 8.8 days |
| 5x | -19.7% / +19.6% | 9.6% | 18.6% | 7.3 days |
| 10x | -9.7% / +9.6% | 31.5% | 44.7% | 4.7 days |
| 20x | -4.7% / +4.7% | 60.5% | 69.7% | 2.3 days |
| 50x | -1.7% / +1.7% | 85.6% | 89.1% | 12 hours |
| 100x | -0.7% / +0.7% | 93.6% | 94.2%* | 8 hours |
*100x is only available on BTCUSDT and ETHUSDT with $1,000 of margin, so that row covers those two.
At 10x, 44.7% of all positions were liquidated within two weeks, and 31.5% on BTCUSDT alone. At 50x the liquidation price sat about 1.7% away on BTCUSDT, and 89.1% of all positions were liquidated, half of them within 12 hours. BTCUSDT on its own had lower rates than the five-contract average at every leverage.
The game charges 0.1% of the position value on every fill, the same cost used in all our real-data games. Because the position is the margin times the leverage, the fee grows with leverage: at 50x, $1,000 of margin controls $50,000, each fill costs $50, and opening plus closing takes 10% of the margin before the price has moved at all.
The leverage guide explains how leverage multiplies gains and losses, the margin calculator covers margin calls on a stock account, and the stop loss simulator lets you practice exits without leverage.
Educational, not financial advice. Leveraged trading can lose the whole margin within hours, as the table shows. This page explains how liquidation prices are calculated. It does not recommend opening any position.
The price at which a leveraged position is closed because its margin has fallen to the maintenance level. Bybit's help center says that when the mark price reaches the liquidation price, the position is settled at the bankruptcy price, which it describes as the 0% margin price level.
The bankruptcy price is where the margin would be exactly zero. Bybit gives it as entry × (1 - 1 ÷ leverage) for a long and entry × (1 + 1 ÷ leverage) for a short in isolated margin. The liquidation price sits a little closer to the entry, because the maintenance margin has to stay in the position.
Because Bybit checks the mark price, not the last traded price that draws the candles. In the game the gold line is the mark price. A short spike in trading can pass your level while the mark price stays on the safe side.
The rate of the risk limit tier that fits your position value, from Bybit's public risk limit data fetched on September 25, 2026. The first tier covers positions up to $300,000 at 0.33% for BTCUSDT and ETHUSDT, up to $50,000 at 0.5% for SOLUSDT and XRPUSDT, and up to $250,000 at 0.75% for DOGEUSDT. Larger positions move into tiers with higher rates and lower maximum leverage.
Lower leverage moves the liquidation price further away. In the calculator, a 5x long on BTCUSDT is liquidated after a fall of about 19.7%, while a 50x long goes after about 1.7%. Bybit also lets traders add margin to an isolated position, which moves the liquidation price too, but this calculator does not model that.