Key facts
- Max leverage 1000x; max position $10M notional.
- Minimum margin $10 and minimum position size $500.
- Entry and exit at the Hyperliquid BTC mid price, with no spread or funding.
- At $80,000, a 1000x long is liquidated after a drop of roughly $42.
BTC-PERP market specs
| Price source | Hyperliquid BTC order-book mid (best bid/offer) |
| Leverage | 1x to 1000x, whole numbers |
| Position size | $500 minimum, $10,000,000 maximum per position |
| Margin | $10 minimum, isolated per position |
| Funding | None |
| Liquidation buffer | About 0.048% of price (read live by the calculator) |
Specs are set in the contract and can change. The terminal always shows the live maximum leverage and your estimated liquidation price before you open.
What each leverage level means in dollars
With BTC at $80,000, this is how far the price can move against a long before liquidation:
| Leverage | Margin for a $10,000 position | Drop to liquidation | Liquidation price |
|---|---|---|---|
| 100x | $100 | ≈ $762 | ≈ $79,238 |
| 250x | $40 | ≈ $282 | ≈ $79,718 |
| 500x | $20 | ≈ $122 | ≈ $79,878 |
| 1000x | $10 | ≈ $42 | ≈ $79,958 |
Bitcoin regularly moves more than $42 within a minute, so a 1000x position is very short-lived unless the market goes your way quickly.
How to open a BTC position
- Open the terminal and connect your wallet.
- Deposit at least 10 USDC if your balance is empty (deposit guide).
- Select BTC, choose Long or Short, enter your margin and set leverage with the slider or quick buttons.
- Check the position size and estimated liquidation price, then confirm. The first time, you sign once to enable one-click trading.
- Close any time from the open positions table. The close settles at the current mid.
Tips for trading BTC at high leverage
- Avoid scheduled news. US inflation data, Fed decisions and large ETF flows can move BTC hundreds of dollars in seconds.
- Split instead of stacking. Positions cannot be modified. Several small positions at different entries give you more control than one large one.
- No funding means no clock. Holding costs nothing, but every minute held is another chance to touch the liquidation price.
- Winning closes on tiny moves keep less. The protocol's impact haircut is steepest on the smallest price moves, so very quick scalps keep a smaller share of the raw gain.
Try it with a small size first
Connect a wallet, deposit at least 10 USDC and start with low leverage.