Liquidation price calculator
How far can the market fall before anything happens?
Set up a loan, then drag the market down. You will see your loan-to-value at every price, when a margin call would come, and exactly how much would be sold if it went further.
Stress-test a loan
Your position
BTC €73,814
- APR, all-in
- 10.9%No fees
- Per month
- €227interest
- Margin call
- €52,725BTC −29%
- Liquidation
- €46,134BTC −38%
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Drag the market down
€25,000 at 50% LTV, from your offer
- BTC price
- —
- Your loan-to-value
- 71%
Margin call: you would have 72 hours to act.
| If BTC falls | Price | Your LTV | What happens |
|---|---|---|---|
| −10% | €66,433 | 56% | Healthy |
| −20% | €59,052 | 63% | Healthy |
| −30% | €51,670 | 71% | Margin call |
| −40% | €44,289 | 83% | Partial liquidation |
| −50% | €36,907 | ≥ 90% | Full liquidation |
| −60% | €29,526 | ≥ 90% | Full liquidation |
| −70% | €22,144 | ≥ 90% | Full liquidation |
The formula
Two prices to know before you borrow.
Your loan-to-value rises as the price of your collateral falls. Two thresholds matter, and each one has a price you can calculate in advance.
Margin-call price = price today × your LTV ÷ 70%
Liquidation price = price today × your LTV ÷ 80%
Example: bitcoin at €73,814, borrowing at 50% → margin call at €52,725 (−29%), partial liquidation at €46,134 (−38%). For USDT and USDC, use 87% and 92%.
What happens at each level
- < 65%Healthy. Nothing to do.
- 65%Early warning in your client area.
- 70%Margin call: 72 hours to top up or repay part, otherwise only enough is sold to return to 65%.
- 80%Partial liquidation: only enough is sold to return to 65%.
- 90%Full liquidation. Any surplus is returned to you.
Thresholds for bitcoin, ether and Solana. Full details in our liquidation policy.
Stay in control
Three ways to move your liquidation price away.
Borrow less of the value
At 30% loan-to-value, bitcoin can fall 57% before a margin call; at 60%, only 14%. The lower tier is also the cheaper one.
Top up your collateral
Add collateral at any time from your client area. Your loan-to-value falls as soon as the deposit is confirmed, and so does your liquidation price.
Repay part of the loan
A partial repayment, in your loan currency or in USDT or USDC, lowers what you owe. There is never a fee to repay.
You are warned before anything happens
Alerts appear in your client area from 65% loan-to-value and, if you allow them, as browser notifications. We never email or call: keep notifications on when markets move.
Questions
Liquidation questions.
What triggers a liquidation, how much is sold, and how to avoid it.
Help centreWhat is a liquidation price?
It is the price of your collateral at which your loan-to-value reaches the liquidation threshold: 80% for bitcoin, ether and Solana, 92% for USDT and USDC. At that point, part of your collateral is sold to bring your loan-to-value back to 65%.
How is the liquidation price calculated?
Multiply today’s price by your loan-to-value and divide by the liquidation threshold. Borrowing at 50% against bitcoin at €73,814, the partial-liquidation price is €73,814 × 50% ÷ 80% = €46,134.
Is the margin-call price the same as the liquidation price?
No. The margin call comes first, at 70% loan-to-value, and gives you 72 hours to add collateral or repay part of the loan. The partial liquidation only happens if the loan-to-value reaches 80%.
How can I lower my liquidation price?
Borrow at a lower loan-to-value, add collateral, or repay part of the loan. Each of these lowers your loan-to-value, which moves your margin-call and liquidation prices further away from the market price.
Does accrued interest change my liquidation price?
Yes, if you let interest accrue instead of paying it monthly: what you owe grows, so your loan-to-value rises slowly and your liquidation price moves up. Paying interest monthly keeps it where it is.
What happens to the rest of my collateral after a partial liquidation?
It stays yours, at its own address. Only the amount needed to return to 65% is sold, with a 1% fee on the amount sold, and your loan continues on the same terms.
Borrow with a cushion.
Choose your loan-to-value with the numbers in front of you. Funds typically within the hour.
- No KYC
- No email, no phone
- Zero fees
- Repay any time