Leverage

Leverage lets you control a position larger than the margin backing it, which magnifies gains and losses in exactly the same proportion. The number that matters is not the multiplier you select but the distance between your entry and your liquidation price, and that distance shrinks as leverage rises. These guides cover how Hyperliquid calculates margin and liquidation, the difference between cross and isolated mode, how to size a position so a normal move cannot end it, and what actually happens when a position is liquidated.

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