Liquidation

Every leveraged perp position has a liquidation price. If the market reaches it, the venue closes your position to stop the loss from growing past your margin. Prow shows how close each position is, and warns you before it gets there.

What triggers liquidation

Liquidation uses the mark price, not the last trade price. The mark price is the venue's fair price for the market. It moves less on a single large trade, so one spike in the order book does not liquidate you on its own.

• A long is liquidated when the mark price falls to the liquidation price.
• A short is liquidated when the mark price rises to the liquidation price.

The venue calculates the liquidation price. Prow shows the number the venue reports. It changes when you add or remove margin, change the size, or (on cross margin) when your balance changes.

Spot has no liquidation. You only see liquidation prices on perps.

Distance to liquidation

Prow turns the liquidation price into a percentage: how far the mark price must move before liquidation.

For example, a BTC long with mark 64,250 and liquidation 51,880 is 19.3% away. BTC has to fall 19.3% before the venue liquidates it.

The color of the distance tells you how close it is, everywhere Prow shows it (the positions on Portfolio and Trade, the position itself):

On a position

Open any position to see the Distance to liquidation bar. It shows these marks on one line:

• Liq: the liquidation price.
• Entry: your average entry price.
• Mark: the current mark price, shown as a ring.
• TP and SL: your take profit and stop loss, if you set them.

The segment from entry to mark is green when you are in profit and red when you are in loss.

When a position is under 10% away, the bar sits in a red risk card. It lists:

• Liquidation at the price.
• What you can lose: Lose $X isolated margin on isolated, or Cross: losses draw on your whole balance on cross.
• No stop loss set, if the position has none.

Set stop loss next to the last line opens the TP/SL window on the stop loss. The Add margin button at the bottom of the position (Margin on cross) turns black while the position is this close.

No liquidation price

Some positions show No liquidation price (or None in the table). This means your balance covers the position at any price right now. It can change if you open more positions or your balance drops.

Cross vs isolated

The margin mode decides what is at risk.

Cross margin uses your whole account balance on that venue as margin. Profits on one position support the others. A loss on one position also eats into the balance that protects the rest. The liquidation price moves when your balance or your other positions change.

Isolated margin uses only the margin you put into that position. If it is liquidated, you lose that margin and nothing else. Other positions do not move its liquidation price.

How to move liquidation away

You have three levers. Which ones work depends on the margin mode.

Add margin (isolated)

The quickest way: Add margin next to the position in Portfolio's Needs attention. Pick $100, $250, $500 or $1,000, or type an amount, check the liquidation price and the distance to it before and after, and tap Add $250 margin (the button says the amount). It starts on the smallest amount that moves liquidation 20% away, when your balance allows.

From the position itself:

1. Open the position

   Tap the position on Portfolio or in Trade's positions panel.

2. Open Adjust margin

   Tap Add margin at the bottom of the position.

3. Choose Add margin and an amount

   Keep Add margin selected. Type an amount in Amount (USDC), or tap a quick amount. When you have enough balance, one quick amount is sized to move liquidation 20% away from the mark price.

4. Check the preview and confirm

   The box shows Position margin, Effective leverage, Liq. price and Distance to liq. before and after. The new liquidation price is an estimate. The venue recalculates it.

The margin comes from the available balance of the same venue account. You can also choose Remove margin to take spare margin back. If you add too little, Prow shows Still under 10% from liquidation.

Add funds (cross)

On cross, the Margin window does not move money into one position. Your whole balance is the margin. To push liquidation away, deposit more to that venue (Deposit at the top of Portfolio), or lower the size.

Lower the size

Close part of the position. A smaller position needs less margin, so the same margin covers a bigger move. Tap Close (or Close position on the position) and pick 25%, 50% or 75%.

Lower leverage

Tap the leverage button at the bottom of the position (for example 5×). This opens Adjust leverage.

• On isolated, lower leverage moves more of your balance into the position. The window shows the new Liq. price and Distance to liq.
• On cross, lower leverage locks more margin but does not move the liquidation price. Prow says so in the window. Add funds, lower the size or set a stop loss instead.

Portfolio sorts by risk

Portfolio lists open positions closest to liquidation first. The riskiest position is always at the top, across Hyperliquid, Aster and Lighter. Positions without a liquidation price go last.

On a computer, the Liq. price column shows the price and how far away it is under it, for example 9.0% away. On a phone, each position card shows Liq. price with the price and the distance.

A position closer than your liquidation warning distance also shows at the top of Portfolio, in Needs attention, with Add margin and Close.

Get warned before it happens

Prow can send you a push when a position gets within 5%, 10% or 20% of liquidation, and again at half that distance. This works even when the app is closed. See Price and liquidation alerts.