Liquidation Price UX: What Hyperliquid Gets Right

A leverage selector tells traders how much exposure they are taking.

It does not always explain how close the position is to being liquidated.

The question traders need answered before opening a position is:

What price could close this trade for me?

What Hyperliquid gets right

Hyperliquid shows an estimated liquidation price while the trader is preparing an order. After the position is opened, the liquidation price remains visible with the position.

This connects leverage and margin to a real market price.

That matters because liquidation is based on the mark price, which can differ from the latest traded price. With cross margin, the liquidation price can also change as funding, account value and other positions change.

What I would test next

I would show risk in more than one way:

1. Liquidation price

2. Distance from liquidation

3. Current mark price

4. Estimated loss at liquidation

These values should update while the trader changes the order size, leverage or margin.

If a stop loss is added, the interface should show whether it sits safely before the liquidation price. Cross-margin positions should also explain why the displayed price can move after the trade is opened.

The takeaway

Liquidation risk should be clear before the order is submitted.

Showing leverage is not enough. Traders need to see how much room the position has left.