Hyperliquid allows up to 50x leverage, but the max varies by asset. BTC supports up to 40x, ETH up to 25x, major altcoins 10x to 20x, and smaller tokens 3x to 5x. Stock perps cap at 20x. 10X exposes those Hyperliquid limits in a simpler iOS and desktop interface so traders can see position size, liquidation risk, and leverage before confirming a trade.
| Asset category | Examples | Max leverage |
|---|---|---|
| BTC | BTC | 40x |
| Major crypto | ETH, SOL, BNB | 20x-25x |
| Mid-cap crypto | LINK, AVAX, HYPE, ARB | 10x-20x |
| Small-cap / meme | WIF, PEPE, FARTCOIN | 3x-5x |
| Stock perps | AAPL, TSLA, NVDA | 20x |
| Commodity perps | PAXG (gold) | 20x |
Smaller markets get lower max leverage because their order books are thinner. A $1M liquidation on a 50x position in a low-liquidity market would destroy the book. Hyperliquid's risk engine prevents this by capping leverage where liquidity can't support it.
Leverage multiplies your exposure. 10x leverage means a $100 deposit controls a $1,000 position. If the price moves 1% in your favor, you make $10, a 10% return on your $100. If it moves 1% against you, you lose $10.
Higher leverage doesn't change fees or funding. You pay the same 0.035% taker fee whether you're at 1x or 40x. The difference is how close your liquidation price sits to your entry.
For swing trades (holding hours to days): 3x to 5x. This gives you room for normal market noise without getting stopped out. BTC can move 5% in a day easily. At 5x, that's a 25% account swing. At 20x, that's 100%, meaning liquidation.
For scalping (in and out in minutes): up to 10x is reasonable if you're using tight stops. You're not holding long enough for a major move to hit you.
For hedging: match the leverage to your hedge ratio. If you're hedging a $10,000 spot position, a 1x short for $10,000 is a full hedge. 2x gives you twice the short exposure you need.
Rule of thumb: if a normal day's price action would liquidate your position, your leverage is too high.
Leverage is where mobile trading apps can become dangerous if they hide the risk. 10X is designed to keep the core numbers visible before you trade: collateral, notional position size, leverage, and liquidation price.
That matters on iPhone because most traders are making faster decisions on a smaller screen. A good Hyperliquid mobile app should make the risky part obvious, not bury it behind terminal-style controls.
Yes. On Hyperliquid you can adjust leverage on an open position. Increasing leverage tightens your liquidation price. Decreasing it loosens it. Both happen instantly with no fee.
No. Trading fees are based on notional size, not leverage. A $10,000 position at 1x and a $10,000 position at 10x pay the same fee. The leverage just determines how much of your own money backs the position.
Most profitable perp traders use 3x to 5x leverage on average. Some use 10x for short-term trades. Very few consistently profitable traders use above 20x.
Two reasons: you can go short (which you can't do on spot), and your collateral stays as USDC instead of converting to the asset. Some traders prefer holding stablecoins and using 1x perps for directional exposure.
Yes. In extreme market conditions, if the insurance fund can't cover a liquidation, Hyperliquid may auto-deleverage profitable positions on the other side. This is rare and only happens during market crashes.
Download the iOS app or open the desktop app. Self-custodial. No KYC. 150+ markets.
Last updated 2026-05-17