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Sky Liquidation Price Calculator

Find the exact Sky (SKY) price that liquidates your leveraged position. Prefilled with the live SKY price — set your leverage and direction.

Inputs

Result

Enter values to see the result.

Using the Sky Liquidation Price Calculator

Leverage on SKY perpetuals turns a modest move into a total loss of margin. This calculator shows the SKY price at which your position gets force-closed, given your entry, your leverage and which side you are on. The entry field starts at the live SKY price so the distance to liquidation is a real number, not a hypothetical.

The rule of thumb: at N× leverage, roughly a 100/N percent move against you wipes the margin. At 10× that is about 10%; at 25× it is about 4%. SKY tracks demand for USDS and the protocol's collateral income, and reacts to governance decisions about the savings rate. Compare that number honestly against the distance the calculator gives you before you place the order.

Two adjustments the raw formula does not make. Maintenance margin means liquidation triggers slightly before the theoretical zero — the field above lets you enter your exchange's rate. And on perpetuals you also pay funding, which slowly erodes margin on the crowded side of the trade and can pull the liquidation point closer over a long hold.

Sky at a glance

Launched
MakerDAO 2017; renamed to Sky in September 2024
Conversion
1 MKR → 24,000 SKY; DAI → USDS one-for-one, both reversible
Total supply
~23,460,000,000 SKY
Stablecoins
USDS alongside DAI, which still circulates
Savings
USDS holders can earn the Sky Savings Rate
Native staking
Yes — SKY can be staked for governance-set rewards

Frequently asked questions

At what price does my SKY long get liquidated?
Approximately your entry price × (1 − 1/leverage), adjusted for maintenance margin. A 10× SKY long is liquidated by roughly a 10% drop; a 20× long by roughly 5%. Enter your numbers above for the exact level.
Does adding margin move the SKY liquidation price?
Yes — adding margin to an isolated position lowers effective leverage and pushes the liquidation price further away. In cross margin your whole balance backs the position, which moves the level further out but puts the rest of your account at risk.
Why did I get liquidated before the price I calculated?
Three usual reasons: maintenance margin bites before the theoretical level, accumulated funding payments have eaten into your margin, and exchanges liquidate against the mark price (an index) rather than the last trade on that one venue — a wick on a single exchange can differ.
How is liquidation price calculated?
For an isolated long: liq ≈ entry × (1 − 1/leverage + maintenance margin). Higher leverage moves liquidation closer to your entry.
What is maintenance margin?
It's the minimum equity the exchange requires to keep a position open. Falling below it triggers liquidation.

More SKY calculators

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Prefer the generic version without SKY presets? Open the Liquidation Price Calculator.

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For educational purposes only. Rates, fees and protocol parameters change — verify current figures with your exchange or validator before acting. Not financial advice.