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THORChain · RUNE

THORChain Liquidation Price Calculator

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

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Result

Enter values to see the result.

Using the THORChain Liquidation Price Calculator

Leverage on RUNE perpetuals turns a modest move into a total loss of margin. This calculator shows the RUNE 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 RUNE 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%. RUNE is mechanically leveraged to total network liquidity, so it tends to move further than the assets it swaps in both directions. 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.

THORChain at a glance

Launched
Mainnet 2021
Role
Cross-chain swaps of native assets, no wrapping involved
Design
Every pool is paired against RUNE
Total supply
~354,000,000 RUNE
Security
Node operators must bond RUNE worth more than the assets they secure
History
Its lending product ran into a solvency crisis that forced a restructuring

Frequently asked questions

At what price does my RUNE long get liquidated?
Approximately your entry price × (1 − 1/leverage), adjusted for maintenance margin. A 10× RUNE 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 RUNE 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 RUNE calculators

📖 Learn more

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

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