Skip to main content
As a HIP-3 market, Scape inherits liquidation from HyperCore. Detailed mechanics are in Hyperliquid’s documentation on liquidations and auto-deleveraging.

​
How Liquidations Work

A liquidation occurs when a trader’s account equity falls below the maintenance margin. The position is then closed via market order; partial fills depend on available liquidity. Liquidations use the mark price — Scape positions use the Scape relayer mark price, which is the median of the oracle, the basis-adjusted oracle, and the order-book median. Because Scape markets are isolated only, a liquidation is confined to the affected position and does not draw on collateral held against other markets.

​
Computing Liquidation Price

The estimated liquidation price shown at entry may differ from the actual price as liquidity shifts. The formula is: liq price=price−side×margin availableposition size×11−l⋅side\text{liq price} = \text{price} - \text{side} \times \frac{\text{margin available}}{\text{position size}} \times \frac{1}{1 - l \cdot \text{side}} where l = 1 / maintenance_leverage and side is +1 for longs, −1 for shorts.

​
Off-Hours

Margining and liquidations remain live around the clock against the protocol-determined mark, including while the external assessment is dark. The discovery band caps the published oracle and the funding reference, while the mark can follow the order book through the basis term. On reopen, remaining dislocation converges through normal trading and funding.