Leverage looked free until it wasn't.

Leverage kills quietly. The Lab shows you the number.

At 20× leverage, a move of about 4.5% against you loses the whole margin. Most tools never put that number next to your strategy. The Lab does, before you run and again in the report.

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Long BTCUSDT · isolated marginSample

Liquidated. The price had not reached the stop yet. Your stop is beyond the liquidation price at 20×.

Illustration: a sample strategy, not a result.

The number that matters

On an isolated position, the move against you that liquidates it is roughly 100 divided by the leverage, minus the exchange's maintenance margin. With the Lab's default maintenance margin of 0.5% of notional, a position at 20× is liquidated by a 4.5% adverse move, and at 5× by a 19.5% one. Higher leverage does not just magnify gains; it shrinks the room a strategy has to be wrong.

The run form states this next to the leverage field, in the form “A move of 4.5% against you would liquidate this position at 20×”, so the figure is in front of you while you choose.

What the backtest models

Liquidation

, for isolated and cross margin, inside the simulation: a liquidated position ends, and its loss counts.

Per-coin leverage caps

Each coin trades at the lower of your leverage and its own cap, from the execution profile's table or the exchange's value. Backtests accept up to 125×; deployments up to 100×.

The liquidation guard

If a stop-loss sits at or beyond the liquidation price at your leverage, the run is refused with an explanation, because that stop could never trigger. You can acknowledge the warning and run anyway.

The leverage audit

In every report: which caps applied, to which coins, and where they came from.

Research runs are labelled as research

You can run a what-if with leverage caps ignored. The report says so, and a strategy tested that way cannot be deployed, so a research shortcut never becomes a live position by accident.

What this does not do

The Lab models liquidation from an execution profile's maintenance margin and rules. A real exchange account can differ in the details, such as tiered margin or auto-deleveraging in extreme markets. Trading leveraged derivatives can lose more than you expect, including the whole margin. This is software, not advice, and a good backtest is not a promise.

Read the long version in leverage and liquidation, explained.

Leverage questions

What leverage should I use?

The Lab does not tell you. It shows what each setting means: the adverse move that liquidates you, how often your backtest was liquidated, and what each coin allowed. Lower leverage leaves more room for a strategy to be wrong.

What does the liquidation guard refuse?

A run whose stop-loss lies at or beyond the isolated liquidation price at its leverage. The position would be liquidated before the stop could fire. The refusal explains why; you may acknowledge it and run anyway.

Does it model cross margin?

Yes, backtests model both isolated and cross liquidation.

Opens 1 November 2026, 00:00 IST. Get in first.

500 launch credits, on top of the 25 welcome credits every account gets.
Early access by invitation, about a week before launch.
First month of a higher plan at the Starter price.

The benefits attach when you create your account with the same e-mail address you used on the waitlist and verify it. Joining the waitlist after launch gives no founding benefits.

Updated 6 October 2026. Read this page as Markdown. Trading leveraged crypto derivatives can lose more than your margin; nothing here is investment advice.