Guide
US 100 liquidation heatmap explained
A US 100 liquidation heatmap marks the prices where leveraged positions on the US 100 perpetual would be closed by force: bright bands below the price are longs, bright bands above it are shorts. Ours is not a guess from open interest. It adds up the liquidation prices of real, public open positions. This guide explains how the map is built, how far each leverage sits from the entry, why the US open matters, and how to read the map next to the order book.
What the map shows
US 100 perpetual futures let traders hold positions much larger than their margin. If the price moves against a position by roughly one divided by its leverage, the position is closed with a market order: a liquidation. A long is closed by selling, a short by buying back. The heatmap shows where those forced orders would hit the market:
- Below the price (green on our map): longs that would be sold if the US 100 falls there.
- Above the price (violet): shorts that would be bought back if the US 100 rises there.
- Brightness: the dollar value of the positions with a liquidation price at that level. Brighter means more.
Where US 100 positions get liquidated
The distance to a liquidation depends almost entirely on leverage. For a position opened at 25,000:
| Leverage | Move that liquidates | Long opened at 25,000 | Short opened at 25,000 |
|---|---|---|---|
| 3× | 32.8 % | 16,792 | 33,208 |
| 5× | 19.5 % | 20,125 | 29,875 |
| 10× | 9.5 % | 22,625 | 27,375 |
| 20× | 4.5 % | 23,875 | 26,125 |
| 25× | 3.5 % | 24,125 | 25,875 |
Simplified: entry × (1 − 1/leverage + maintenance margin) for a long, entry × (1 + 1/leverage − maintenance margin) for a short, with an assumed 0.5 % maintenance margin and no fees or added margin. Real liquidation prices differ a little, which is why the map uses the price reported for each position. 25,000 is a round example, not a price level.
On most days the US 100 moves less than crypto, so the bands from low leverage are rarely reached, while the high-leverage bands near the price are tested around the open and on data days.
How our US 100 heatmap is built
- Swiftedge follows public open positions on on-chain US 100 perpetual futures, each with the liquidation price the exchange reports for it. Nothing is assumed about leverage: it is read from the positions.
- Every 5 minutes the positions are added up by liquidation price: longs below the price, shorts above.
- A position that is closed or liquidated leaves the map. One column is kept every 15 minutes, for up to seven days.
- The live page compares what the map had waiting at the prices the market reached with the liquidations that really happened, and prints the score next to a baseline, so you can judge the map yourself.
This is part of the market, not all of it: positions Swiftedge does not follow, and positions on other venues, are not on the map, so every total is a lower bound. The leverage mix of the positions on the map is printed on the live page and changes as traders open and close positions.
What is different about the US 100
- The US open. The stock market opens at 09:30 New York and closes at 16:00. The first half hour after the open is usually the busiest of the day, and the moment when bands near the price are most often hit. US market timings in IST has the times for India.
- Data and the Fed. Inflation and jobs numbers at 08:30 New York and Fed decisions at 14:00 New York can move the index before or during the session. The economic calendar shows what is due and how much markets moved last time.
- A 24/7 perpetual on a weekday market. Index futures pause daily from 17:00 to 18:00 New York and close for the weekend. The perpetual keeps trading on thin volume, so a gap when futures reopen can clear bands at once.
How to read it
- Bands are forced orders waiting to happen, not orders in the book. Nothing rests in the order book at a liquidation price until it is triggered. To see the orders that are really there, use the US 100 order book heatmap; the difference is explained in liquidation heatmap vs order book heatmap.
- Watch the real liquidations next to it. The Liquidations indicator in US 100 Depth draws every real liquidation on the live chart, so you can see which bands were hit.
- Check funding, open interest and positioning. Rising open interest with high funding means new leveraged longs, which is what fills the bands below the price: US 100 funding rate, US 100 open interest and US 100 Positioning.
See where US 100 liquidations sit right now.The live map is rebuilt every 5 minutes from public open positions and checked against real liquidations. Free, no sign-up.
Open the US 100 liquidation heatmapCommon questions
Is there a free US 100 liquidation heatmap?
Yes. The Swiftedge US 100 liquidation heatmap is free, needs no sign-up and is rebuilt every 5 minutes from the liquidation prices of public open positions.
How accurate is the US 100 liquidation heatmap?
It shows real positions, but only part of the market, so the totals are a lower bound. The live page compares the map with the liquidations that really happened and prints the score next to a baseline.
Why do bands disappear?
A band shrinks or disappears when the positions behind it are closed, have margin added or are liquidated. When price trades through a band, the positions there are usually liquidated, so they leave the map.
Does US 100 move to the brightest band?
The map shows where forced orders could appear, not where the price will go. We do not claim bands act as magnets, and nothing on this page is a forecast or advice.
Where can I see real US 100 liquidations?
Live on the chart in US 100 Depth with the Liquidations indicator, next to the order book heatmap and the trades.
When are US 100 liquidations most likely?
Around the US stock market open at 09:30 New York (20:00 IST in winter), US data at 08:30 New York such as inflation and jobs numbers, Fed decisions, and company results published after the 16:00 close.
Is the US 100 perpetual open at the weekend?
Yes, it trades 24/7, while the stock market and index futures are closed. Weekend moves are usually on thin volume, and the price can jump through bands when futures reopen on Sunday at 18:00 New York. US 100 trading sessions lists every time.