1.00
$60,000
10x
0.5%
Conclusion
With 10x leverage on a position size of 1, you need an initial margin of $6,000. If the price drops to $54,300, your position will be liquidated.
Liquidation Price (Long)
$54,300
A 9.5% drop from entry.
Notional Position Size$60,000
Initial Margin Required$6,000
Maintenance Margin Required$300