diff --git a/v2/perps-v2/ui/src/hooks/useLiquidations.ts b/v2/perps-v2/ui/src/hooks/useLiquidations.ts
index 221f3d374..500a3efa1 100644
--- a/v2/perps-v2/ui/src/hooks/useLiquidations.ts
+++ b/v2/perps-v2/ui/src/hooks/useLiquidations.ts
@@ -103,9 +103,11 @@ export function useLiquidations() {
     pollInterval: 10000,
   });
 
+  const isLoading = loading || marketConfigsLoading;
+
   return {
     data: queryData?.positionLiquidateds ? parsedLiquidationData(queryData) : undefined,
-    loading,
+    loading: isLoading,
     error,
   };
 }