1000BONK perps on Swapmos, up to 20x

Bonk is a Solana memecoin, and the contract is quoted per 1,000 tokens so the price prints in a workable range. It moves on Solana activity, social attention and listing flows rather than on cash flows, which makes for fast reversals in both directions. Margin and settlement are in USDC, there is no expiry, and funding changes hands between longs and shorts.

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Contract specification

Asset class
Crypto
Max leverage
20x
Minimum order
10 USDC
Price tick
0.000001
Size tick
10
Funding interval
every 4 hours

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Leverage works in both directions. At 100x, a 1% move against a position takes out all of the margin behind it.