AVAX PERP at Swapmos, up to 20x leverage
Avalanche runs a main chain plus application specific subnets, so AVAX moves on subnet launches, enterprise and gaming deals, staking dynamics and emissions. It is a well established large cap with reasonable depth through most sessions. On Swapmos the perpetual is margined and settled in USDC, has no expiry, and exchanges funding between longs and shorts on a set schedule.
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Contract specification
- Asset class
- Crypto
- Max leverage
- 20x
- Minimum order
- 10 USDC
- Price tick
- 0.001
- Size tick
- 0.01
- Funding interval
- every 8 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.