DRAM Index PERP on Swapmos, up to 10x

The DRAM Index tracks memory chip pricing, a market that swings hard between shortage and glut as fabs add capacity and AI server demand pulls supply forward. Trading the index rather than one manufacturer strips out company specific news. The perpetual is margined and settled in USDC, carries no expiry, and funding is exchanged between longs and shorts at set intervals. Leverage magnifies either outcome.

Taking you to the live market

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