Forex and Commodity Perpetuals on Swapmos
Currencies and commodities share one sector here. Ten contracts cover EURUSD and USDJPY alongside gold, silver, copper, natural gas and both crude benchmarks, WTI and Brent. The two currency pairs carry the highest ceiling at 50x; metals and energy run at 20x or 10x. All of them are cash-settled in USDC, so nothing physical is ever delivered.
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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.