HYPE PERP at Swapmos, leverage up to 20x

HYPE is the token of the Hyperliquid ecosystem, so it moves on that ecosystem's trading volume, fee driven buybacks and unlock schedules more than on broad crypto news. Interest can concentrate quickly around those events. The Swapmos contract is a USDC margined perpetual with no expiry, funding exchanged between longs and shorts, and leverage of up to 20x in either direction.

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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 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.