Intel INTC perps on Swapmos, up to 10x

Intel is trying to turn a legacy CPU business into a contract chip manufacturer, so INTC reacts to process node milestones, foundry customer news, capital spending and share lost to AMD and Arm based designs. The perpetual follows the listed price, needs no brokerage account and settles in USDC. It has no expiry, and funding passes between longs and shorts while positions remain open.

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Contract specification

Asset class
Stocks
Max leverage
10x
Minimum order
10 USDC
Price tick
0.01
Size tick
0.001
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.