MERL PERP up to 10x on Swapmos

Merlin Chain is a bitcoin layer 2 built to bring smart contracts and staking to BTC based assets, so MERL follows bitcoin ecosystem activity, bridged value and incentive campaigns. It is a smaller market than the large caps, which shows up as wider spreads. The USDC margined perpetual has no expiry and no bridging step, and funding is exchanged between longs and shorts.

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Contract specification

Asset class
Crypto
Max leverage
10x
Minimum order
10 USDC
Price tick
0.00001
Size tick
1
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.