QQQ PERP on Swapmos, up to 20x leverage

QQQ tracks the Nasdaq 100, so a handful of megacap technology names drive most of its movement, alongside rate expectations and earnings season. The perpetual follows the ETF price, is margined and settled in USDC, and never expires, which removes the roll a dated future requires. Funding is paid between longs and shorts, and at 20x a small index move becomes a large account move.

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.