AAPL PERP on Swapmos with up to 10x

Apple's share price hangs on iPhone replacement cycles, services revenue and gross margin, with supply chain conditions and China demand supplying the swings in between. The perpetual tracks that price and settles in USDC, so no brokerage account or share custody is involved. There is no expiry to roll, funding is exchanged between longs and shorts, and leverage cuts in both directions.

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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.