BASED PERP up to 10x on Swapmos

BASED is a small community token, and its price responds to social momentum rather than cashflow or usage metrics. This is a thinner market than the majors, so spreads widen and a single sizeable order can shift the print. As a USDC margined perpetual there is no expiry and no token to hold, funding passes between longs and shorts, and leverage magnifies a fast move against you.

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.