Cerebras CBRS perps on Swapmos, up to 10x

Cerebras builds wafer scale processors aimed at AI training and inference, competing for budgets that would otherwise go to GPUs, so CBRS responds to customer wins, capacity news and sentiment around AI spending. As a young listing it can move violently either way. The perpetual tracks the share price, is margined in USDC, has no expiry, and exchanges funding between longs and shorts.

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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.