WTI Crude CL PERP on Swapmos, up to 20x

WTI crude moves on OPEC decisions, weekly inventory reports, refinery outages, sanctions and demand expectations from the United States and China. Traded as a perpetual on Swapmos, CL avoids the monthly roll that dated futures require, because there is no expiry. Margin and settlement are in USDC, funding passes between longs and shorts, and 20x leverage cuts in both directions.

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.