GOOGL perps on Swapmos, up to 20x leverage

Search, YouTube, Android and Google Cloud all sit under Alphabet, so GOOGL moves on ad spend, cloud growth, AI product news and antitrust rulings. As a perpetual it follows the listed share price without a brokerage account, with positions margined and settled in USDC. There is no expiry date, longs and shorts exchange funding periodically, and 20x cuts in both directions.

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Contract specification

Asset class
Stocks
Max leverage
20x
Minimum order
10 USDC
Price tick
0.01
Size tick
0.01
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.