SOXL 3x semis ETF perps on Swapmos, 20x max

SOXL is an exchange traded fund that seeks three times the daily move of a semiconductor index, rebalancing every session, so extended chop erodes it while sustained trends compound. The perpetual tracks that fund price in USDC with no expiry and periodic funding between longs and shorts. Applying leverage on top of an already geared product enlarges losses just as fast as gains.

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Contract specification

Asset class
Stocks
Max leverage
20x
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.