USDJPY PERP on Swapmos, up to 50x

Dollar against yen is driven by the interest rate gap between the United States and Japan, Bank of Japan policy shifts, and demand for the yen when risk appetite drops. It is one of the most traded pairs in the world. On Swapmos it is a perpetual margined in USDC with no expiry, funding exchanged between the two sides, and 50x on a pair that usually moves in small increments.

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.