Long or short WDC PERP on Swapmos, 10x
Hard drives are the business at Western Digital, with nearline capacity for data centers driving most of the story, so WDC swings with drive pricing, inventory cycles and cloud order rates. The perpetual mirrors the share price without a brokerage account and settles in USDC. Nothing expires, funding moves between longs and shorts at set intervals, and 10x leaves little room for error.
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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.