Silver XAG PERP on Swapmos, up to 20x

Silver trades with two jobs at once. Part of it is a monetary metal that follows real interest rates and the dollar, and part of it is an industrial input for solar cells, electronics and brazing alloys. That mix is why silver often moves further than gold on the same macro headline. Here it is a USDC margined perpetual with no expiry and periodic funding between longs and shorts.

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Contract specification

Asset class
Forex & commodities
Max leverage
20x
Minimum order
10 USDC
Price tick
0.01
Size tick
0.01
Funding interval
every 4 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.