Gold XAU PERP on Swapmos, up to 20x

Gold responds to real interest rates, the dollar, central bank buying and demand for a haven when markets turn defensive. It usually moves in smaller percentage steps than crypto, which is why traders reach for leverage on it. On Swapmos XAU trades as a perpetual with no expiry, margined and settled in USDC, with funding exchanged 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
0.0001
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.