XRP PERP on Swapmos, up to 50x leverage

XRP is used for cross border settlement, and its price has long been sensitive to regulatory rulings, exchange listings and payment corridor announcements as much as to crypto beta. Headline risk arrives suddenly. The Swapmos perpetual is margined in USDC with no expiry date and funding exchanged between longs and shorts, and at 50x a modest move against a position is expensive.

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Contract specification

Asset class
Crypto
Max leverage
50x
Minimum order
10 USDC
Price tick
0.0001
Size tick
1
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.