2026-09-05

Leverage is set by the market, not by the platform

"Up to 300x" is true and almost useless. It describes exactly one market out of 203. Here is the whole distribution, counted against the live API on 5 September 2026 — because the number that applies to you is the one on the pair you are about to open.

Crypto perpetuals — 147 markets

CeilingMarketsWhich
300x1HYPE
200x4BTC, ETH, BNB, ASTER
100x2SOL, XRP
75x10—
50x12—
20x17—
10x31—
5x69almost half the board
3x1—

Stocks, ETFs and commodities — 54 markets

100x on 3, 50x on 18, 20x on 32, and 5x on one. The board is 44 stocks — 19 of them semiconductors — 7 ETFs and 7 commodities.

Companies that have not gone public — 2 markets

OPENAI caps at 20x and ANTHROPIC at 10x. There is no exchange behind these, no trading session and no share to deliver: the ceiling is lower because the instrument is thinner, and that is the honest reason.

What the ceiling actually buys you

Leverage does not change your risk of being wrong. It changes how far the price has to move before being wrong costs you everything.

  • At 5x, the price has to travel roughly a fifth against you.
  • At 20x, roughly a twentieth — about 5%.
  • At 100x, under 1% does it.
  • At 300x, a normal minute in a normal market does it.

Those numbers are approximations before fees and before the maintenance margin. The exact figure is the liquidation price your position shows, and only that one is about your position.

The practical part

The terminal shows the ceiling for whichever pair is open, and that is the final word — if this page and the terminal disagree, the terminal is right and the mistake is ours. Minimum order size is also per market; the smallest on the board is 5 USDT of notional. A position too small to exit is a position you do not control, and the opening minimum exists to leave room for the way out.

Counted on 2026-09-05 against /api/market/pairs, /tradfi-pairs and /ipo-pairs. New listings change these counts without changing this page — the terminal is the source. Nothing here is investment advice; read the Risk Disclosure.

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