Guides

Four explanations, each written against the live numbers on this site rather than in the abstract.

How leverage worksWhat exposure, margin and a multiplier actually are, and why the stake is not the risk.What liquidation isThe exact arithmetic that decides when a leveraged position is closed for you.Long vs shortWhy a short is not a mirror of a long once spread, funding and fees are in.What 1000x leverage meansThe number is real, the survivable holding period is not. Worked through with live data.