What $100 would have done, by leverage
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| Leverage | Held to now | Return | Worst point | Cost of the round trip | Outcome |
|---|
Every minute in the window is walked in order and the worst price inside each bar is tested against the liquidation level before the close, so a position that was liquidated mid-window stays liquidated even if the price later recovered. Opened on the ask and marked on the bid for a long, and the reverse for a short. Indicative example based on third-party market data. Moon's reference price, spread, fees, settlement and liquidation rules may produce a different result.
What a move would mean
0.00%My positions
| Bet | Wager | Leverage | Entry | Liquidation | Mark | Profit / Loss | Multiplier | Action |
|---|---|---|---|---|---|---|---|---|
| No open bets | ||||||||
Leveraged QQQ over the last 6.5 hours: what it gained and what it lost
-0.09% in 6.5 hours. Nasdaq 100 ETF did not go anywhere. Here is the ugly part: the short was the correct side and 100x still lost money, $92.86 left of $100. The round trip cost 16% of the stake and the move only paid 0.09%. The 50x long survived on $87.57. That is a hostage, not a position. 2 of 14 rungs did not finish the window. All of them inside the first minute. 100x was the top rung left standing either way. None of that touches the 16% the round trip already took. QQQ owes 0.16% to square it, roughly 14% of a normal session.
Leveraged trading of Nasdaq 100 ETF (QQQ): what has been happening
QQQ marks $710.64. +0.62% today, -0.97% over five sessions. QQQ is +4.18% on the month, so it arrives grinding higher. Three months reads -2.69%, year to date +15.91%. The 30-session range is $661.14 to $734.58, which puts the last price -3.26% off the high and +7.49% off the low.
How volatile is QQQ right now
Thirty sessions of realised volatility annualise to 21.6% and ninety to 23.4%, which puts QQQ at tame. Average true range across 14 sessions is 1.16% of price, and an ordinary day swings about 1.36% either side of flat. Worst hole below an open: 2.27% over 30 sessions, 5.06% over 90. Size to the second one.
What leverage QQQ actually survives
20x is the highest rung that walked away from all 30 of the last sessions. It ends on a 4.950% move against you, and the worst QQQ managed was 2.27%. Open the window to 90 sessions and it falls to 10x. QQQ has gone 0.950% against an open-price long, which is where 100x ends, on 30 of the last 90 sessions. That is 33% of them. 88 of the last 90 sessions cleared the 0.0500% that ends a 1000x position. Median one-minute bar of 0.0180%, and 12.9% of bars are on their own enough to end 1000x. That is the resolution the stop lives at.
QQQ liquidation distance and hit rate by leverage
| Leverage | Liquidation distance | Sessions it was hit | Hit rate | Round-trip cost vs stake |
|---|---|---|---|---|
| 2x | 49.9500% | 0 / 90 | 0% | 0.3% |
| 5x | 19.9500% | 0 / 90 | 0% | 0.8% |
| 10x | 9.9500% | 0 / 90 | 0% | 1.6% |
| 20x | 4.9500% | 1 / 90 | 1% | 3.2% |
| 50x | 1.9500% | 7 / 90 | 8% | 8.0% |
| 100x | 0.9500% | 30 / 90 | 33% | 16.0% |
| 200x | 0.4500% | 59 / 90 | 66% | 32.0% |
| 500x | 0.1500% | 80 / 90 | 89% | 80.0% |
| 1000x | 0.0500% | 88 / 90 | 98% | 160.0% |
Liquidation distance assumes a 5 basis point maintenance margin: an adverse move of (1 − leverage × maintenance rate) ÷ leverage. Hit count is the number of the last 90 sessions where the low fell that far below the session open, i.e. where a long opened at the open would have been liquidated intraday. Cost assumes 16 basis points of spread and fees on the round trip.
What a leveraged QQQ position costs
Nobody is charging you 16 basis points of your stake. They are charging 16 basis points of the exposure, which is 1.6% at 10x and 16% at 100x. The round trip at 100x is 14% of what QQQ typically covers in a session. That is the hole you open in. The ceiling set by cost alone is about 625x. Past it the round trip has already spent the stake and QQQ has not been consulted.
QQQ leverage questions
What leverage is realistic on QQQ?
On the last 30 sessions of data the highest rung that avoided liquidation on every session was 20x, which liquidates on a 4.950% adverse move.
How far can QQQ fall before a 100x long is liquidated?
0.950% at a 5 basis point maintenance margin. QQQ moved at least that far against an open-price long on 30 of the last 90 sessions.
How volatile is QQQ right now?
30-session realised volatility annualises to 21.6% and 14-session average true range is 1.16% of price.
Does 1000x leverage make sense on QQQ?
No, and the fee schedule settles it before volatility gets a say. At 16 basis points round trip, 1000x costs 160% of the stake in spread and fees alone, so the position opens behind by more than the stake. Liquidation sits 0.0500% away, which QQQ can cover in a single minute bar.
What has Nasdaq 100 ETF done recently?
+0.62% on the last session, -0.97% over five sessions, +4.18% over a month and +15.91% year to date, inside a 30-session range of $661.14 to $734.58.
Before you take this to Moon
Everything above is derived from independent third-party market data. Moon prices its own book: the reference price, the spread it quotes, its fee schedule, its funding rate and its liquidation engine are all Moon's, and they will produce a different number from this page. Use this as a model of the mechanics on QQQ, then check the live figures on Moon before committing anything.
We have not verified that Moon lists QQQ, so there is no link here. When someone checks, this becomes one.
What this simulator is
Prices come from Twelve Data, an independent market-data vendor, and are indicative. Moon's own reference price, spread, fee schedule, funding and liquidation rules will produce a different result. No money is staked here, no order is routed, and no position exists on any venue. At 1000× leverage a 0.01% difference between this chart and Moon's settlement feed moves the position value by roughly 10% of the stake, so treat every number below as an illustration of mechanics rather than a forecast of outcome.
Leverage arithmetic used
Exposure = stake × leverage. Long P/L = exposure × (mark − entry) ÷ entry. Short P/L = exposure × (entry − mark) ÷ entry. Entry takes the ask for a long and the bid for a short; closing does the reverse, so the spread is charged on the round trip. Liquidation triggers when equity falls to the maintenance margin, i.e. at an adverse move of (1 − leverage × maintenance rate) ÷ leverage.
Jurisdiction
Leverage caps, incentive bans and product classification differ by country. Retail CFD rules in the EU cap equity leverage far below the levels shown in this demo and restrict monetary incentives such as rakeback, so the referral block and the maximum selectable leverage must be gated per market before any page goes live. 18+. Trading leveraged products carries a high risk of losing your capital.