Leverage is available up to 10× on BTC and ETH and 5× on other perps, with up to 40× on select other perpetual markets. Limits vary by market and apply to both Perps Instant and Perps Evaluation.
Leverage limits
Market | Instant | Evaluation |
BTC and ETH | Up to 10× | Up to 10× |
Other perps (standard limit) | Up to 5× | Up to 5× |
Select other perpetual markets | Up to 40× | Up to 40× |
The 40× limit applies only to eligible markets, not every perpetual market.
How position size works
Leverage is measured against your account size.
There is no separate position-size cap.
Higher leverage can move your account toward its floor more quickly.
Maximum position examples
Account and market | Position value |
$2,500 Instant account: BTC or ETH | $25,000 |
$2,500 Instant account: other perps at 5× | $12,500 |
$25,000 evaluation: BTC or ETH | $250,000 |
$25,000 evaluation: other perps at 5× | $125,000 |
A $2,500 Instant account corresponds to a $100 drawdown.