Leverage simulator: see if your multiplier would have survived
Pick one of 45 markets and a multiplier and you get back whether the position survived. Hold 200× for one minute and you probably keep it. Hold for one week and 23 of 44 markets stop you at 5×.
A multiplier survived when its distance to liquidation stayed clear of the 95th-percentile move against you over rolling windows of that length, taking the worse of the long and the short side.
You lose 2 multipliers as the clock runs
Pick a market and a multiplier
Pick any of these 45 markets and any multiplier up to 1000x, and you get your exposure on $100, your distance to liquidation and what the open costs.
All 45 instruments are listed on Moon on one dated attestation covering the whole set. That is a weaker record than an instrument-by-instrument check, and you can see its age.
Availability states across the universe: 45 verified. Only a state of verified opens a link, and a check expires after 30 days. How that check is done is set out in the methodology.
The widest session moves, drawn
Bitcoin Cash leads the 45 tracked markets, down 8.12 per cent on the session dated 2026-08-28, against 5.30 per cent down at the far end of these 8 tiles. Each tile draws its last 60 daily closes on its own scale.
Ranking is on absolute change. Falls sit alongside rises rather than being dropped, and 8 of the 8 tiles are negative. Session change is the vendor's last completed daily bar against the one before it.
Where the tape moved in the last session
Strategy (MicroStrategy) leads it down 7.34 per cent on the session printed 2026-08-28. At 100x your stop sits 1.00 per cent away, and MSTR travelled that far on 81 per cent of its last 90 sessions.
| Market | 30d trend | Session | Last | Vol 30d | Session multiplier | 100× hit | Window |
|---|---|---|---|---|---|---|---|
| Strategy (MicroStrategy) MSTR | -7.34% | $127.30 | 79% | 5× | 81% | 2026-08-28 | |
| Arm Holdings ARM | -6.36% | $239.08 | 82% | 5× | 81% | 2026-08-28 | |
| Coinbase Global COIN | -6.34% | $178.66 | 79% | 10× | 79% | 2026-08-28 | |
| SoFi Technologies SOFI | -5.89% | $18.05 | 63% | 20× | 73% | 2026-08-28 | |
| Robinhood Markets HOOD | -4.99% | $104.27 | 69% | 20× | 73% | 2026-08-28 | |
| NVIDIA Corporation NVDA | -4.61% | $217.54 | 45% | 10× | 67% | 2026-08-28 |
Session change is the vendor's last completed daily bar, dated in the final column. The trend cell plots 30 daily closes on each market's own scale. Session multiplier is the highest Moon multiplier whose room cleared the 95th-percentile move against you over rolling one-session windows. Hit counts the sessions that travelled the 1.00 per cent a 100x wager has spare.
339 of 810 replayed positions liquidated
Every Moon multiplier was replayed long and short on one-minute bars for 45 markets, and 339 of the 810 positions were liquidated. At 1000× you were stopped out in 98 per cent of longs and 98 per cent of shorts. The lowest multiplier that killed anything at all is 20×, at 16 per cent of longs and 0 per cent of shorts.
Bars pair the long side above the short side, and fill their full width when every market killed that multiplier. Replay ran over a median replay window of 6.5 hours, and 41.9 per cent of the 810 positions were liquidated. It applies Moon's opening fee of 1 per cent of the wager and its liquidation distance of 1.00 per cent at 100x. It excludes the rolling fee charged past 8 hours, which Moon does not publish, so every figure here is a floor. One replay window per market is one sample of that window rather than an expectation of the next one.
Bitcoin: what holding longer costs you in room
Hold Bitcoin for a session and the move against you is 1.12 per cent on a normal run, 1.97 on a bad one and 2.13 on the worst. Weekly moves are 11.2 times the hourly ones, which is why your multiplier falls as you hold. The highest Moon multiplier that still clears the bad run is 50×, of the 9 you can pick here.
How far it moves against you
Room to liquidation, one session
The move against you is the worst move that went against the position inside a rolling window of that length, on the worse of the two sides. It is measured on 511 session windows of 390 1min bars. Room to liquidation is Moon's own arithmetic at a maintenance rate of 0.00 per cent of notional.
A flat fee crosses a notional fee at 23.1×
Opening a $100 wager costs you $1.00 on Moon against $0.09 on Hyperliquid at 2×, and $1.00 against $1.73 at 40×, the highest multiplier Hyperliquid offers here. Moon charges on your wager, so its line stays flat, while Hyperliquid charges on notional, so its line rises and the two cross at 23.1×.
Every figure comes from venues.py against the registry dated 2026-08-28a, on a $100 wager at taker fees including referral discounts. Hyperliquid is the cheaper open at 2× and Moon at 40×. On maker fees they cross at 69.4×. The crossover solves one fee basis against the other, so 23.1× holds at any wager size. Moon's opening fee is 1.00 per cent of your room to liquidation at every multiplier. Neither line includes carry: Hyperliquid publishes funding and Moon does not publish its rate past 8 hours, so both are floors.
Why these markets moved
- Strategy (MicroStrategy)▲ 6.59%8-K filed 24 Aug, cause unconfirmedunconfirmed
- Zcash▲ 2.06%Grayscale listed the first Zcash ETF on NYSE Arca, and the spot token repriced with it.confirmed
17 of 45 sit on more than one platform
28 of the 45 squares are pale, which leaves you one quote with nothing to check it against on 62 per cent of the universe. Squares darken as more of the 5 platforms list a market, and the deepest anywhere is 2. Moon lists 45 of the 45 markets and Avantis lists 0. Every one of the 45 squares is listed somewhere.
Coverage comes from venues.py against the registry dated 2026-08-28a: a market counts as listed when the platform covers its asset class and the platform's own instrument record carries a maximum leverage for it. Listing stops short of a checked instrument on Moon's book, so no square links out to a platform. 45 of the 45 tracked markets carry a dated human check against Moon's own book.
These markets will bite you fastest
Highest realised volatility over 30 sessions first, which is why their liquidation columns read the way they do.
These markets let you go higher
You can take a bigger multiplier on these 6 before your liquidation price lands inside an ordinary day's range, though a quiet market can still have a loud day without warning you first.
Shares and ETFs, widest mover first
Ordered by 30-session realised volatility, so the 8 that move you around most sit first.
These dates are already on the calendar
These 2 scheduled reports can gap a market overnight, and a gap runs straight through your liquidation price, so check the list before you size anything on it.
| Session | Market | When | Consensus |
|---|---|---|---|
| Wed 02 Sep | Broadcom Inc. AVGO | after the close | $2.83 expected, $1.26 a year ago |
| Tue 08 Sep | Oracle Corporation ORCL | time not confirmed | $1.40 expected, $1.20 a year ago |
Dates and consensus from the Nasdaq earnings calendar, read 2026-08-29 01:31 UTC. Companies move their own dates and a consensus is an average of estimates, not a forecast this site is making.
Read these before you move the slider
Nothing here puts on a real position
No money is staked here, no order is routed and no position exists anywhere. Prices are indicative third-party data from Twelve Data, and because Moon prices its own book, its reference price, spread, fees, funding and liquidation rules will give you a different result.
What you get is the arithmetic nobody runs before sizing. At 100x a move of 1.00 per cent against you closes your position, and most markets here cover more ground than that on an ordinary Tuesday. So every market page counts the sessions it actually happened on, over that market's own last 30, rather than working from a market-wide average.
What Moon charges, and what it never publishes
Those four figures are modelling assumptions rather than confirmed platform terms. The simulator runs on them because it needs a number, and nobody has checked them against Moon's book.
The opening fee lands on your wager, so you pay 1 per cent at every multiplier. Climbing higher gains you nothing on cost and costs you room: at 1000× you are closed 0.10 per cent from entry, where 2× gives you 50.00 per cent.
Hold past 8 hours and you also pay a rolling fee. Moon calls the rate dynamic and never publishes it, so anything you carry overnight costs you more than shown.
MarketMoves earns a commission when a reader opens an account through a link on this page. It costs the reader nothing and does not change the figures shown. Nothing here is an order, a balance or a position. See the affiliate disclosure and the methodology.