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 SHOP over the last 6.5 hours: what it gained and what it lost
$152.64 down to $150.15 in 6.5 hours, -1.63%. Bid gave way. $100 on the short is $102.26 at 2x and $262.13 at 100x, +162.1% against +2.3%. The 50x long survived on $17.44. That is a hostage, not a position. 3 of 14 rungs did not finish the window. Last to go was 100x long, after 15 minutes. Top survivors: 50x long, 100x short. Then the bill. 1% of the stake to get in and out at 100x, repaid only after 0.01%, which is 0% of an average session here.
Leveraged trading of Shopify Inc. (SHOP): what has been happening
SHOP at $150.15, having done -2.40% today and +2.39% across five sessions. SHOP is +15.25% on the month, so it arrives clearly higher. Three months reads +40.85%, year to date -4.48%. The 30-session range is $111.06 to $158.87, which puts the last price -5.49% off the high and +35.20% off the low.
How volatile is SHOP right now
Realised volatility over 30 sessions annualises to 70.9%, against 65.0% over 90. By leveraged standards that is hard work at size. Average true range across 14 sessions is 3.38% of price, and an ordinary day swings about 4.46% either side of flat. Worst hole below an open: 5.44% over 30 sessions, 9.00% over 90. Size to the second one.
What leverage SHOP actually survives
SHOP left 10x standing through all 30 sessions and nothing above it. That rung tolerates 10.000% against you, and the worst session took 5.44%. SHOP has gone 1.000% against an open-price long, which is where 100x ends, on 62 of the last 90 sessions. That is 69% of them. 1000x asks SHOP to stay within 0.1000%, which it failed to do 87 times in 90. On the one-minute series the median bar travels 0.0531% and 25.9% of bars cover the whole 1000x liquidation distance on their own. One bar of SHOP, not one session.
SHOP liquidation distance and hit rate by leverage
| Leverage | Liquidation distance | Sessions it was hit | Hit rate | Round-trip cost vs stake |
|---|---|---|---|---|
| 2x | 50.0000% | 0 / 90 | 0% | 1.0% |
| 5x | 20.0000% | 0 / 90 | 0% | 1.0% |
| 10x | 10.0000% | 0 / 90 | 0% | 1.0% |
| 20x | 5.0000% | 5 / 90 | 6% | 1.0% |
| 50x | 2.0000% | 38 / 90 | 42% | 1.0% |
| 100x | 1.0000% | 62 / 90 | 69% | 1.0% |
| 200x | 0.5000% | 76 / 90 | 84% | 1.0% |
| 500x | 0.2000% | 84 / 90 | 93% | 1.0% |
| 1000x | 0.1000% | 87 / 90 | 97% | 1.0% |
Max loss distance is one part in the leverage, because Moon closes a wager once it has lost the wager and documents no maintenance buffer. 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 reached its max loss price intraday. Cost is Moon's 1% opening fee, charged on the wager and not on the exposure, so it does not change down the ladder. A rolling fee applies every 8 hours at a rate Moon does not publish and is not included.
What a leveraged SHOP position costs
1% of the stake gets you on, and it is still 1% at 1000x, because the fee is levied on the $100 and not on the $100,000. Whatever rung you pick, 1% of the distance to the max loss price goes on the opening fee, and the remaining 99% is the actual trade. 3.4 times. That is how many times a normal SHOP session covers the 1.00% a 100x wager has to spare. Hold past 8 hours and there is a second fee, unpublished, which is why nothing here quotes a cost for a position carried overnight. At 1000x the max loss price is 0.100% from entry, which SHOP can cover inside one minute bar.
SHOP leverage questions
What leverage is realistic on SHOP?
On the last 30 sessions of data the highest rung that avoided liquidation on every session was 10x, which liquidates on a 10.000% adverse move.
How far can SHOP fall before a 100x long is liquidated?
1.000%. Moon closes the wager once it has lost the stake, and at 100x that is a one percent move, with no maintenance buffer ahead of it. SHOP moved at least that far against an open-price long on 62 of the last 90 sessions.
What does it cost to open a wager on SHOP?
1% of the wager. Moon charges the opening fee on the capital you commit and not on the leveraged exposure, so the figure does not change as the multiplier does. A position held past 8 hours also pays a rolling fee, at a rate Moon describes as dynamic and does not publish, so it is not modelled here.
How volatile is SHOP right now?
30-session realised volatility annualises to 70.9% and 14-session average true range is 3.38% of price.
Does 1000x leverage make sense on SHOP?
The fee does not settle it. Opening costs 1% of the wager at 1000x exactly as it does at 2x, so cost is not the objection. The stop is. Max loss sits 0.1000% from entry, which SHOP can cover inside a single minute bar, and it did so on 87 of the last 90 sessions against an open-price long. Losses stop at the wager, so the question is not whether you can afford the fee. It is how long you expect to last.
What has Shopify Inc. done recently?
-2.40% on the last session, +2.39% over five sessions, +15.25% over a month and -4.48% year to date, inside a 30-session range of $111.06 to $158.87.
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 SHOP, then check the live figures on Moon before committing anything.
We have not verified that Moon lists SHOP, so there is no link here. When someone checks, this becomes one. Moon does list equities at up to 1000x. What it costs and where it falls short.
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.