MAGS Perpetual, USDC-Settled
A cash-settled perpetual contract tracking Magnificent Seven ETF, settled in USDC with up to 10x leverage. You hold a derivative, not the underlying asset.
MAGS/USDC-PERP is a cash-settled perpetual contract tracking Magnificent Seven ETF, a ETF. You hold a derivative, not the underlying ETF — there is no ownership and nothing is delivered. Margin and profit or loss are denominated in USDC, with leverage up to 10x, and the contract never expires.
Other ETFs listed as perpetual contracts: KORU, SPY, QQQ, IWM, SOXL and EWJ.
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