Convexity without the headaches of options,
with power perpetuals.

position payoff

1×
1× on ETH² matches 2× long ETH at entry.
1. Move the chart The solid curve shows the long power position. The dashed comparison begins with the same underlying exposure. All returns are theoretical, before funding, execution, and liquidation.

Drag the marker to move ETH’s price

Or click anywhere in the plot / −90% to +200%
ETH price move+10%

Use the arrow keys for one percentage point, Page Up or Page Down for ten, Home for minus ninety, and End for plus two hundred.

Long power 2× long ETH
Power perpetual position payoff curve The chart compares a power perpetual position with equal starting linear exposure as the underlying ETH price moves.
Illustrative assets and starting prices / Before funding, execution and liquidation
2. Read the payoff Dollar P&L uses your starting balance and position leverage. These are mathematical payoffs, not a simulation of margin or liquidation. Values beyond starting equity are flagged.

Underlying ETH price move

+10.0% ETH price $3,300

2× long ETH

+20.0% Theoretical equity $12,000 Gross P&L +$2,000

Long ETH²

+21.0% Theoretical equity $12,100 Gross P&L +$2,100

Convexity edge

+$100 Improvement over 2× linear exposure Trading edge +1.0 pts

Theoretical payoffs only. Liquidation can occur before equity is exhausted; no maintenance margin or price path is modeled.