# Perpetual Contracts * **Going Long (Buy)**: You expect the price of the asset to rise. * **Going Short (Sell)**: You expect the price of the asset to fall. * **Leverage**: CornWallet supports leverage from **3x up to 40x**. Beginners are advised not to exceed **5x**. * **Liquidation Risk**: If the market moves against your position and your margin is insufficient to cover the losses, the system will forcibly close your position (commonly known as "liquidation"). Currently, over **100 different contracts** are available for trading.\ The maximum leverage varies by contract type, ranging from **3x to 40x**. At maximum leverage, the maintenance margin is half of the initial margin. For example, if the maximum leverage is 20x, the maintenance margin is **2.5%**. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://corndex.gitbook.io/cornwallet/contracts-and-spot-trading/perpetual-contracts.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.