spent the week on
@FX100Perp's testnet trying to get liquidated on purpose, and the wick that would have killed me on any other perp did nothing.
every position gets a 15 minute window where a price spike can't force-close you.
the loss is still real. funding is zero. only the timing of the forced close moves.
that window is the entire product. if your thesis needs ten minutes to survive, no other venue gives you ten minutes.
their week two report: $400m in volume, 18.5k wallets, referrals up 9x.
still worth an hour. go open a 100x position and try to break it.