Quick Answer — Crypto Perpetuals at Sway Funded
- • 160+ USDT-denominated perpetual contracts including BTC, ETH, SOL, BNB, XRP, ADA, and many more
- • Cent versions available for BTC and ETH (BTCUSDTPERP.cent, ETHUSDTPERP.cent)
- • Trading fee: 0.04% of notional per trade plus periodic funding rates
- • Leverage: 1:10 on all account types (Rapid, Regular, Instant)
- • Perpetuals track spot price via funding mechanism — no expiry date
Research-based platform guide: I haven't traded Sway Funded accounts personally. This crypto perpetuals guide is based on their official help center documentation, Liquid Charts platform data, and community research. If anything has changed, check their latest help center.
See the full Sway Funded platforms overview for the broader picture. For the latest details, For the full firm review, see my complete Sway Funded review. For the latest details, visit Sway Funded's website or their help center.
Sway Funded's crypto perpetuals offering is one of the broadest available at any prop firm in 2026. 160+ USDT-denominated perpetual contracts covering major coins, mid-caps, and a significant range of altcoins — all accessible within your funded challenge account on Liquid Charts.
This is genuinely interesting for crypto-native traders who've been underserved by prop firms focused purely on Forex. But using perpetuals inside a prop challenge structure requires understanding the mechanics — particularly funding rates — and how they interact with tight drawdown limits.
What Are Crypto Perpetuals?
A perpetual contract (sometimes called a perp) is a derivative product that tracks the price of a cryptocurrency without an expiry date. Unlike traditional futures that settle on a specific date, perpetuals can be held indefinitely — provided you maintain sufficient margin and account for funding rate payments.
The mechanism that keeps the perpetual price aligned with the underlying spot price is the funding rate: a periodic payment exchanged between long and short position holders. When the perpetual trades at a premium to spot (more buyers than sellers), longs pay shorts. When it trades at a discount, shorts pay longs.
Funding payments typically occur every 8 hours. During bull market conditions, funding rates are often positive (longs pay shorts), meaning long-holders pay a steady cost over time. During bear markets or periods of oversupply, rates can go negative.
Key difference from spot: You never take delivery of the underlying crypto. You're trading the price movement with leverage. There's no wallet, no custody — it's a CFD-style derivative.
The Contract Library: What's Available
As of April 2026, the Sway Funded perpetuals library covers 160+ USDT-denominated contracts. The major coins with deep liquidity include:
| Category | Contracts |
|---|---|
| Top-cap / Most liquid | BTCUSDTPERP, ETHUSDTPERP, BNBUSDTPERP, SOLUSDTPERP, XRPUSDTPERP |
| Large-cap altcoins | ADAUSDTPERP, DOTUSDTPERP, LINKUSDTPERP, UNIUSDTPERP, AVAXUSDTPERP, TONUSDTPERP |
| Cent contract versions | BTCUSDTPERP.cent, ETHUSDTPERP.cent |
| Mid/small-cap altcoins | 100+ additional USDT perps (full list in Liquid Charts Instrument Info) |
To see the complete list: open Liquid Charts → Watchlist → right-click → Instrument Info → search "PERP" to filter all perpetual contracts.
Cent Contracts: What They Are and Why They Matter
The cent versions — BTCUSDTPERP.cent and ETHUSDTPERP.cent — are micro-sized versions of the standard perpetual contracts. A cent contract is denominated in smaller units, allowing you to trade positions significantly smaller than the minimum on the standard contract.
For a prop challenge trader, this matters a lot. On a $10,000 Rapid challenge with a 5% daily loss limit ($500), a standard BTC perpetual contract with full leverage at $90,000 BTC price can move $9,000 per lot in a single day's range. Even at 1:10 leverage, that's $900 potential daily move from 1 lot — already approaching your entire daily limit.
The cent contract lets you reduce exposure proportionally. A 0.1-lot cent position behaves like a 0.001-lot standard position. You can scale down to the risk level that actually fits your drawdown constraints.
If you plan to trade crypto perpetuals on a Sway Funded challenge, start with the cent contracts on BTC and ETH until you have a clear picture of how the volatility interacts with your daily and overall drawdown limits.
Pricing and Cost Structure
Perpetuals at Sway Funded carry a 0.04% fee on the notional trade value per side. This is different from the Forex lot commission model.
Let me put that in real numbers:
- BTC at $90,000, 1:10 leverage, 0.1 lot standard contract = $9,000 notional
- Entry fee: 0.04% × $9,000 = $3.60
- Exit fee: 0.04% × $9,000 = $3.60 (assuming same price level — will vary)
- Total round-trip at flat price: $7.20
That's comparable to the $7 Forex lot commission. But on larger positions:
- BTC, 1 full lot at $90,000 = $90,000 notional at 1:10 = $9,000 margin required
- Entry fee: 0.04% × $90,000 = $36
- Exit fee: similar
- Round-trip: ~$72+
At larger position sizes, the percentage-based fee model can become expensive quickly. Know your actual cost per round trip before sizing up.
Plus funding rates: If you're holding a long position overnight during bullish market conditions, expect to pay funding every 8 hours. Funding rate amounts vary — during high funding-rate environments in crypto bull runs, this can be 0.01%–0.05% per 8-hour period, which compounds quickly on leveraged positions.
1:10 Leverage: The Practical Implications
All account types at Sway Funded — Rapid, Regular, and Instant — carry 1:10 leverage on crypto perpetuals. There's no differentiation here.
1:10 sounds high relative to regulated retail brokers, but in the context of crypto volatility, it's actually moderate. Bitcoin can move 5–10% in a single day. At 1:10 leverage, a 5% BTC move = 50% P&L on the position. On a $10,000 challenge account with 10% of account balance in BTC perp exposure ($1,000 margin → $10,000 notional), a 5% BTC move generates $500 profit or loss — which is the entire daily limit.
The math tells you something important: crypto perpetuals with meaningful leverage are extremely difficult to trade within prop firm drawdown constraints. You need either:
1. Very small position sizes (cent contracts are your friend)
2. Very tight stops (which crypto volatility routinely hunts)
3. A specific edge in crypto markets that generates high-probability, limited-drawdown setups
Crypto traders who've migrated from 100x leverage on Binance will find 1:10 at a prop firm restrictive but ultimately healthier for developing controlled trading habits.
How Perpetuals Differ from Spot at Sway Funded
Sway Funded offers both spot crypto and perpetuals. The practical differences:
| Feature | Crypto Spot | Crypto Perpetuals |
|---|---|---|
| Leverage | 1:10 | 1:10 |
| Entry fee | 0.035% per trade | 0.04% of notional |
| Funding rate | None | Yes — every 8 hours |
| Can go short | Depends on platform | Yes — long and short |
| Instrument count | Limited | 160+ |
| Cent contracts | No | Yes (BTC + ETH) |
For most crypto prop traders, perpetuals are the more useful instrument. You can go both long and short, the contract range is far wider, and the cent versions give you granular position sizing control.
Who Is the Crypto Offering Designed For?
Based on what Sway Funded has built, their crypto perpetuals offering targets:
Crypto-native traders who want prop firm structure. Traders who've been active in crypto markets and want access to institutional-style funding without trading Forex. The 160+ contract range is a genuine differentiator — most Forex prop firms offer 5–10 crypto instruments at most.
Multi-asset traders. Traders who want to run a Forex-primary strategy but supplement it with specific crypto setups during high-conviction crypto events (halving cycles, protocol upgrades, major macro correlation events).
Position traders with wider stops. The 1:10 leverage and tight drawdown limits at prop firms are misaligned with the scalping-heavy, high-leverage crypto culture. The traders who thrive here use crypto perps more like Forex traders — defined risk per trade, waiting for clear setups, not over-leveraged.
FAQ Section
Q1: What is a crypto perpetual contract at Sway Funded?
A perpetual contract is a derivative that tracks a cryptocurrency's price with no expiry date. You profit from price movements using leverage without owning the underlying crypto. Funding rates periodically adjust between long and short position holders.
Q2: How many crypto perpetual contracts does Sway Funded offer?
As of April 2026, Sway Funded offers 160+ USDT-denominated perpetual contracts.
Q3: What are the cent contract versions of BTC and ETH perpetuals?
BTCUSDTPERP.cent and ETHUSDTPERP.cent are micro-sized contract versions that allow traders to enter much smaller position sizes than the standard contracts — useful for challenge accounts with tight drawdown limits.
Q4: What leverage is available on crypto perpetuals at Sway Funded?
1:10 on all account types — Rapid, Regular, and Instant.
Q5: How are crypto perpetuals priced at Sway Funded?
A 0.04% fee on notional trade value per side, plus funding rates every 8 hours based on market positioning (longs pay shorts or vice versa depending on premium/discount vs spot).
Q6: How are funding rates calculated and when do they apply?
Funding rates are typically applied every 8 hours. The rate varies based on market conditions — positive when the perp trades at a premium to spot (longs pay shorts), negative when at a discount. Specific rates are visible on the contract details in Liquid Charts.
Q7: Can I go short on crypto perpetuals at Sway Funded?
Yes. Perpetual contracts allow both long and short positions, unlike spot-only crypto trading.
Q8: Are crypto perpetuals suitable for challenge accounts with tight drawdown limits?
They can be, with very controlled position sizing. BTC and ETH cent contracts are particularly useful for staying within the 5% daily drawdown while still having meaningful exposure. Standard full contracts require extremely small position sizes on smaller challenge accounts.
Q9: How is crypto perpetuals trading different from crypto spot at Sway Funded?
Spot charges 0.035% per trade with no funding rate and limited direction (typically long-only). Perpetuals charge 0.04% plus funding rates, support both long and short, and offer 160+ contracts vs a limited spot library.
Q10: Which coins have cent contract versions at Sway Funded?
As of April 2026, cent versions are available for Bitcoin (BTCUSDTPERP.cent) and Ethereum (ETHUSDTPERP.cent).
Frequently Asked Questions
What is a crypto perpetual contract at Sway Funded?
A perpetual contract is a derivative that tracks a cryptocurrency's price with no expiry date. You profit from price movements using leverage without owning the underlying crypto. Funding rates periodically adjust between long and short position holders.
How many crypto perpetual contracts does Sway Funded offer?
As of April 2026, Sway Funded offers 160+ USDT-denominated perpetual contracts.
What are the cent contract versions of BTC and ETH perpetuals?
BTCUSDTPERP.cent and ETHUSDTPERP.cent are micro-sized contract versions that allow traders to enter much smaller position sizes than the standard contracts — useful for challenge accounts with tight drawdown limits.
What leverage is available on crypto perpetuals at Sway Funded?
1:10 on all account types — Rapid, Regular, and Instant.
How are crypto perpetuals priced at Sway Funded?
A 0.04% fee on notional trade value per side, plus funding rates every 8 hours based on market positioning.
Can I go short on crypto perpetuals at Sway Funded?
Yes. Perpetual contracts allow both long and short positions, unlike spot-only crypto trading.
Are crypto perpetuals suitable for challenge accounts with tight drawdown limits?
They can be, with very controlled position sizing. BTC and ETH cent contracts are particularly useful for staying within the 5% daily drawdown while still having meaningful exposure.
How is crypto perpetuals trading different from crypto spot at Sway Funded?
Spot charges 0.035% per trade with no funding rate and limited direction. Perpetuals charge 0.04% plus funding rates, support both long and short, and offer 160+ contracts vs a limited spot library.
How are funding rates calculated and when do they apply?
Funding rates are typically applied every 8 hours. The rate varies based on market conditions — positive when the perp trades at a premium to spot (longs pay shorts), negative when at a discount.
Which coins have cent contract versions at Sway Funded?
As of April 2026, cent versions are available for Bitcoin (BTCUSDTPERP.cent) and Ethereum (ETHUSDTPERP.cent).
The bottom line: Sway Funded's 160+ USDT crypto perpetuals make it genuinely interesting for crypto-native traders. The cent contracts for BTC and ETH are a practical solution for the position-sizing challenge that prop drawdown limits create. The 1:10 leverage and 0.04% notional fee require careful cost modeling, especially for short-term traders. For anyone who has primarily traded Forex at prop firms and wants crypto exposure without switching firms, this offering is worth serious consideration.
