Collateral is deposited and withdrawn as SPL-USDC. All perpetual markets are quoted against USDC and are linear perpetuals. Perpetuals on Drift are cross-margined against each other, meaning that for multiple positions in the same user account, profits and losses from a single position can be used to cover PnL of other positions in the same pool of positions.
The current max leverage is 5x. Default leverage is 1x.
Trading with leverage and/or shorting puts you at risk for liquidations.
(Fees & Liquidations)