BTC3L, BTC5L, BTC perpetual or BTC futures

[Oshosondy]

BTC3L is not actually bitcoin but created to increase 3 times the price of bitcoin if the price of bitcoin is increasing.
BTC5L is not actually bitcoin but created to increase 5 times the price of bitcoin if the price of bitcoin is increasing.

BTCStablecoin 5x long perpetual has funding rate added or deducted.
BTCStablecoin 5x future does not has funding rate but it expires. I can see this up to 6 months on some exchanges now.

Which one do you prefer? What are their risks to you?

Have you tried 3 and 5L before in the spot market? Can asset liquidation occur in 3/5L just as it is in perpetual and future?

[0xredhot]

not sure I understood your question properly tho but I prefer 10x-20x using it daily trading on perpmate and hyperliquid, anytime I use higher leverage I also reduce size to maintain liquidation.

[logfiles]

I prefer perpetual contracts. Leveraged tokens are bad news 
There is a reason they are not popular and also why some exchange even end up delisting them after sometime. Yes there is no outright liquidation, but that rebalancing mechanism is messed up and isn't as straight forward as perpetual contracts.

They may not have "funding rate" but they do have those weird fees. Subscription fee, redemption fee, daily management fees on top of trading fees. I would rather go with funding fees that are sometimes negative or positive, and you get paid depending on your position