Leverage betting glossary: Moon.com terms explained
Twenty terms, each in two to four sentences, with a note on how Moon uses it. Read it once and the Moon app makes sense: the bet slip, the fees, the rewards and the safety tools.
Updated 10 September 2026. Facts sourced from moon.com and its help centre. Affiliate disclosure.
This leverage betting glossary defines every term Moon.com uses, from the bet slip to the withdrawal screen. Once the words make sense the product is simple: Up or Down, 1x to 1000x, markets 24/7, and a play-money balance to learn on. Sign up through the referral link on our promo code page and keep this page open in the next tab.
Each entry has a definition and, where it matters, a note on how Moon does it. For the full mechanic, start with how Moon works.
- 1000x Max leverage
- 1% Opening fee
- every 8h Holding fee
- 3.5% Rakeback
Placing a bet
Up/Down bet
The core product on Moon. You pick an asset, decide whether its price will rise or fall, and back that call with a stake and a leverage multiplier. There is no strike price, expiry or order book; the bet stays open until you close it, it is liquidated, or a Moon limit applies.
On Moon: visible markets when we checked were BTC, ETH, SOL, AAPL and TSLA across crypto, stocks, futures and commodities.
Stake
The money you put into a single bet. It is the base for the opening fee and the most you can lose on that bet, whatever leverage you choose.
On Moon: the 1% opening fee is charged on the stake, so a $100 bet costs $1 to open at any leverage.
Leverage
A multiplier on your stake that sets the size of the position you control. It scales your profit per percentage move and, in the same proportion, shrinks the move that ends the bet: roughly 100% divided by leverage, so 10% at 10x, 1% at 100x, 0.1% at 1000x.
On Moon: chosen per bet from 1x to 1000x. Tier-by-tier detail and a calculator are on the leverage guide. The terms our data pages add (observed, exposure, liquidation as we count it) are defined once on about the data.
Exposure (notional)
The dollar size your profit and loss are calculated on: stake × leverage. $100 at 50x gives $5,000 of notional exposure, so a 1% move in your favor earns 1% × $5,000 = $50, half your stake. Exposure is what moves; the stake is what you can actually lose.
Liquidation
Automatic closure of a bet because the price has moved against you far enough to consume the stake. You lose the stake and the opening fee, and nothing beyond that: no margin call, no negative balance. The liquidation guide covers the distance per tier.
Liquidation price
The specific price at which liquidation triggers. For an Up bet it sits below the entry price by roughly 100% ÷ leverage; for a Down bet, above it. If BTC were $60,000 and you bet Up at 100x, the textbook liquidation price is 1% lower, $59,400.
On Moon: the spread is built into the price, so the real trigger arrives a little before the textbook figure.
Realized vs unrealized profit
Unrealized profit is the paper gain on a bet that is still open; it changes with every tick and can vanish. Realized profit is what lands in your balance when you close. Profit-based fees use the realized figure only.
On Moon: the performance fee applies to realized profit, so nothing is charged until you close a winner.
House-banked vs peer-to-peer
In a peer-to-peer market you trade against another user and the platform matches you for a fee. In house-banked betting the operator takes the other side of every bet and prices it with an edge in its favor, as a sportsbook does.
On Moon: house-banked. You bet against Moon at a price Moon sets, and Moon’s terms reserve a spread or other pricing edge in its favor.
Leverage in one sentence
At 1000x a 0.1% move against you ends the bet before spread and fees, so treat a high-leverage stake as money you have already decided to lose.
Fees
Opening fee
A one-off charge when a bet is placed, calculated on the wager rather than the exposure, so it is the same dollar amount at every leverage tier.
On Moon: 1% of the stake. A $50 bet costs $0.50 to open. The full fee stack is on the fees page.
Holding fee
A recurring charge for keeping a bet open, assessed at fixed intervals. It covers the cost of carrying the position and rewards short holds over long ones.
On Moon: assessed every 8 hours at a dynamic rate that is not published as a number. Close inside 8 hours and it never applies.
Performance fee
A percentage of the profit on a winning bet, taken when it closes. Losing bets pay none, and it never affects your stake or liquidation distance.
On Moon: a minimum of 10% of realized profit. Close a $100 bet with $40 profit and at least $4 is taken, leaving you at most $36.
Spread (pricing edge)
The gap between the price you get and the underlying market price, tilted against you in both directions. It is how a house-banked operator earns without a visible fee line, and it uses up a little of your liquidation buffer before the price has moved.
On Moon: the terms reserve “a spread or other pricing edge” and describe a liquidity adjustment at close. Its size is undisclosed.
Account and money
Rakeback
A rebate of part of the fees you pay, credited back whether the bet wins or loses. It is a percentage of fees, not of stake, so on a $100 bet with a $1 opening fee the rebate is measured in cents.
On Moon: 3.5% of fees, activated through approved affiliates and streamers or at Bronze VIP. Check your rewards tab after signing up. Worked figures are on the rakeback page.
VIP
A tiered loyalty program where your tier rises with play and each tier unlocks rewards. Bonus funds carry wagering requirements before they can be withdrawn.
On Moon: tiers start at Bronze, which is one of the two routes to rakeback.
KYC
Know Your Customer: identity verification required by anti-money-laundering rules. Higher-risk accounts may also be asked where their funds came from.
On Moon: ID front and back plus proof of address before the first deposit and again before withdrawal. Details on the KYC guide.
Play money
A demo balance for placing practice bets with no real money at stake. Use it to see where liquidation lands at each leverage tier before you deposit.
On Moon: the homepage invites you to try it with play money or bet with real money 24/7.
Crypto deposit
Funding your account by sending cryptocurrency from a wallet you control. The balance becomes usable once the network confirms the transaction.
On Moon: deposits are crypto only, and KYC comes first. Moon does not publish a full coin list, so check the deposit screen.
Network fee
The blockchain’s own charge for processing a transaction, paid to the network rather than to Moon. It varies by coin and by how busy the chain is.
On Moon: withdrawals are subject to network fees plus AML checks and minimum and maximum limits.
Safety
Take a Break
A short, self-imposed lock on your account. You choose the length, and during it you cannot bet.
On Moon: from 1 day to 3 months, as set out in Moon’s terms.
Self-exclusion
A longer, harder lock than Take a Break, for when you want to stop rather than pause. It is not meant to be reversible inside the chosen period.
On Moon: a minimum of 6 months or permanent. The responsible gambling page has the full set of tools.
Frequently asked
What is a holding fee on Moon.com?
A charge assessed every 8 hours while a bet stays open. Moon sets the rate dynamically and does not publish it as a number, so close bets inside 8 hours if you want to avoid it entirely.
What is notional exposure?
The size of the position your profit and loss are calculated on: stake multiplied by leverage. $100 at 50x is $5,000 of notional exposure, but $100 is still the most you can lose.
What is liquidation on Moon.com?
Moon closing your bet automatically because the price has moved against you by enough to use up your stake. You lose the stake and the opening fee, and nothing beyond that.
Is Moon.com peer-to-peer or house-banked?
House-banked. You bet against Moon at a price Moon sets, and Moon's terms reserve a spread or pricing edge in its favor. There is no other user on the opposite side of your bet.
What is rakeback on Moon.com?
A rebate of 3.5% of the fees you pay, returned to your account. It is activated through approved affiliates and streamers or at Bronze VIP; check your rewards tab after signing up.
What does KYC mean on Moon.com?
Know Your Customer: identity verification. Moon asks for a government ID (front and back) and proof of address before your first deposit and again before withdrawal.