What are Traditional Asset Perpetual Contracts?
- Stock Contracts are innovative stock asset perpetual contracts by BitradeX. The underlying assets of Stock Contracts are traditional market stocks, with data sourced from traditional markets. Currently, four data providers are supported: pyth, dxfeed, massive, and intrinio. Trading is supported 24/7.
- Meanwhile, BitradeX will update the underlying index sources based on market activity, data source stability, and other factors.
Differences Between Stock Contracts and Regular Contracts
| Feature | Stock Contracts | Regular USDT Perpetual Contracts |
| Trading Hours | Trading Hours: 24/7 continuous trading, all year round, completely breaking through the trading time limits of traditional US stocks to achieve true round-the-clock trading freedom. | 7月24日 |
| Settlement Currency | USDT | USDT |
| Quote Currency | USDT | USDT |
| Underlying Asset | Traditional assets | Designated token |
| Margin Mode | Isolated / Cross Margin mode | Isolated / Cross Margin mode |
| Max Leverage | 100x | 150x |
| Index Price | Traditional market quotes | Spot market price of the designated token |
| Mark Price | Traditional market trading hours: General method; Traditional market non-trading hours: Calculated via EMA using order book quote data | General method |
| OI Limit | Individual OI limit, Platform OI upper limit | Individual OI limit |
| Funding Rate | 8h, cap 0.1%, base rate 0 | 1h, 2h, 4h, 8h |
Stock Contract Risk Management
Liquidation Mechanism
- Similar to the liquidation mechanism of regular contracts, risk is determined through the liquidation price or the position margin ratio.
- When traditional markets open, if the price of the underlying asset experiences a gap up or gap down, negative equity (account deficit) may occur, leading to user liquidation. Users need to monitor the underlying asset price before traditional markets open and add margin to their positions in a timely manner.
Insurance Fund
- By default, the ADL (Auto-Deleveraging) mechanism is enabled for every Stock Contract. When a contract goes live, 50,000 USDT will be transferred as the contract's initial risk fund.
- The ADL trigger point is when the insurance pool account equity drops to 0.
Calculation Logic of Stock Index
The stock index is calculated based on data sources provided by different data vendors, and the calculation method is consistent with regular contracts.
How to Trade Stock Contracts on BitradeX
- On BitradeX, Stock Contracts are under the same business type as regular USDT contracts. Users can search for the ticker name of the Stock Contract or find the contract underlying under the "Stock" category of USDT contracts.
- Stock Contracts support trading via WEB, APP, and API.
Risk Warning: Digital asset prices are subject to high market risk and price volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be affected, and there is a possibility that financial goals may not be achieved or the principal investment may not be recovered. Investors should always seek independent financial advice and carefully consider their personal financial experience and status. Past performance is not a reliable indicator of future results. BitradeX assumes no liability for any potential losses. Nothing contained herein should be construed as financial advice.