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A Quick Guide to Understanding Stock Perps
What are stock perps?
1. Stock perps are Bitget's innovative perpetual futures based on traditional stock assets. Their prices are derived from traditional stock markets and currently supported by four data providers: Pyth, dxFeed, Massive, and Intrinio. Trading is available 24/7.
2. Bitget may update the index sources for these futures based on market activity, data provider stability, and other relevant factors.
Key differences: Stock perps vs. regular futures
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Feature
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Stock perps
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Regular USDT-M perpetual futures
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Trading hours
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Trading hours: Trade 24/7, year-round. This completely breaks through the limitations of traditional U.S. stock trading hours, offering true round-the-clock trading freedom.
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24/7
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Settlement currency
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USDT
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USDT
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Quote currency
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USDT
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USDT
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Underlying asset
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Traditional assets
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A single designated token
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Position mode
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Isolated margin, cross margin, and unified trading account
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Isolated margin, cross margin, and unified trading account
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Max leverage
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100x
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150x
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Index price
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Sourced from traditional market quotes
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Spot market price of the designated token
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Mark price
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During traditional market hours: Standard method. Outside of traditional market hours: Calculated using the last price via EMA.
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Standard method
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Open interest (OI) limits
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Both individual and platform-wide OI limits apply
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Individual OI limits only
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Funding rate
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Every 8h, capped at 0.5% (base rate: 0%)
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Every 1h, 2h, 4h, or 8h
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Risk management for stock perps
1. Liquidation mechanism
• It is the same as conventional futures, with liquidation risk determined by the liquidation price or margin ratio.
• However, if the underlying asset opens significantly higher or lower when trading resumes in traditional markets, users may face liquidation. Traders are advised to monitor prices and add margin before the market reopens.
2. Insurance fund
• All stock perps have auto-deleveraging (ADL) enabled by default. At launch, 50,000 USDT is allocated to the initial risk fund.
• ADL is triggered once the insurance fund balance drops to zero.
3. Stock index calculation logic
• The stock index is calculated based on data feeds from various providers, using the same methodology as regular futures.
How to trade stock perps on Bitget
1. Stock perps are listed under the same product type as standard USDT futures. Users can search by ticker name or find them under the stocks tab in USDT futures.
2. Stock perps are available on the website, app, and API.
Risk warning
Digital asset prices are highly volatile and may undergo significant fluctuations. Investors should only invest funds they can afford to lose. The value of your investment may change, and there is no guarantee of achieving financial goals or recovering your principal. Investors are advised to seek independent financial advice and carefully assess their own financial experience and circumstances. Past performance does not guarantee future results. Bitget assumes no liability for any potential losses. Nothing in this article should be construed as financial advice. For more information, refer to our Terms of Use.
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