BingX Perpetual Futures Market Data

What is BingX?

BingX is a centralized exchange founded in 2018 by Josh Lu that built its identity around social trading, growing past 10 million users by letting anyone mirror professional traders position for position. More than 9 million copy trading relationships run on the platform, which makes the copy layer a genuine liquidity engine for its perpetuals books rather than a side feature.

For perpetual traders, BingX matters for two structural reasons in our perpetual exchange rankings. It runs one of the broadest traditional-asset perp lineups below the top tier, and it ships execution features bigger venues don't, including a Guaranteed Price order type that fills at your preset price with zero slippage regardless of book conditions.

BingX Perpetual Futures Fees

BingX charges 0.02% maker and 0.05% taker on perpetual futures at the standard tier, matching the Binance and OKX base schedule that most mid-tier rivals price above. VIP progression is measured on perpetual futures volume specifically, including grid and copy trading turnover, or alternatively on account assets from a daily snapshot, so pure spot activity does not move the derivatives tier.

At the top, Supreme VIP carries a 0% maker rate and cuts taker fees to as low as 0.028%, a band reserved for volumes in the hundreds of millions monthly. Copy traders pay their leader a profit share on top of standard fees, and where BingX's schedule lands against every venue is mapped in our lowest fee perpetual exchanges guide.

How BingX Funding Rates Work

BingX settles perpetual funding every 8 hours at 00:00, 08:00, and 16:00 UTC, transferring payments peer to peer based on the premium between contract and spot index prices, per its own perpetual futures guide. Longs pay shorts when the perp trades rich to spot, and the payment reverses when it trades cheap.

The wrinkle worth watching on BingX is cross-asset. Its TradFi perpetuals apply the same funding architecture to contracts whose underlying markets close nightly and on weekends, so funding does the pricing work that market hours normally would, and rates on stock and index perps can diverge sharply from their crypto cousins during off-hours moves. Whether longs or shorts are paying, and what that signals, is unpacked in our guide to positive vs negative funding, and live BingX rates run on the funding rates dashboard.

BingX Perpetual Contract Types & Leverage

BingX runs two distinct futures products. Perpetual Futures is the professional product, USDT and USDC-margined with cross or isolated margin and leverage to 125x on major crypto pairs. Standard Futures is a simplified per-order alternative with fixed position mechanics aimed at newer traders, a split between contract styles explained in our perpetuals vs futures guide.

Liquidations key off a dual-price mechanism that validates against index-derived pricing rather than the last trade alone, insulating positions from single-print wicks, and assets held in BingX Wealth can serve directly as futures margin. Copy positions inherit their leader's leverage and liquidation profile in full, and BingX's share of forced closures during volatile sessions is visible on our liquidations tracker.

BingX TradFi & Commodity Perpetuals

BingX offers more than 50 traditional-asset perpetuals, one of the widest lineups outside the largest exchanges, spanning gold and crude oil, forex pairs including EUR/USD, the S&P 500 and NASDAQ 100 indices, and US stock contracts on names like Nvidia, Apple, and Tesla. Everything settles in USDT from the same unified futures wallet as the crypto book, and select forex perps carry leverage to 500x, the highest figure anywhere on the platform.

The suite trades around the clock while its underlying markets keep banker's hours, which gives traders weekend and overnight exposure no traditional broker offers, at the cost of thinner books when the reference market is closed. How BingX's lineup measures against Binance, Bitget, MEXC, and Kraken is covered in our best TradFi perpetual exchanges guide.

BingX Licenses & Regulation

BingX holds an AUSTRAC registration in Australia through BINGX GLOBAL PTY LTD and a crypto registration with Lithuania's FCIS, with the group incorporated in the British Virgin Islands. No major enforcement settlement has been brought against the exchange, which separates its record from several larger rivals carrying nine-figure resolutions.

Europe is the open question. BingX EU disclosed in June this year that it has applied for CASP authorization under MiCA through Austria's FMA, describing the application as advanced but not approved, which leaves the exchange unauthorized to serve EEA users in the meantime, the same waiting room Bitget occupies at the same regulator. The wider licensing landscape is covered in our explainer on perpetual exchange regulation, and the country-level detail is maintained in our BingX restricted countries list.

Where is BingX Available?

BingX serves users in more than 160 countries while restricting 21 jurisdictions, including the United States, United Kingdom, Canada, and mainland China, and its restrictions cover the full product stack from spot through perpetuals and copy trading. VPN workarounds risk account suspension with limited recourse on an exchange whose license map is still thin.

EEA users sit in the pending-application gap until Austria's FMA rules, and the deepest product availability, including the TradFi perps and forex leverage, concentrates on the global platform. Fiat rails run through 300+ localized payment methods where access is open.

Is BingX Safe?

BingX's record includes one significant breach, handled about as well as these events allow. On September 20, 2024, attackers drained hot wallets across Ethereum and BNB Chain for losses reported between $43 million and $52 million. Withdrawals were paused, remaining funds moved to secure wallets, service resumed within roughly 24 hours, and affected users were fully compensated from the exchange's own reserves, followed by an enlarged Shield Fund and a platform-wide audit of the third-party integrations the attackers exploited.

Day to day, custody runs on cold storage with multi-signature controls, accounts carry 2FA and withdrawal protections, and the exchange publishes a Proof of Reserves page alongside external security ratings and an ongoing bug bounty. The honest residual is concentration risk in a mid-tier balance sheet, since a venue this size absorbs a nine-figure incident once, and counterparty risk never reaches zero on any centralized exchange.

How Does BingX Compare to Other Perpetual Exchanges?

BingX's closest fight is with MEXC for the cost-conscious derivatives trader, where it concedes the zero maker fee but answers with a TradFi lineup MEXC only recently began matching and a copy trading base MEXC lacks entirely, a matchup detailed in our BingX vs MEXC comparison. Against the tier above, its books run thinner on majors but its social layer and Guaranteed Price execution give it retail features the giants skip, contrasts covered in our Bybit vs BingX breakdown.

The structural gaps are license depth and long-tail catalog, where Gate and KuCoin list wider and the MiCA holders carry regulated EU access BingX is still applying for. Market-wide positioning across every venue updates in real time on the long/short ratio dashboard.