FAQs

1. What is Commodity Perpetual Futures?

In global investing, commodities are a key asset class alongside stocks, bonds, and forex. They are highly liquid, and their price fluctuations are often closely tied to macroeconomic trends. Commodities typically refer to standardized, highly liquid physical assets like gold, crude oil, silver, and natural gas.

Commodity Perpetual Futures are derivative products offered by BingX that track the price movements of these physical commodities. Users can go long or short on traditional financial assets using USDT without the need to hold or deliver the actual physical asset.

Commodity perpetual futures are essentially a type of RWA (Real World Asset).These contracts utilize tokenization to map the prices of physical commodities, such as gold, silver, and crude oil, onto the blockchain, enabling users to capitalize on price movements without holding the physical assets.
The underlying prices of commodity perpetual futures are typically derived from indices of tradable commodity tokens or prices from third-party sources such as IG, and are provided for reference only. They do not represent any form of physical commodity or ownership rights.

2. Which features are not yet supported in Commodity Perpetual Futures?

Currently, Commodity Perp Futures do not support Guaranteed Price (trigger order Guaranteed Price/Guaranteed TP and SL), Copy Trading (for some trading pairs), Grid Trading (for some trading pairs), Martingale, Signal Trading, AI Analysis, or Bonus Voucher (only Trial Fund and Position Voucher are supported). Orders can only be placed by quantity or value; placing orders by cost is not supported.

3. Which regions are restricted from accessing Commodity Perpetual Futures?

Due to compliance restrictions, commodity perpetual futures are not currently available in regions including the UAE, the Czech Republic, Indonesia, the UK, Canada, the USA, Hong Kong, Singapore, Cuba, North Korea, the Middle East, Taiwan, and Austria (some products may vary; please refer to the actual page).

4. What is the trading fee rate for Commodity Perpetual Futures?

The trading fee rate for Commodity Perpetual Futures is calculated separately, with promotional rates as low as 0-0.003%. For more details, please see >>

＊In some regions, the promotional rates gradually end starting from 2026-03-11. Please refer to the fee page for the actual rates displayed.

5. Is the trading volume of commodity Perpetual Futures included in the event/VIP level/voucher unlock statistics?

- Unless otherwise specified, regular events do not include trading volume from commodity perpetual futures. 

- Starting from 2026-02-11, TradFi futures trading volume will be converted according to the fee standard of the user's KYC/KYB verification region and included in the "30D Futures Trading Volume" required for VIP level upgrade. The system will automatically retroactively calculate eligible TradFi trading volume from the past 30 days. For details on the conversion ratio and rules for VIP level calculation, please refer to >>

- Excluded from the trading volume threshold for unlocking vouchers.

6. Trading Hours

Commodity Perpetual Futures has specified opening and closing hours, please go to the related page for specifics.

⚠️Note

- During the non-trading session, order cancellations are allowed, but opening positions, closing positions, placing new orders, and modifying the price or amount of existing orders are not supported. 

- During market close, if funding rate deductions cause your margin to fall below requirements, a liquidation may still be triggered. Please monitor your risk and top up your margin promptly. Due to unstable external market data sources and holidays, Commodity Perpetual Futures may have temporary non-trading sessions. The actual opening may be delayed until stable market data is available. Please refer to the trading page for the official opening time. 

- To prevent extreme market movements—such as opening gaps—in forex, commodities, stocks, and index perpetual futures, BingX has introduced an opening protection mechanism. Within the first 5 minutes after the market opens, the system will temporarily cap the Take Profit limit at 20x and automatically close positions. This helps users secure profits in times of extreme volatility. This mechanism is only effective during the first 5 minutes after opening and will return to normal afterward. It will not affect your overall trading strategy.

The “20x Take-Profit Limit” Works as Follows

The Take Profit price under this mechanism is not based on the candlestick chart price but is calculated based on the profit multiple limit of the user’s position.

Maximum Take-Profit Price = Position Margin × Price Corresponding to 20x Profit

This price is a fixed trigger level calculated directly by the system according to the rules. It does not depend on real-time filled prices or whether a candlestick chart level is reached.

*Notes:*

- The real-time margin of the position can be affected by added funds, margin adjustments, funding fees, and other factors, which can lead to changes in the maximum Take Profit price.

- Starting from 2026-01-16, the 20x maximum Take Profit limit is removed for GOLD and SILVER products (SILVER was renamed to 100SILVER (100XAG) on 2026-02-10).

7. Additional Info

a. The funding rate mechanism for Commodity Perpetual Futures is the same as for Crypto Perpetual Futures, typically settled every 8 hours between buyers and sellers; if the funding rate is positive, buyers pay sellers; if negative, sellers pay buyers. See funding rate details >>

b. Due to heightened uncertainty in commodity markets after closing, price gaps may occur upon reopening. Additionally, funding rates will continue to be charged during the closure. To mitigate liquidation risks, please monitor your risk before the market closes and either add sufficient margin or partially close positions to reduce risk. Five minutes before the market closes, the maintenance margin rate will increase by 2.5% on top of the current value (e.g., if the current maintenance margin rate is 1%, it will become 1.025%). This will affect existing positions. Please closely follow the non-trading session time and your position risk to avoid losses from forced liquidation.

c. Market data for commodity perpetual futures comes from third-party platforms such as IG, Bloomberg FX, and tokenized commodity indices.

d. There is an ADL mechanism for commodity perpetual futures consistent with crypto Perpetual Futures. For more details, please refer to >>

e. To ensure trading fairness and system stability, opening both long and short positions simultaneously on TradFi trading products will be prohibited before the market closes. It is recommended to arrange your trading operations in advance. Additionally, before the market closes, the system will dynamically adjust the maximum leverage for new positions. Existing positions are not affected; please refer to the actual trading prompts.

*If malicious trading behavior is detected, the platform will initiate risk control actions on the relevant account(s). Measures include, but are not limited to, deduction of abnormal profits, restriction of trading permissions, and account bans.

f. During significant macroeconomic data releases or events, financial market volatility is usually greatly increased, and there may be sharp price changes and liquidity fluctuations in a short period. To effectively control trading risk under extreme market conditions and protect users' asset security, BingX will temporarily lower the maximum available leverage for certain trading pairs in the TradFi section during relevant time windows, and will dynamically restore it depending on market conditions.

Please monitor key data and event schedules in advance, manage your positions and margin prudently, and avoid unnecessary risk exposure from extreme market volatility.

BingX will continue to monitor market dynamics and promptly adjust relevant parameters based on risk conditions. Thank you for your understanding and support.