Dear BingX Users,
To expand users' portfolio with new commodity products and match their diverse trading strategies., BingX Perpetual Futures Copy Trading has added GOLD and SILVER as new commodity trading products! Gold and silver prices are closely linked to global political and economic trends. They offer diverse asset allocation potential and continuous trading opportunities, giving you more investment options in copy trading.
FAQs
1. What is Commodity Perpetual Futures?
Commodities, alongside stocks, bonds, and forex, are a core global asset class. They are characterised by high liquidity and strong correlation with macroeconomic factors. Common products include standardized physical assets such as gold, crude oil, and silver.
Commodity Perpetual Futures are a type of RWA derivative launched by BingX. They use tokenization to map the prices of physical commodities on-chain. There is no need to hold the physical assets or engage in delivery. You can go long or short on traditional financial instruments using USDT only. The price of these instruments is based on commodity token indices or third-party data from platforms like IG. They do not represent ownership of the physical goods.
2. Which regions are restricted from accessing Commodity Perpetual Futures?
Due to compliance requirements, 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 are temporarily not supported, in alignment with Commodity Perpetual Futures. Refer to details >>.
3. What is the trading fee rate for Commodity Perpetual Futures Copy Trading?
Adopts the Perp Futures VIP 0 fee rate tier. See details >>.
4. Why did my copy order not go through?
a. The price spread between USD and USDT is too large
b. The copier is restricted by their own risk control rules
c. Copy order signal was triggered while the market was closed
* Commodity Perpetual Futures have opening and closing hours. For details, see the futures trading page.
5. Why did I fail to close my position?
During market closure, commodity perpetual futures cannot be closed. Attempts to execute "Market Close" or "Close All" will fail. You may still close non-commodity trading pairs individually via "Market Close". Please wait for the market to reopen before closing any commodity futures positions.
6. Does it support zero slippage?
No.
7. What Copy Trading actions can be performed during market closure?
Only margin adjustment is supported. Setting TP/SL is not currently supported.
8. Can a copier cancel the copy relationship during market closure while holding a GOLD or SILVER position?
Cancellation is not possible. Since positions cannot be operated during market closure, the system will process GOLD- or SILVER-related positions only after the market reopens on Monday. Only then can the copy relationship be fully removed, and the corresponding funds will be released accordingly.
9. If a copier holds both GOLD/SILVER and other token positions at the same time, will canceling the copy relationship affect other token pairs?
There will be no impact. Positions in other token pairs will be closed normally and will not be affected by the processing progress of the GOLD/SILVER position.
10. 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 fees will continue to be charged during the closure. To reduce your risk of liquidation, please check your risk levels before the market closes and either add sufficient margin or partially close positions. Five minutes before market closure, the maintenance margin rate will increase by 2.5% based on the current value (e.g., if the current rate is 1%, it will increase to 1.025%). This will affect existing positions. Pay close attention to the closing time and your risk status to avoid losses due to 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 >>.
