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Perpetual Futures on Equities

1. Asset Scope

What instruments are available at launch?

Here is a list of instruments available for trading on Crypto.com Exchange.

We continuously validate and review these contract specs from time to time. Please refer to this doc for updates: Derivatives Trading

How are these different from crypto perps?

These perpetuals reference real-world assets (equities) rather than crypto tokens. Key differences:

Dimension

Crypto Perps

Equity Perps

Underlying

Crypto assets (BTC, ETH, alts, etc.)

Stocks, ETFs

Exposure

Crypto price

TradFi price without owning shares

Trading hours

24/7

24/7

Index / mark price

Crypto exchange composite / index

TradFi oracles + peer venue marks

Data feed bar (CDC listing)

Typically simpler; venue-native

≥3 sources preferred

Corporate actions

None

Dividends, splits, M&A, delisting - manual ops & contract changes

Volatility / gaps

High vol; continuous tape

Overnight/weekend gaps, open/close moves

Country / compliance

Crypto-specific rules

Country restrictions, TradFi/regulatory constraints

User disclosure

Standard perp risks

no ownership, no voting

How are instruments categorized on the platform?

One new market tag, Stocks, is added under the perpetual market:

  • Stocks: $TSLA, $NVDA, $AAPL, $AMZN, $META, $GOOGL, $MSFT, $NFLX, $ORCL, $CRCL, $COIN, $MSTR, $HOOD, $INTC, $AMD, $PLTR, $DRAM, $TSM, $AVGO, $CBRS, $MU, $SNDK, $EWY


2. Index Price

How is the index price calculated?

The index price is a weighted median of prices from multiple data feeds. Each instrument has bespoke index constituents. We continuously validate and review the index constituent from time to time, and you could check the latest index constituent information from: https://static2.crypto.com/exchange/assets/documents/Exchange - Index Constituent.pdf

Symbol

Pyth Lazer

Chainlink

ICE

HL-xyz Mark

Binance Index

OKX Mark

TSLAUSD-PERP

33%

33%

33%

0%

1%

0%

NVDAUSD-PERP

33%

33%

33%

0%

1%

0%

AAPLUSD-PERP

33%

33%

33%

0%

1%

0%

METAUSD-PERP

33%

33%

33%

0%

1%

0%

MSFTUSD-PERP

33%

33%

33%

0%

1%

0%

GOOGLUSD-PERP

33%

33%

33%

0%

1%

0%

AMZNUSD-PERP

33%

33%

33%

0%

1%

0%

MSTRUSD-PERP

33%

33%

33%

0%

1%

0%

CRCLUSD-PERP

33%

33%

33%

0%

1%

0%

COINUSD-PERP

33%

33%

33%

0%

1%

0%

HOODUSD-PERP

33%

33%

33%

0%

1%

0%

INTCUSD-PERP

33%

33%

33%

0%

1%

0%

PLTRUSD-PERP

33%

33%

33%

0%

1%

0%

AMDUSD-PERP

33%

33%

33%

0%

1%

0%

DRAMUSD-PERP

0%

0%

33%

33%

0%

33%

NFLXUSD-PERP

49%

0%

49%

1%

0%

1%

ORCLUSD-PERP

33%

33%

33%

0%

0%

1%

TSMUSD-PERP

33%

33%

33%

0%

1%

0%

AVGOUSD-PERP

49%

0%

49%

0%

1%

1%

CBRSUSD-PERP

0%

0%

33%

33%

0%

33%

MUUSD-PERP

33%

33%

33%

0%

1%

0%

SNDKUSD-PERP

33%

33%

33%

0%

1%

0%

EWYUSD-PERP

49%

0%

49%

0%

1%

1%

3. Mark Price

What is the mark price formula?

Same formula for existing crypto perps. Please refer to this doc for more details: Key Applicable Terms - Perpetuals

4. Funding Rate

How does the funding rate work during active hours?

Same formula as existing crypto perps. Please refer to this doc for more details: Funding and Session Settlement

How does the funding rate work during off-market hours?

During inactive hours, the funding rate switches to Default Premium Rate Mode:

  • Premium rate is set to a default value (not derived from mark - frozen index)

  • Current Default Premium rate = 0.02284% (per 4-hour funding interval)


5. Market Hours & Sessions for Underlying Assets

What are the equity trading sessions?

24/5 coverage with 4 distinct sessions:

Session

Hours (ET)

Pre-market

Mon–Fri 4:00 AM – 9:30 AM

Regular

Mon–Fri 9:30 AM – 4:00 PM

Post-market

Mon–Fri 4:00 PM – 8:00 PM

Overnight (Blue Ocean ATS)

Sun–Thu 8:00 PM – 4:00 AM

After Hours

Weekends + holidays

Weekend blackout: 48 hours (Friday 8 PM – Sunday 8 PM ET).

What are the market status values?

Status

Stocks

Indices

Pre-market

Yes

Yes

Regular

Yes

Yes

Post-market

Yes

Yes

Overnight

Yes

Yes

After Hours

Yes

Yes

What are the holiday schedules?

NYSE/NASDAQ Holiday Closures:

The timezone we use is Eastern Time. Please refer to NYSE/NASDAQ Holiday and Trading Hours and Blue Ocean ATS Holiday and Trading Hours for detailed information.


7. Margin & Leverage

What margin modes are available?

User Type

Available Modes

Default

Retail

Isolated and Cross Margin

Isolated

Non-retail

Isolated or Cross Margin

Cross


8. UI Flow - Web & App

How do users find commodity and index perps?

Web:

  • Navigate to the Perpetual market.

  • One new tab: Stocks

  • Instruments are searchable.

  • Each instrument has an RWA icon with tooltip: "The price of the perpetual contract references external data sources tracking real-world assets".

App:

  • Same tabs under Perpetual market selector.

  • RWA icon with bottom sheet explanation.

  • Category filters are not available for commodity/index perps.


9. Country & Region Restrictions

Where are commodity/index perps unavailable?

70+ countries and regions, including: US, Canada, UK, EU member states, Australia, Japan, Hong Kong, Singapore, Switzerland, and others. Here is a full list of geo-restrictions: Perpetual Futures on Traditional Assets Geo-Restrictions

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