HedgerX perpetual futures: contracts, leverage and fees
HedgerX lists 16 USDT-margined perpetual futures with leverage up to 100x. Positions can be liquidated, and a loss can exceed what you expected if you use cross margin or high leverage.
HedgerX's contract risk disclosure says derivatives involve high leverage and significant risk, and that you may lose part or all of your funds. It says HedgerX will neither share gains nor cover losses.
Coin-margined contracts and delivery contracts are described as under development. Only USDT-margined perpetuals are live.
The 16 contracts
BTCUSDT, ETHUSDT, SOLUSDT, XRPUSDT, DOGEUSDT, TRXUSDT, ADAUSDT, HYPEUSDT, LINKUSDT, BCHUSDT, LTCUSDT, AAVEUSDT, TAOUSDT, BNBUSDT, AVAXUSDT and SUIUSDT. All are perpetual, with no expiry date, and settled in USDT.
BTCUSDT parameters
| Item | Value |
|---|---|
| Settlement currency | USDT |
| Contract size | 1 contract = 0.0001 BTC |
| Leverage range | 1x to 100x |
| Initial margin rate | 1.00% (at 100x) |
| Maintenance margin rate | 0.5% at the first tier, up to 5.5% |
| Minimum order | 1 contract |
| Price protection | 10% |
| Limit order price cap and floor | 10% above and below |
| Maximum open orders | 200 |
| Open conditional orders | Up to 50 per type |
Fees and funding
On most contracts makers pay 0.02% of position value and takers pay 0.06%. TAOUSDT has a 0.03% maker fee. Longs and shorts exchange funding every 8 hours, and HedgerX does not collect it. See funding rate.
Margin and liquidation
You can use isolated margin, cross margin or hedge mode. Liquidation triggers on the mark price. If you do not set leverage, HedgerX uses 20x. Liquidation tiers and the insurance fund explain what happens when a position fails.
Rules that can change
In abnormal markets HedgerX may adjust maximum leverage, position limits and maintenance margin. Its terms of use also let it suspend trading in extreme conditions.
Frequently asked questions
What is the maximum leverage?
HedgerX states up to 100x on USDT-margined contracts. For BTCUSDT it drops with position size, from 100x at the smallest tier to 16x at the largest. Check the contract information page for each contract.
What contracts are available?
BTC, ETH, SOL, XRP, DOGE, TRX, ADA, HYPE, LINK, BCH, LTC, AAVE, TAO, BNB, AVAX and SUI, all settled in USDT.
Where does the index price come from?
For BTCUSDT, HedgerX uses Binance, Bybit and OKX, with weights of about 43.4%, 35.7% and 20.9%.
Open a HedgerX account
Registration takes a few minutes. HedgerX states that its services are not available in China, Turkey, Kazakhstan and Indonesia. Futures trading can liquidate your position. This page is not financial advice.
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