Yes. BitMEX TradFi Perps trade 24 hours a day, seven days a week, just like crypto markets. Traditional US stock markets operate between 9:30 a.m. and 4:00 p.m. ET on weekdays. Forex markets operate between Friday 5pm EST and reopen Sunday 5pm EST. Commodities have even more limited trading windows. TradFi Perps allows traders to access equity, forex, and commodities exposure at any time, regardless of whether traditional markets are open. Additional risks may apply when trading outside traditional trading hours.
What are the risks of trading TradFi Perps outside US hours?
Additional risks may apply when trading outside traditional trading hours. The primary concerns are lower liquidity and wider spreads.
Lower liquidity
When traditional markets are closed, fewer participants trade TradFi-related products. This can result in wider bid-ask spreads and less depth in the order book. Larger orders may experience greater slippage during these periods.
Price discovery limitations
During out-of-hours sessions, the price index relies on alternative reference feeds rather than live TradFi market data. These include tokenised stocks, equity futures markets, and internal order book mechanisms. Prices may be less reflective of the next regular-session open.
Volatility from external events
Major news events occurring outside US hours can cause sharp price movements with limited counterparty participation. Traders should size positions accordingly and use stop-loss orders during these periods.
Further information can be found on our terms of services here.
How does pricing work outside US market hours?
For Equity Perps:
When US stock markets are open, the BitMEX Equity Perps price index tracks live spot prices from traditional financial data sources through oracles like Pyth.
When traditional markets close, the platform shifts to alternative reference feeds:
- Tokenised stocks – providing continuous price tracking of the underlying equity
- After-hours trading venues – capturing extended-session price data
- Equity futures markets – offering forward-looking price signals
- Internal order books – with price bands and smoothing algorithms to maintain orderly markets
For Forex and Commidity Perps:
When forex markets are open, the BitMEX Forex Perps price index tracks live forex prices from traditional financial data sources.
When traditional markets close, the platform shifts to alternative reference feeds:
- Internal order books – with price bands and smoothing algorithms to maintain orderly markets