Find answers to common questions about trading stock and commodity perpetual futures on LeveX, including how they work, what's available, and how they differ from traditional stock trading.
General Questions
What are stock and commodity perpetuals?
Stock and commodity perpetuals are derivative contracts on LeveX that track the price of traditional market assets like stocks, ETFs, and commodities. They work the same way as crypto perpetual futures: you can go long or short with leverage, positions have no expiration date, and everything is settled in USDT. You are trading price exposure, not buying the underlying asset.
What stocks and commodities can I trade on LeveX?
LeveX currently offers 22 stock and commodity perpetuals: Nvidia (NVDA), Tesla (TSLA), Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), Meta (META), AMD, Broadcom (AVGO), Taiwan Semiconductor (TSM), Intel (INTC), Micron (MU), MicroStrategy (MSTR), Coinbase (COIN), Robinhood (HOOD), Alibaba (BABA), Circle (CRCL), SanDisk (SNDK), SPY, QQQ, WTI Crude Oil (CL), and Brent Crude Oil (BZ). All are paired with USDT.
Do I need a brokerage account to trade stock perpetuals?
No. Stock perpetuals on LeveX are crypto-native derivatives. You only need a verified LeveX account and USDT to trade. There is no connection to traditional stock exchanges or brokerage infrastructure. All trading, settlement, and margin management happen on LeveX.
Trading Mechanics
What leverage is available on stock perpetuals?
Stock and commodity perpetuals support adjustable leverage up to 50x. You can set your leverage level per position before opening a trade. Higher leverage requires less upfront capital but brings the liquidation price closer, increasing the risk that adverse price movement closes your position automatically.
Can I trade stock perpetuals 24/7?
Yes. All stock and commodity perpetuals on LeveX trade 24 hours a day, 7 days a week, including weekends and holidays. This is a significant advantage over traditional stock and commodity markets, which have limited trading sessions. You can react to overnight earnings releases, weekend news, and global macro events without waiting for a market to open.
What happens to the price when the stock market is closed?
The perpetual contract continues trading based on available market sentiment, global developments, and trader activity on LeveX. When the underlying stock or commodity market reopens, the perpetual price typically reconverges with the actual market price. During off-hours, spreads may be wider and liquidity may be lower than during regular market sessions.
How does the funding rate work on stock perpetuals?
The funding rate is a periodic payment between long and short holders that keeps the perpetual contract price aligned with the underlying asset's price. When the contract is above the reference price, longs pay shorts. When below, shorts pay longs. Funding rates fluctuate based on demand imbalance and can be elevated during earnings, Fed meetings, or other events that drive heavy directional positioning.
Are stock perpetuals the same as tokenized stocks?
No. Tokenized stocks represent actual shares of a company wrapped in a blockchain token, with the holder typically having claim to ownership rights. Stock perpetuals are derivative contracts that track price only. There is no underlying share, no custody of equity, and no issuer holding stock on your behalf. They are purely for directional trading.
Ownership and Dividends
Do I own the stock when I trade stock perpetuals?
No. Stock perpetuals are derivative contracts that track the price of the underlying asset. Holding a TSLA/USDT perpetual position does not give you ownership of Tesla shares, voting rights, or any shareholder benefits. You are trading the price movement of the stock, not the stock itself.
Do stock perpetuals pay dividends?
No. Dividends declared by the underlying company do not pass through to perpetual contract holders. Companies like Apple, Microsoft, and Broadcom pay dividends to equity shareholders, but these distributions are not reflected in perpetual contract positions. Your returns come exclusively from price movement and funding rate dynamics.
Can I withdraw my position as actual stock shares?
No. Stock perpetuals exist entirely within the LeveX trading ecosystem. They cannot be converted to shares, transferred to a brokerage, or delivered as equity. To hold actual shares, you would need to use a traditional stock brokerage.
Risk and Position Management
What are the risks of trading stock perpetuals with leverage?
Leveraged trading amplifies both gains and losses. The primary risks include liquidation if price moves against your position enough to deplete margin, funding rate costs that accumulate on positions held for extended periods, and price gaps that can occur when the underlying stock market reopens after a weekend or holiday. Using stop-loss orders and conservative position sizing are essential risk management practices.
What happens if a stock gaps at market open?
Stock prices can move significantly between Friday's close and Monday's open, or overnight after an earnings release. If you hold a leveraged perpetual position through one of these periods, the contract price adjusts to reflect the new underlying price when the stock market reopens. This can result in rapid margin depletion or liquidation on highly leveraged positions. Consider reducing leverage or closing positions before known gap risk events like earnings.
Can I use stop-loss orders on stock perpetuals?
Yes. Stop-loss and take-profit orders work on stock perpetuals the same way they work on crypto perpetuals. They are strongly recommended for all leveraged positions, particularly on single-stock contracts where individual company news can move the price sharply. Setting defined exit levels before entering a trade is the foundation of responsible leveraged trading.
Is there a minimum position size for stock perpetuals?
Minimum position sizes are defined per contract and depend on the underlying asset's price and the leverage level selected. Check the trading interface for the current minimum for each pair.
Getting Started
How do I start trading stock perpetuals on LeveX?
Log into your verified LeveX account, navigate to the perpetuals trading interface, and select a stock or commodity pair. Set your direction (long or short), choose your leverage, define your stop-loss and take-profit levels, and open the position. The process is identical to trading crypto perpetuals.
Do I need additional verification to trade stock perpetuals?
Stock perpetuals are available to all users who meet LeveX's standard verification requirements for futures trading. No additional KYC or account upgrades are needed beyond what is required for crypto perpetuals.
For a detailed explanation of how stock and commodity perpetuals work, including funding rates, margin mechanics, and trading hours, see our complete support guide.