Now Live: Trade FX Perpetual Swaps 24/7 with Crypto
The foreign exchange market trades trillions every single day. It is the largest and most liquid financial market on earth — dwarfing equities, commodities, and crypto combined.
Until now, accessing FX required traditional brokers: paperwork, fiat bank wires, weekend closures, and overnight swap fees that quietly drain your account. BitMEX is changing that.
Introducing FX Perpetual Swaps (FX Perps) — derivatives contracts with up to 100x leverage, tradeable 24/7/365 using crypto as collateral. Six major currencies are available now: EUR/USD, USD/JPY, GBP/USD, USD/CHF, AUD/USD, and USD/CAD.
TL;DR:
Trade perpetual swaps on six major FX pairs using crypto as collateral — even when traditional FX markets are closed on weekends
New contracts: EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, and USD/CAD
Up to 100x leverage with crypto collateral – no fiat deposits required
0% base interest rate – no overnight swap/rollover fees (traditional brokers charge $5-15 per standard lot per night). Funding reflects real market dynamics
Trade FX to win up to $50,000: Trade any FX perp (or TradFi Perp) to earn your share of 50,000 USDT (more details here)
If you haven’t signed up for a BitMEX account yet, we are currently offering $5,050 worth of trading credits to new users — you can register here.
Why These Six FX Pairs Matter
These forex perpetual swaps are not random selections. They represent the most traded currency pairs in the global FX market, covering the major economies that drive macro trading.
The Majors:
EUR/USD: The world's most traded currency pair, accounting for roughly 23% of daily FX volume. The euro versus the US dollar — driven by ECB and Fed policy divergence, eurozone economic data, and transatlantic capital flows.
USD/JPY: The carry trade pair. The US dollar versus the Japanese yen — driven by Bank of Japan policy, US-Japan interest rate differentials, and risk sentiment. When markets panic, USD/JPY moves.
GBP/USD: Known as “Cable” (named after the transatlantic telegraph cable that once transmitted prices). The British pound versus the US dollar — driven by Bank of England decisions, UK economic data, and post-Brexit trade dynamics.
AUD/USD: Known as the “Aussie” — the Australian dollar versus the US dollar. Heavily driven by Reserve Bank of Australia (RBA) policy, global commodity prices (particularly iron ore and coal), and Chinese economic data as Australia is a major exporter of raw materials to China.
Secondary Majors:
USD/CHF: The safe haven pair. The US dollar versus the Swiss franc — the franc traditionally strengthens during geopolitical uncertainty and financial crises. A key hedging instrument.
USD/CAD: The "Loonie" — the US dollar versus the Canadian dollar. Heavily correlated with crude oil prices due to Canada's status as a major oil exporter. Trade energy macro through FX.
How to Trade FX with Crypto
FX Perps are perpetual swap contracts that track the price of an underlying currency pair. They have no expiration date. They don’t require you to convert your crypto to fiat. It’s pure exposure to the world's largest financial market using crypto as margin.
Here is what you get:
Use crypto as collateral: Use 8 margin currencies such as BTC, ETH, and SOL with Multi Asset Margining. Keep your holdings on-chain and trade FX pairs directly. No off-ramping, no bank wires, no traditional broker onboarding.
Trade 24/7/365: Traditional FX markets close Friday 5pm EST and reopen Sunday 5pm EST. That is a 48-hour gap where you cannot manage positions. BitMEX FX Perps never close. Trade EUR/USD on Saturday or Sunday morning. React to weekend macro news in real-time.
Up to 100x leverage Traditional retail FX brokers cap you at 30:1-50:1 depending on jurisdiction. BitMEX offers up to 100x. Amplify positions or use less capital for the same exposure.
No overnight swap fees: Traditional FX brokers charge swap/rollover fees every night your position is open — typically $5-15 per standard lot. On BitMEX, 0% base interest means your funding cost reflects pure market premium, not artificial charges.
Pricing and Index Methodology
Our index methodology uses aggregated price feeds for robust, continuous pricing. During traditional FX trading hours, our index price for FX Perps will be dominated by real-time TradFi prices. Outside of these hours (overnight, weekends, holidays), the index will be marked to the median of the Bid/Ask/Last Price on the BitMEX order book.
Full details on our FX Perps index methodology are available here.
Trading Fees
All FX Perps contracts feature the same fees as our derivatives contracts, starting at 0.0500% Taker and 0.0500% Maker. By staking BMEX Tokens or attaining higher 30D trading volumes, you can get fee discounts of up to 0.0150% Taker and 0.0320% Maker.
You can find the full fee schedule for FX Perps here.
Funding
Funding is paid based on the traded prices and the premium index, on the same 8-hour schedule as our existing perpetual swaps on BitMEX, regardless of FX trading hours.
BitMEX FX Perps use a 0% base interest rate. Traditional FX brokers hard-code overnight swap/rollover fees into every position — these can cost $5-15 per standard lot per night, or thousands of dollars annually on active positions.
Our FX Perps strip out that structural cost. Our funding rate reflects pure market premium — nothing more. If the contract is not trading at a premium or discount to the index, your cost to hold is zero. This matters for swing trades and macro positions.
Complete List of FX Perps on BitMEX
With this launch, BitMEX offers 6 FX Perp contracts:
Major Pairs:
EUR/USD — Euro vs US Dollar
USD/JPY — US Dollar vs Japanese Yen
GBP/USD — British Pound vs US Dollar
AUD/USD — Australian Dollar vs US Dollar
Secondary Majors:
In addition to the new FX Perps, BitMEX offers a range of TradFi Perps across stocks, indices, commodities, and more. You can find the full list of TradFi Perps here.
Trade FX and Win up to $50,000
To celebrate the launch of our new 24/7 FX Perps, we are offering traders a chance to win up to $50,000. Here's how you can win your share.
Instant Bonus: Complete your first TradFi Perp trade and receive $5 in trading credits. First-come, first-served.
Get Paid to Trade: Automatically qualify for a share of the prize when you trade any TradFi Perp.
Get Paid to Post: Share your TradFi Perp weekend trade on X, tag @BitMEX, earn additional trading credits.
Full campaign details and rules are available here.
What’s Next?
We will continue expanding FX Perps and list of TradFi Perps based on trading demand and market interest. If there is a currency pair or TradFi product you want to trade with crypto, let us know on X.
Disclaimer: Our FX Perps are offered exclusively by RDH Limited, Inc. and subject to separate terms of service available here.
To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders.
For the absolute latest, follow us on Twitter, join our Telegram channel or read our blog and site announcements.
In the meantime, if you have any questions please contact Support who are available 24/7.
Ready to trade? Explore the full FX Perps selection on BitMEX here.
