BULK Exchange has a conditional order system that lets you automate your entire trade lifecycle. Stop-loss, take-profit, trailing stops, range orders (OCO), and on-fill triggers all run without manual intervention.
BULK Exchange's liquidation engine doesn't just close the worst position first. It runs a 100-cycle optimizer that skips positions that provide hedging benefit, targeting margin recovery with minimal portfolio disruption.
Auto-deleveraging (ADL) is the mechanism of last resort on BULK Exchange. It triggers only when the insurance fund is insufficient to cover a liquidation shortfall. BULK describes it as "an exceptionally rare event." This page explains how it works and who it affects.
BULK Exchange supports six order types: market, limit GTC, IOC, ALO (post-only), and conditional orders (stop-loss, take-profit, trailing stop, on-fill, range). This guide explains when and how to use each.
BULK Exchange uses portfolio margin by default — a 9-regime HMM model that claims up to 70% efficiency on hedged portfolios. This page explains how it works, how it differs from per-position margin, and when to use isolated margin instead.
BIP-1 is BULK Exchange's proposal to allow anyone to create a perpetual market — the same move Uniswap v2 made for spot trading. Any asset with a Pyth oracle can get a perp. This is the feature most likely to drive BULK Exchange's long-term volume.