One dominates the narrative. One has better architecture. Latency, margin mechanics, fair ordering, community allocation — here is what the numbers actually say.
How to trade on BULK Exchange — from account setup to order types, margin mechanics, conditional orders, and fee optimization. The complete guide for traders going live on mainnet.
Perpetual futures are derivatives contracts with no expiry date. Instead of settling at a fixed date, they use a funding rate mechanism to keep price anchored to spot. They are the dominant trading instrument in crypto, with hundreds of billions in daily notional volume.
Perpetual futures use funding rates to keep prices tethered to spot. Positive funding means longs pay shorts. Negative funding means shorts pay longs. This guide explains how funding works on BULK Exchange and how to factor it into your position sizing.
BULK Exchange is a decentralized perpetuals exchange built as an L0 execution layer alongside Solana. It targets 5–20ms matching latency, uses leaderless BFT consensus, and enforces fair ordering that makes front-running mathematically impossible.