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Index Futures Product Introduction

  • Updated

I. Product Overview

SuperEx Index Futures is an innovative futures trading product.

Users can use non-mainstream, small-cap cryptocurrencies as margin and profit-and-loss settlement assets to trade the index prices of major trading pairs such as BTC/USDT and ETH/USDT, enabling a futures trading experience where “altcoins leverage mainstream market trends.”

This product is priced based on multi-exchange index prices and combined with a perpetual futures mechanism. While ensuring fair pricing, it significantly enhances the capital efficiency and trading scenarios of altcoins.

II. Core Innovations

1. Altcoins as Margin and Settlement Assets

Supports the use of selected non-mainstream cryptocurrencies as:

  • Opening margin

  • Profit and loss settlement assets

Profits and losses are directly reflected in the balance of the corresponding altcoin based on contract results.

This transforms originally low-liquidity altcoins into trading tools that can directly participate in mainstream market fluctuations.

2. Trading Major Cryptocurrency Index Prices

  • Contract prices are based on major index prices such as BTC/USDT and ETH/USDT

  • Index data is sourced from multiple major exchanges

  • Effectively avoids abnormal pricing and manipulation risks from a single exchange

What users trade is mainstream market trends, not the price fluctuations of the altcoin itself.

3. Index Perpetual Futures Mechanism

  • Adopts a perpetual futures structure with no expiration or delivery

  • Uses an index price + mark price mechanism for:

    • Unrealized PnL calculation

    • Liquidation determination

This improves trading fairness and reduces issues such as price spikes and abnormal liquidations.

III. Core Product Advantages

1. Unlocking the Value of Altcoin Assets

  • Altcoins are no longer limited to spot trading or long-term holding

  • Can directly participate in BTC / ETH mainstream market movements

  • Improves asset utilization and trading frequency

2. Lowering the Capital Threshold for Mainstream Futures Trading

  • No need to convert altcoins into USDT or BTC

  • Reduces conversion friction and potential slippage losses

  • Enables more flexible capital management

3. New Tools for Hedging and Arbitrage

Through this product, users can achieve:

  • Hedging risks of altcoin holdings

  • Directional trading on mainstream market trends

Provides more strategic possibilities for quantitative and professional traders.

4. Index Pricing for Greater Stability and Fairness

  • Weighted calculation based on prices from multiple exchanges

  • Smooths abnormal volatility

  • Liquidation and settlement are executed based on the mark price

Effectively protects user trading experience and system stability.

5. Enriching the Futures Product Matrix

Distinct from traditional:

  • USDT-margined futures

  • Coin-margined futures

Builds a differentiated index derivatives system for SuperEx, enhancing the platform’s innovation image and market recognition.

IV. Target Users

  • Users holding altcoins but bullish on BTC / ETH market trends

  • Traders seeking higher asset utilization

  • Quantitative / high-frequency / arbitrage strategy users

  • Futures traders who prefer not to frequently convert assets

V. Example

  • A user uses ABC Token as margin

  • Opens a BTC/USDT index perpetual futures position

  • If the BTC index rises, profits are settled in ABC Token

  • If the index falls, losses are deducted in ABC Token

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