Forex (FX) Perps with Crypto on BitMEX: 24/7 Trading, No Swap Fees

BitMEX released a complete guide to trading Forex (FX) with crypto via its FX perpetual swaps (FX Perps). The article says the FX market moves about $7.5 trillion per day, but traditional brokers are limited to weekday hours and charge overnight swap fees. With BitMEX FX Perps, traders deposit BTC or USDT as collateral, open long/short positions, and settle P&L in crypto. Key claims for Forex (FX) with crypto include: 24/7/365 trading for major pairs (EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD), up to 100x leverage (and the guide also mentions up to 50x later in the FAQ), and zero overnight swap fees. Instead of swap fees, the main recurring cost is a market-driven funding rate exchanged between longs and shorts every 8 hours, which the guide says is often near zero when the perp trades close to the index. The guide explains how FX Perps work like crypto perpetuals: the contract tracks a currency-pair index, has no expiry date, and uses a perpetual funding mechanism to stay anchored to the spot rate. It also highlights risk controls such as using stop-loss orders, knowing liquidation prices, applying the “2% rule” for account risk, and starting with lower leverage. A “real trade” walkthrough covers BitMEX verified-account sign-up (KYC), crypto deposits, selecting a TradFi FX contract, choosing cross vs isolated margin, setting leverage/order type, and monitoring P&L and funding rate.