BM.XYZ supports spot and perpetual (perps) markets on a central limit order book (CLOB). All fills settle on BM Chain and can be verified in the explorers.
Market types
Spot
Buy or sell the base asset against a quote asset (e.g. BTC/USDC). No leverage is applied — you trade only what you hold.
Perpetuals
Trade price exposure with leverage. Positions are margined in USDC; funding payments balance long/short interest over time.
Trade page layout
| Area | Purpose |
|---|
| Chart | TradingView candlesticks, multiple timeframes |
| Order book | Live bids/asks and depth |
| Order panel | Side, size, price, leverage (perps), order type |
| Bottom tabs | Balances, positions, open orders, history |
Margin modes (perps)
| Mode | Description |
|---|
| Cross | Shared margin across all cross positions |
| Isolated | Margin locked per position; supports add/remove margin on testnet |
Testnet scope
| Capability | V1 | V2 |
|---|
| Market / Limit orders | ✅ | ✅ |
| Post-Only | — | — |
| Reduce-Only | — | Mainnet |
| Advanced stop / TP orders | — | ✅ |
| TP/SL on order entry | — | ✅ |
| One-click close all | — | Mainnet |
Advanced stop and TP/SL features — including TP/SL on order entry and standalone trigger orders — are available on testnet V2 only. One-click close all and Reduce-Only are targeting mainnet.
Before you trade
- Complete Getting started to connect your wallet and claim test USDC from the faucet.
- Ensure you have a sufficient test USDC balance before placing any order.
- For perps, set your desired leverage and review the estimated liquidation price before submitting.
