RWA Perpetuals

GX Exchange offers perpetual contracts on real-world assets (RWAs), providing 24/7 decentralized exposure to traditional financial instruments including equities, commodities, and indices.

Asset Categories

Equities

Perpetual contracts tracking the price of individual stocks, settled in USDC:

• US tech: AAPL, GOOGL, MSFT, AMZN, TSLA, NVDA, META
• Financial: JPM, GS, BRK
• Other sectors: Major constituents of the S&P 500

Commodities

Perpetual contracts on commodity spot prices:

• Precious metals: XAU (Gold), XAG (Silver)
• Energy: WTI Crude Oil, Natural Gas
• Agricultural: Selected contracts based on demand

Indices

Perpetual contracts tracking major equity indices:

• US: S&P 500 (SPX), Nasdaq 100 (NDX), Dow Jones (DJI)
• International: Selected based on oracle availability

Oracle Sources

RWA perpetuals require oracle feeds that bridge traditional market data to the blockchain:

• Market hours: During traditional market hours, prices are sourced from real-time exchange data via the validator oracle network
• After hours: When traditional markets are closed, the oracle uses the last closing price with a reduced funding rate to minimize basis drift
• Weekends: Weekend pricing uses Friday’s close. Funding rates are reduced to near-zero during market closures

Trading Hours

Unlike traditional markets, RWA perpetuals on GX Exchange are available for trading 24/7:

• Positions can be opened, closed, or modified at any time
• Liquidity may be thinner outside traditional market hours
• Mark prices during off-hours are based on the most recent oracle update
• Funding continues to accrue 24/7 but at reduced rates when traditional markets are closed

Margin Requirements

RWA perpetuals use the default margin tier configuration:

Lower leverage limits reflect the higher gap risk associated with traditional assets (overnight gaps, earnings announcements, etc.).

Corporate Actions

RWA perpetuals handle corporate actions (stock splits, dividends, etc.) through oracle adjustments:

• Stock splits: The oracle price and position sizes are adjusted proportionally
• Dividends: Handled via a funding adjustment on the ex-dividend date
• Delistings: See Delisting for the wind-down process

Fees

RWA perpetuals use the same fee schedule as standard crypto perpetuals. Volume from RWA markets contributes to the user’s 14-day rolling volume for tier calculation.

Settlement

All RWA perpetuals settle in USDC. There is no physical delivery of the underlying asset. PnL is calculated as:

pnl = position_size * (mark_price - entry_price)

Where mark price tracks the dollar-denominated price of the underlying RWA.