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Isn't it rather different to CFDs because of the interest mechanism that it uses to keep the price aligned with spot? Where else have we seen that before Bitmex
by hntrader 6y ago
Isn't it rather different to CFDs because of the interest mechanism that it uses to keep the price aligned with spot? Where else have we seen that before Bitmex?
The inversion was another big innovation of the perp contract, yes.
- qeternity 6y agoNo, spread bettors have constant (daily) financing adjustments. We’ve seen this loads before, it isn’t novel.
- tim333 6y agoFrom my experience of trading on both it is rather different. With spread betting you are basically just making a bet with the exchange at a price they quote. With the bitmex product you are trading with other traders rather than with the exchange. They claim to have invented it: "A Perpetual Swap is an innovative product invented by BitMEX"