LBank Stock Futures are an innovative financial derivative product that combines U.S.-listed company stocks with the cryptocurrency market. Users can trade price movements of major U.S. stocks such as Apple (AAPL) or Tesla (TSLA) using USDT and other cryptocurrencies as margin, without needing to purchase or hold the underlying shares.

Compared to traditional U.S. stock trading, Stock Futures offer 24-hour trading (on trading days), more flexible capital utilization, and efficient exposure to U.S. stock movements within the crypto ecosystem.

Funding Fee Mechanism

Stock Futures are currently exempt from funding fees, resulting in zero holding costs and no additional expenses for positions held over time.

How is Profit and Loss (PnL) Calculated?

PnL Calculation:

Example:

When Does Liquidation Occur?

LBank employs industry-standard perpetual contract risk controls:

1. The system monitors the position margin ratio (isolated margin mode) in real time, calculated based on the fair price.

2. When the margin ratio falls to the predefined liquidation threshold, forced liquidation is automatically triggered to limit potential losses.

How to Participate?

Register an LBank Account

1. If you do not have an account, register via:

• Email

• Mobile number

• Third-party account

Fund Your Account

1. Transfer USDT or other supported cryptocurrencies from your spot wallet to your futures wallet.

2. Refers to「LBank Deposit Guide」for detailed steps and security information.

Access Stock Futures 

1. Log in and navigate to「Futures > Stock Futures」.

2. Browse available pairs (e.g., AAPL-USDT, TSLA-USDT), including「Latest Price」,「24h Change」,「24h High/Low」, and「24h Volume」.

3. Click Trade on your selected pair to enter the trading interface.

• Note: If a pair is marked as「Market Closed」, you may cancel pending orders or add margin, but new orders or closing positions are not permitted.

Trading Operations

1. Confirm Trading Pair: Use the search bar if needed.

2. View Charts: Analyze multi-dimensional data for the pair.

3. Order Book: The matching engine follows “price-time priority” to ensure fair and continuous trading.

4. Set Trading Parameters:

• Margin Mode: Isolated margin only (default and sole mode).

• Direction: Long (bullish) or Short (bearish).

• Leverage & Quantity: Up to 20x leverage available. Leverage amplifies both gains and losses—choose based on your risk tolerance. Enter quantity (multiplier typically 1 = 1 share).

• Order Types：Order Types: Market, Limit, Planned (trigger), Post Only orders, consistent with standard perpetual contracts. Submit after confirming sufficient margin.

5. Monitor Positions: Track margin ratio, fair price, and other metrics in real time.

• Closing Positions: Manually close when target reached, or set take-profit/stop-loss. 

• Note: No new orders or closures during market close periods.

Frequently Asked Questions

1. How is the Fair Price calculated?

• Fair price aggregates the latest transaction price of the underlying U.S. stock from multiple mainstream sources.

2. What margin mode is supported?

• Isolated margin only, allowing independent risk management per position.

3. Can I trade during market close periods?

• During close periods, you may cancel pending orders or add margin, but cannot place new orders or close positions. To avoid gap risk, close positions before market close. 

• Refer to「LBank Stock Futures Trading Schedule 2026」for details.

4. Does it support leverage?

• Yes, up to 20x. Higher leverage increases both potential returns and liquidation risk—use cautiously.

5. How are corporate actions (splits, mergers, dividends) handled?

• cases of stock splits, reverse splits, dividends, or similar events, the platform may implement early settlement to close positions uniformly. Trading resumes afterward. Monitor official announcements.

6. How do Stock Futures differ from regular crypto perpetual contracts?

• Trading mechanics, order types, and liquidation rules are identical. If you are familiar with BTC or ETH perpetuals, Stock Futures are easy to adopt. Fair price is sourced from 3–5 reliable mainstream providers for stability.

7. Can bonuses be used for Stock Futures?

• Bonus Pro: Fully supported.

• Standard Bonus: Usable for margin, fee offsets, or loss coverage (per campaign rules). Own funds are deducted first; bonuses are used only after own funds are exhausted. To prioritize bonus usage, manually transfer/add it as margin. Bonuses are futures-only and non-withdrawable.

• Position vouchers are not supported for this product currently.

Important Notes

1. Leverage Risk: Leverage magnifies both profits and losses, increasing liquidation risk. Beginners should start with low leverage.

2. Trading Hours: Aligned with NYSE and NASDAQ (including pre-market, regular, and after-hours). Times adjust automatically for U.S. daylight saving (DST):

• Winter Time (standard): Monday 12:00 – Saturday 08:30 (UTC+8).

• Summer Time (DST): Monday 12:00 – Saturday 07:30 (UTC+8).

• 
DST starts: Second Sunday in March (e.g., March 8, 2026).

• 
Standard time starts: First Sunday in November (e.g., November 2, 2025).

• 
During weekends/closures (Saturday after 08:30/07:30 until Monday 12:00), only order cancellation and margin addition allowed. 

• Close positions before closure to mitigate gap risk. Check official announcements for holidays.

3. Corporate Actions: Early settlement may apply for splits, mergers, dividends, etc. Follow platform notices.

4. Account Security: Enable two-factor authentication (2FA) for account protection.

Stock Futures trading follows the same interface and logic as BTC/ETH perpetual contracts—seamless transition for experienced users. Fair price derived from multiple trusted sources ensures reliability.

For further questions, contact LBank Customer Support. 

LBank is committed to delivering a secure and stable trading experience.

Trading involves risks. Invest responsibly. Happy trading!