1. Index Price
BingX adopts the Index Price as its market price to minimize the risks brought by ill-intended price manipulation and data source instability so as to ensure the maximum protection of users' interests. The BingX Index Price is determined comprehensively with reference to the market prices of the assets in mainstream trading markets. The main reference markets for cryptos include Binance, Gate.io, OKX, and MEXC. The main reference markets for non-cryptos include IG Group, Bloomberg, MT5, and multiple professional market data sources. BingX may add new trading markets to or remove trading markets from its reference list depending on actual conditions.
2. How to calculate the Index Price
- The Index Price is calculated on the basis of spot prices of major exchanges to best ensure the platform's price stability. When the futures price deviates greatly from the spot price, the system will introduce contact prices of fair exchanges globally as constituents for a better calculation to avoid failed orders.
- The system will adjust the price sources and their respective weight in the calculation based on factors such as how much they deviate from the median price and how often they are updated. As a result, there's a possibility of price discontinuity
- To avoid price manipulation or the instability of price sources, before BingX makes a comprehensive calculation, BingX will determine if the price sources are abnormal. If so, the abnormal price will not be included in the Index Price calculation.
3. How to determine if the price is abnormal
- When the deviation between the latest price of a certain exchange and the median of all spot price sources is greater than the tolerance threshold (1%), it will be seen as an abnormal price that may be maliciously manipulated, and will not be included in the Index Price calculation, i.e., the exchange weight will be set to zero.
- If one exchange has no updates for 60 seconds, the weight of this exchange will be zero for the Index Price calculation.
Please Note
- Due to the reasons mentioned above (It is possible that the price from any exchange will be excluded from the calculation) as well as the difference in the speed of data updates, BingX does not ensure its price is the same as the median of the prices from the exchanges on the reference list.
- As trading pairs supported by each exchange are not entirely the same, the weighted calculation of the Index Price for each trading pair is slightly different. For specifics, please refers to the contract information.
The BingX Index Price is within the range of reference exchanges' prices at any time and truly reflects the price trend of cryptocurrencies to the best possible extent. In the meantime, it can avoid price manipulation of a certain exchange and ensures the fairness of the BingX Index Price.
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Risk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice.Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any loss possibly incurred from investment on the platform. For more information, please refer to Terms of Use and Risk Warning.