Auto-deleveraging (ADL) is the mechanism of last resort on BULK Exchange. It triggers only when the insurance fund is insufficient to cover a liquidation shortfall. BULK describes it as "an exceptionally rare event." This page explains how it works and who it affects.
BULK Exchange built professional market maker infrastructure into the core protocol: zero maker fees during Genesis Phase, maker rebates at high tiers, the Alpha Program (7.5% of taker fees to qualifying MMs), and an open-source client SDK for algorithmic integration.
Perpetual futures use funding rates to keep prices tethered to spot. Positive funding means longs pay shorts. Negative funding means shorts pay longs. This guide explains how funding works on BULK Exchange and how to factor it into your position sizing.
BULK Exchange supports up to 64 sub-accounts per master wallet. Each is independent with its own margin, positions, and PnL. Volume aggregates across all sub-accounts for fee tier purposes. Transfers between accounts are gasless and instant.
BULK Exchange has a conditional order system that lets you automate your entire trade lifecycle. Stop-loss, take-profit, trailing stops, range orders (OCO), and on-fill triggers all run without manual intervention.
BULK Exchange supports six order types: market, limit GTC, IOC, ALO (post-only), and conditional orders (stop-loss, take-profit, trailing stop, on-fill, range). This guide explains when and how to use each.