BitMEX has published a study focusing on price dynamics of perpetual swaps on major crypto exchanges. The study spans from early 2025 to March 2025, analyzing various aspects of new contract behavior.
Key Findings of the Study
The study presents important data on perpetual swaps across major exchanges. BitMEX stands out with the highest price growth, achieving an average increase of 62.55% among contracts that appreciated post-listing. Notably, 58.33% of new listings on BitMEX continued to rise after the listing day.
Comparative Analysis by Exchanges
The data shows variance in price dynamics among different exchanges. Only 41.67% of BitMEX listings reached their all-time high (ATH) on the first day, compared to 70.83% on OKX and 50% on Binance. This indicates that the 'first day peak' theory is not universally applicable.
Implications for Traders
Most tokens that appreciate post-listing reach their peak price within the first week. Listings on BitMEX, according to the data, take a median of six days to peak. These results emphasize the importance of understanding exchange-specific dynamics for effective trading.
The BitMEX study sheds light on the significance of exchange-specific dynamics in profitability from trading perpetual swaps, providing traders with critical insights to develop effective strategies.
