multi-asset perpetual futuresEdition of 15 October 2026Figures dated at source
multi-asset perpetual futures · terms read 18 September 2026
One account, more than crypto
Perpetual contracts on gold, crude oil, currencies and listed shares against stablecoin collateral — which venues list them, when those markets are open, and what a round trip costs.
Cross-Asset Desk ResearchUpdated:
Metals, energy, currencies and listed shares now trade as perpetual contracts against stablecoin
collateral, on the same venues as BTC. What differs between them is not whether the market exists but
when it is open, what it costs to hold, and who holds the collateral while it is. The trading terms of
every venue on this page are read here; the one market they all share is measured rather than reported.
One line decides who is scored. A venue joins the register when its own documentation lists at least
four asset classes that are not crypto — metals, energy, currencies, equities, indices, pre-listing
contracts, fixed income — and when it runs a resting order book this desk can read. Six venues clear
both. edgeX, ApeX Omni and Paradex document three classes apiece and dYdX one, so this desk goes on
reading them, names them under the tables they used to stand in, and gives none of them a place or a
mark.
Two reference pages sit beside the tables: an explainer on exchange traded derivatives,
the listed futures and options these contracts borrow from, and the profile of a
crypto futures trading platform that keeps every one of its markets open around the clock.
A filled mark means the venue lists that asset class in its own documentation. Marks are not a judgement of depth: a venue can list a market and quote it thinly. The same rows appear in full, with their trading hours, in the table below.
Venues read16order-book and oracle-priced, 6 of them scored
Markets listed1,595crypto, metals, energy, currencies, indices, shares and pre-IPO contracts on the scored venues
Hours in the documents5 venuessay when their non-crypto markets are open — three of the six on the register, plus the two oracle-priced venues that publish a session for every class
BTC orders within 10 bps$70.8 millionadded across the 6 scored books, each the middle reading of a poll put to every book every 10 minutes — answered 28 times on three of them, 27 on Aster, 17 on Extended and on Lighter
What trades on each venue beyond crypto
Documentation, 18 September 2026
A venue can list gold and still be shut when you want to trade it. This table pairs what each venue lists
with when those markets are open, taken from its own documentation rather than from a marketing page. It
also shows the register being applied: every row below carries four or more classes outside crypto.
Real-world assets stated as 24/7; no venue-wide hours page
Extended
325
crypto, stocks, FX, commodities, indices, pre-IPO
Order-book real-world assets 24/7; Prime markets 24/5 or session-bound
Aster
578
crypto, stocks, FX, commodities, indices, pre-IPO
not stated in the documentation we read
Hyperliquid
324
crypto, stocks, FX, commodities, indices
not stated in the documentation we read
EVEDEX
52
crypto, commodities, FX, stocks, indices, pre-IPO
All markets 24/7, shares and commodities included
Aevo
102
crypto, stocks, commodities, FX, pre-IPO
not stated in the documentation we read
Counts and asset classes are the venues' own. A market being listed is not a promise that it is quoted at size, and whether a desk may open an account at all is a matter for the venue's terms rather than for this page. Asset classes and market counts from each venue's documentation and trading terms, read on
18 September 2026. The rule for who appears at all: four or more asset classes outside crypto in a
venue's own documentation, which is what puts six venues on this table and leaves edgeX, ApeX Omni,
Paradex and dYdX off it at three classes or fewer. Hours come from wherever a venue states them, which
for several is a real-world-asset page rather than an hours page; "not stated" means we found no such
line anywhere, which is not the same as continuous trading. Oracle-priced venues are listed on the
Ostium alternatives page with their own hours.
The table of 100 points
One formula, 100 points
Six venues are on the register, and the five criteria are weighted for a portfolio that is not only
crypto: what one account reaches carries 32 of the 100, the cost of getting in and out 28, custody of
the margin 18. The book behind the quote takes 10, the smallest share of the five, because it is read
on BTC — the one market every venue here lists, and no guide at all to the gold or equity book beside it.
Reach 8.5 · In and out 3.0 · Margin 7.0 · Standing 4.0 · Book 5.2
0.050% / 0.080%
102
$12.8 million
Hybrid
The rule under each score is that venue's total against the highest total on this page. One formula for the whole site: What one account reaches 32 · Cost of getting in and out 28 · Custody of the margin 18 · How the venue has held up 12 · The book behind the quote 10. Every weight and every sum is set out on the method. Open interest is a return the venue makes about itself, published by CoinMarketCap on 22 September 2026; market counts come from each venue's own documentation.
Why the hours matter more than the list
A perpetual on gold does not close because the metal stops trading — it closes because the venue
decides to stop quoting it. Oracle-priced venues follow the underlying session: Ostium's documentation
puts stocks at 9:30 to 16:00 ET on weekdays and commodities from Sunday evening to Friday evening, and
queues orders outside those windows (Ostium market reference, checked 18 September 2026).
gTrade says the same in plainer words and warns that stop losses cannot be guaranteed across a closed
market (gTrade documentation, checked 18 September 2026).
Others keep quoting through the weekend, though rarely across the whole board. EVEDEX states that all
52 of its markets trade 24/7, shares and commodities included (18 September 2026,
EVEDEX documentation). Lighter says it of its real-world assets
(Lighter docs, checked 18 September 2026), and Extended of the ones that sit on its order
book rather than behind a quote request. Aster, Hyperliquid and Aevo say nothing on hours anywhere we
read. That matters to anyone who wants to cut a gold or equity position on a Sunday — and it raises
the question of who is on the other side of the quote when the cash market is shut.