Trading stock perps on NyxGo

Besides crypto, NyxGo lists perpetual futures that track stocks, stock indices, commodities and currencies: Tesla, Nvidia, the S&P 500, gold, crude oil and the yen, for example. They work like the crypto perps you already know. You go long or short with leverage, pay or receive funding, and never own the underlying asset.

Where to find them

On the Markets page, pick an asset class (Stocks, Indices & ETFs, Commodities, FX & rates or Pre-IPO) or search for a ticker such as TSLA. The market picker on the trade screen has the same tabs, and markets listed in the last week carry a New badge.

A stock perp shows a small exchange tag next to its ticker, such as XYZ. That’s the builder-deployed exchange the market trades on.

How they differ from crypto perps

They run on builder-deployed exchanges. The exchange NyxGo uses lets independent teams, called deployers, launch their own perp markets on its matching engine and margin system. Stock, index and commodity perps come from these deployers, who choose the markets, the price oracle, the leverage limits and part of the fees. NyxGo chooses which of these exchanges to list, but doesn’t run them.

Most are isolated margin only. Many stock perps don’t allow cross margin: each position has its own margin, which isn’t shared with your other positions. Some are strict isolated: once a position is open, you can add margin but not remove it. The margin mode button in the order form shows what a market allows.

Leverage is lower. Single stocks usually allow up to 10x or 20x, and some indices and commodities a little more. NyxGo may set a lower cap, shown next to the market name.

Prices follow the deployer’s oracle. Stock perps trade around the clock, but the stocks they track don’t. Outside the underlying market’s hours, the deployer’s oracle decides where the reference price sits, and the perp can gap when the stock market reopens. Funding keeps the perp’s price close to that oracle price.

No shareholder rights. A stock perp is a contract on the price. You don’t own the shares, receive dividends or vote.

Funding your stock trades

Each builder-deployed exchange keeps its own margin balance on a standard account. The order form shows it under Available to trade, named after the exchange, for example XYZ balance:

• Select Move (or Move USDC to XYZ on the main button when that balance is empty) to transfer USDC from your perps account. Moves between your own accounts are instant and free, and your trading key signs them, so no wallet pop-up appears.
• To bring USDC back, open the same dialog and select Switch.

If your account on the exchange is a unified account, one USDC balance backs everything. There’s nothing to move, and the Account panel shows your equity as a single figure.

Agents on stock perps

Agents can trade only the builder-deployed markets NyxGo has enabled for them, and with tighter caps than on the main perps: a lower limit per order, fewer grid levels and a smaller grid position. If a market isn’t enabled, the agent builder says so before you sign anything.

Fees

Your usual fee tier applies, plus the deployer’s share of the fee. Some markets run in growth mode, which cuts the all-in fee by about 90%. The Est. fee line in the order form includes both, so check it before you trade.

Key takeaways

• Stock, index and commodity perps are leveraged contracts on a price, run by third-party deployers on the exchange NyxGo uses.
• Most are isolated margin only, with lower leverage than crypto.
• Prices follow the deployer’s oracle and can gap when the underlying market reopens.
• On a standard account, move USDC into the exchange’s own balance first: use Move in the order form.
• Agents trade only the builder-deployed markets NyxGo has enabled for them, with tighter caps.
• Perps are high risk whatever they track. Size every trade from your own plan.