SpaceX Perpetual · SPCXUSDT

About SpaceX (SPCX)

SPCX is a perpetual contract that tracks an index price referencing SpaceX, the privately held rocket and Starlink company. There is no public share behind it: the contract settles in USDT against an index supplied by a third-party provider, so its price depends entirely on how that provider derives a valuation for a company with no public market. Treat the index methodology, not the company, as the thing to research first.

Trading SpaceX Perpetuals on Aster

On Aster, SpaceX trades as the 24/7 USDT-margined SPCXUSDT perpetual: a contract with no expiry date, where your collateral and your profit or loss are both settled in USDT rather than in SPCX itself. Leverage runs up to 50x on the standard order-book market, and funding is exchanged between longs and shorts every eight hours to keep the contract price tracking its index. Because a perpetual never delivers the underlying, the SpaceX market stays open around the clock, including the nights, weekends and holidays when the underlying market is shut. The instrument itself is issued by a third party and its price comes from a third-party oracle feed rather than from Aster. Orders can be placed openly or through Aster's orders hidden from the public book, which keeps size out of the public book until the moment it executes.

How the SPCXUSDT Perp Differs From Owning SpaceX

Owning SpaceX exposure the traditional way means a brokerage account, market hours and, for commodities, a dated futures contract that eventually expires. The SPCXUSDT perpetual replaces all of that with a USDT-margined position you open from a wallet. That difference has three practical consequences. Going short is as easy as going long, so a falling SPCX price is something you can trade rather than sit out. Position size can exceed collateral, up to 50x, which magnifies losses at exactly the same rate it magnifies gains. And funding is paid or received every eight hours for as long as the position stays open, a running cost that someone simply holding SpaceX never encounters.

Fees and Leverage on the SPCXUSDT Market

Aster charges 0% maker and 0.04% taker on USDT-margined perpetuals, so adding liquidity to the SPCXUSDT book costs nothing and taking it costs 0.04% of notional. Two savings stack on top of that: paying fees in ASTER takes another 5% off at the point of trade, and signing up with referral code MMTz04 returns 5% of the fees you pay as a rebate Aster calculates daily and credits the next day. Leverage on SpaceX is capped at 50x on the standard perp. Leverage does not change the fee rate, but it does change the notional those fees are charged against, so a 50x position pays fifty times the fee that the same collateral would pay unlevered. The full tier structure is in our what Aster charges on perps and spot.

What to Know Before Trading SpaceX

Three things decide whether a SpaceX position survives. Funding is the first: the eight-hourly payment runs positive or negative depending on which side is crowded, and over days rather than minutes it compounds into a real drag on a held position. Liquidation is the second: at 50x, a move of roughly 2.0% against you consumes the margin backing the trade, before fees are counted. Liquidity is the third: depth on SPCXUSDT varies by hour, and a market order sized past the visible book fills at progressively worse prices, which is the situation limit orders and hidden orders exist to handle. Set the stop before you open the position rather than after, and treat the leverage slider as a risk control rather than a way to buy more.

How to Trade SpaceX on Aster in 4 Steps

1. 1Connect a wallet: open asterdex.com and connect MetaMask, Rabby, or another Web3 wallet. No identity verification is currently requested.
2. 2Deposit USDT: fund your account with USDT to use as margin collateral.
3. 3Open the SPCXUSDT market: select SpaceX, choose your leverage (up to 50x), and set your margin mode.
4. 4Place your order: market or limit, with optional hidden-order mode for size. Manage risk with stop-loss and take-profit.

SpaceX Perpetual — Contract Specs

Frequently Asked Questions