HomeCrypto Q&AWhat Are LBank Stock Futures and How Do They Work?

What Are LBank Stock Futures and How Do They Work?

2026-01-31
Learn how LBank Stock Futures work, including trading hours, PnL calculation, liquidation rules, leverage, bonuses, and how U.S. stock price exposure is traded using crypto margin.

What Are LBank Stock Futures?

LBank Stock Futures are derivative contracts that track the price movements of U.S. publicly listed companies while being traded entirely within the crypto ecosystem. Instead of buying actual shares, users trade contracts whose value reflects the underlying stock price, using USDT or other supported cryptocurrencies as collateral.

This allows traders to gain exposure to companies like Apple or Tesla without owning the stocks themselves.

How Do Stock Futures Compare to Traditional U.S. Stock Trading?

Stock Futures differ from conventional stock trading in several key ways:

  • Trading is available around the clock on trading days
  • Capital efficiency is higher since full share ownership is not required
  • Exposure to U.S. equities is possible directly from a crypto account
  • Settlement and custody of physical shares are not involved

These features make Stock Futures better suited for flexible, strategy driven trading.

Are There Any Funding Fees for Holding Positions?

No.

LBank Stock Futures currently do not apply funding fees. Positions can be held without incurring recurring holding costs, making the product cost efficient compared with many perpetual contracts.

How Is Profit and Loss Calculated?

Profit and loss are determined by the price difference between opening and closing positions, adjusted by contract size and trade direction.

PnL Formula

PnL = (Closing Price − Opening Price) × Contract Multiplier × Quantity × Direction

Example Long Trade

A trader buys 1 AAPL contract at 100 and closes at 105.
PnL = (105 − 100) × 1 × 1 × +1 = +5

Example Short Trade

A trader sells 1 TSLA contract at 200 and closes at 195.
PnL = (195 − 200) × 1 × 1 × −1 = +5

When Does Liquidation Happen?

LBank applies standard perpetual contract risk controls.


The system continuously evaluates the margin ratio of each isolated position using the fair price. When the margin ratio reaches the liquidation threshold, the position is automatically closed to prevent further losses.

How Is the Fair Price Determined?

The fair price is calculated by aggregating the latest transaction prices of the underlying U.S. stock from multiple mainstream market data providers. This approach helps reduce the impact of abnormal price fluctuations.

What Margin Mode Is Supported?

Only isolated margin is available.

Each position has its own margin, allowing risks to be managed independently without affecting other open trades.

Can I Trade When the Market Is Closed?

During market close periods, users may:

  • Cancel open orders
  • Add margin to existing positions

However, opening new positions or closing existing ones is not permitted. To reduce gap risk, positions should be closed before the market enters a close period. For exact timings, refer to LBank Stock Futures Trading Schedule 2026.

Is Leverage Available?

Yes.

Leverage is supported up to 20x. While leverage can amplify returns, it also increases liquidation risk. Users should adjust leverage carefully based on their risk tolerance.

How Are Corporate Actions Handled?

If events such as stock splits, reverse splits, dividends, or mergers occur, LBank may initiate early settlement to close all related positions under the same rules. Trading resumes after adjustments are completed. Users should always follow official platform announcements.

How Are Stock Futures Different From Crypto Perpetual Contracts?

From a trading perspective, they operate almost identically.

Order types, liquidation logic, and overall mechanics mirror standard crypto perpetual contracts like BTC or ETH. The main difference lies in pricing, as Stock Futures use fair prices derived from 3 to 5 reliable stock market data sources.

Can Bonuses Be Used for Stock Futures Trading?

Yes, with conditions.

Bonus Pro

Fully supported.

Standard Bonus

Can be used for margin, fee deductions, or loss coverage according to campaign rules. Personal funds are consumed first. Bonuses are applied only after personal funds are exhausted. To prioritize bonus usage, users must manually add the bonus as margin.

Bonuses are futures only and cannot be withdrawn.

Are Position Vouchers Supported?

No. Position vouchers are currently not available for LBank Stock Futures.

For more information, please visit our support center to learn how to participate in the Stock Futures event.

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