BULK Season 1 launched June 1, 2026 with pre-deposits open at early.bulk.trade/deposit. Mainnet date not yet announced. When it launches: real capital, Genesis Phase (0 maker fees for 30 days), and BulkSOL starts earning exchange fees.
The BULK Exchange paper trading competition ran May 19–28, 2026 with $50,000 in prizes. This page covers how the ranking system worked, the sub-account meta that most participants missed, and how to use the testnet now that the competition has closed.
How to trade on BULK Exchange — from account setup to order types, margin mechanics, conditional orders, and fee optimization. The complete guide for traders going live on mainnet.
You can claim $1,000 in paper USDC on BULK testnet right now. Free. 2 minutes. This guide covers setup, faucet mechanics, the sub-account strategy most people are missing, and how the leaderboard ranking actually works.
MEV (maximal extractable value) in perpetuals takes three forms: front-running large market orders, racing cancel-replace strategies, and exploiting liquidation events. BULK Exchange is the first perp DEX to address all three through a documented four-layer fair ordering system.
Liquidation happens when your margin falls below the maintenance threshold. Understanding the trigger conditions, how mark price differs from last-traded price, and how BULK Exchange handles liquidations differently from most exchanges can prevent unexpected losses.
1M AURA distributes every week. Formula: USDC deposited × time held. Every Saturday you're not in is AURA you can't recover.
Minimum $10 · Withdrawable anytime · Converts to trading margin at mainnet