Plenty of traders who hold crypto also have a view on Amazon, and they would rather act on it from the account they already use than open a brokerage account for one stock. A crypto account gives them two ways to take that position. You can buy a token that tracks the share, or you can trade a contract that settles in USDT and never expires.
Both follow the same price on the same screen, and they charge differently for holding it. Two traders with the same view on Amazon can end the month with different results: one pays a trading fee going in and coming out and nothing in between, while the other pays a small funding charge every eight hours, and over a month those charges can outweigh a modest gain in the share.
On BloFin those two routes are AMZNX, the tokenized share that trades as AMZNX/USDT Spot, and the AMZN perpetual, which trades as the AMZNUSDT Perpetual. The right pick depends on four things about your own plan: how long you intend to hold, whether you want to be short, when you need to be able to trade, and how much of the position you want to fund yourself. The answers often point in opposite directions, so the wrong pick costs real money.
What is the AMZN perpetual?
The AMZN perpetual is a contract that tracks Amazon's share price, settles in USDT and has no expiry date. Traders hold it long or short at up to 20x leverage, and a funding payment passes between the two sides, every eight hours as standard, to keep the contract's price near the share's. None of it conveys ownership of Amazon.
That last point separates it from the token beside it. Buying Amazon's listed share makes you a shareholder; buying AMZNX gives you a claim on a third-party issuer rather than on Amazon; opening the perpetual makes you a counterparty to whoever took the other side. BloFin's disclaimer states that stock futures "track the price performance of referenced equities but do not convey any ownership interest in those assets". The same disclaimer rules out dividends, interest, voting and other shareholder rights, along with rights from share splits, spin-offs and subscriptions (source: BloFin stock futures trading update).
The published contract terms are short enough to read in a minute. The tick is $0.01, settlement is in USDT, leverage runs from 1 to 20, funding settles every eight hours from 00:00 Hong Kong time, and the smallest position anyone can open is 0.01 AMZN (source: AMZN contract details). At the price on September 23, 2026 that minimum is about $2.56 of exposure, which the 20x cap lets a trader carry on roughly thirteen cents of margin.
Say you open a long worth $1,000 of Amazon at 10x. You post $100 of margin and carry $1,000 of exposure, so the position gains and loses as though you held $1,000 of the share. Nothing is borrowed; the margin is what backs the contract. At each funding settlement the payment is taken from or added to your balance, and if the price falls far enough to exhaust your $100, the position is closed for you.
How AMZNX and the AMZN perpetual differ
AMZNX and the AMZN perpetual track one price through two different instruments. The token is bought outright and held as a claim on its issuer, while the contract is opened on margin and settled in USDT. Direction, leverage, holding cost, trading hours and corporate actions all differ, and each difference carries a figure.
AMZNX on spot | AMZN perpetual | |
|---|---|---|
What you hold | a tracker certificate, a claim on the issuer | a contract with the venue's other traders |
Direction available | long only | long or short |
Leverage | none; bought outright | 1 to 20 |
Cost to open and close | 0.1000% each way at the Regular tier | 0.0600% each way, taker, at the Regular tier |
Cost to hold | nothing while held | funding every eight hours, paid or received |
Trading window | 24 hours a day on weekdays | may be reduce-only outside Nasdaq hours, at weekends and on US holidays |
Worst case | the position goes to zero | liquidation closes the position before it reaches zero |
Corporate actions | splits carried to the balance by the issuer | excluded by the contract's own terms |
Two of those differences surprise most readers, because they run against what a crypto trader expects from a perpetual.
The first is the trading window. A crypto perpetual usually never shuts, but BloFin may limit its stock futures to reduce-only orders outside the American weekday session, so on Amazon the leveraged market is the one that can close while the token keeps trading.
The second is depth. Leverage usually pulls volume toward the contract, and on Amazon the opposite holds. In the twenty-four hours to September 23, 2026, AMZNX turned over 1.560M USDT on 6,064 tokens, while the perpetual traded 1,756 AMZN, worth roughly 450,000 USDT at the prices showing. A trader sizing anything larger than a few thousand dollars feels that difference in the fill, and both figures move, so read them before sizing an order.
When each one lets you trade
The perpetual is the market that closes. BloFin adjusted its stock futures hours in April 2026, and outside regular hours on weekdays, at weekends and on public holidays when the relevant markets are closed, "stock futures trading may be limited to reduce-only orders" (source: BloFin stock futures trading update). Reduce-only means you can close what you already hold, while opening a new position has to wait for the session.
Those regular hours track the American session: 14:30 to 21:00 UTC in Standard Time, and an hour earlier, 13:30 to 20:00 UTC, during Daylight Saving (source: BloFin stock futures trading update). Both windows are the Nasdaq trading day, which runs 9:30 a.m. to 4:00 p.m. Eastern (source: Nasdaq market schedule). For the rest of 2026, BloFin's schedule keeps the session shut all day on November 26 and December 25 and closes it early, at 18:00 UTC, on November 27 and December 24 (source: BloFin stock futures trading update). Add it up and the perpetual is open for new positions roughly six and a half hours a day, five days a week.
The token runs on a longer week. BloFin's xStocks risk disclosure describes these markets as running "24 hours a day, 5 days a week (weekdays only)" (source: BloFin xStocks risk disclosure). BloFin's xStocks spot listings carry no reduce-only rule; the listing announcement of August 28, 2026 says only that the venue "may automatically adjust spot trading parameters" in line with market liquidity (source: xStocks spot listing announcement). AMZNX/USDT has also traded through weekends, including all 96 weekend hours in the twelve days to September 23, 2026, so a weekend exit has been available in practice but is not promised.
Say you expect Amazon to report after the American close and you want to act on the number. Nasdaq stops quoting the share at 4:00 p.m. Eastern (source: Nasdaq market schedule), the perpetual may move to reduce-only (source: BloFin stock futures trading update), and the token keeps trading. In the 300 hourly candles to September 23, 2026, every one of the 148 weekday hours outside the American session carried AMZNX volume. A trader who assumed the leveraged instrument was the always-available one has it backwards on this venue.
What each position costs to hold
Fees at the Regular tier favor the contract, and only at the moment of trading. Spot charges 0.1000% each way at that tier, so a round trip costs 0.20% of the position, while the perpetual charges a taker 0.0600% each way, for 0.12%.
That gap is eight hundredths of a percentage point, and it is the whole of the contract's cost advantage. A maker on the perpetual does better still, at 0.0200% each way, though a resting order earns that rate only when it waits for someone else to cross the spread.
Funding takes that back. A positive rate means longs pay shorts, and every one of the eighteen settlements in the six days to September 23, 2026 was positive, running between 0.0110% and 0.0391% (source: AMZN funding rate history). The average across them was 0.0183% a settlement, which at three settlements a day costs a long about 0.0549% a day (source: AMZN funding rate history). The entry-and-exit saving is therefore spent after about a day and a half of holding at that average, and every day after that the long is paying for the privilege.
Say you hold a $10,000 long for a month. On spot the trading fees come to $20 and the position costs nothing to carry. On the perpetual the fees come to $12, and thirty days of funding at that six-day average adds roughly $165. Funding moves, and the six days before those ran differently: the eighteen settlements from September 12 to September 17, 2026 averaged 0.0043% with four of them negative, which is about $39 a month on the same position (source: AMZN funding rate history). The arithmetic has to be rerun against the rates showing on the day. What does not move is the shape: funding rewards short holding periods and punishes long ones.
The spread is the other cost, and it belongs to both. On September 23, 2026, the gap between the best bid and the best ask on AMZNX/USDT ran between roughly 0.17% and 0.24% of the price. A trader who wants that cost smaller places a limit order and waits for the fill.
Both figures move with the market and with your 30-day volume, and the BloFin fee schedule shows the tier you are on alongside the rates for every other one. The funding rate a long will actually pay, and the countdown to the next settlement, sit on the AMZNUSDT Perpetual page.
Which one fits your plan
Holding for months. The token, because funding adds up against a long position and the spot fee is paid twice in total. A holder who wants Amazon exposure inside a crypto account and intends to leave it alone is paying 0.20% for the whole trip.
Trading for days. The perpetual, because the cheaper entry and exit outweigh a handful of funding periods, and because the position can be sized with leverage. The reduce-only window is the constraint to plan around: a new position can only be opened during the Nasdaq session, while closing stays possible outside it.
Going short. The perpetual, because the token offers no way to do it. Selling AMZNX you do not hold is not available on spot, so a bearish view has one route.
Hedging a token position. The perpetual, sized against the tokens you already hold. A short there offsets a long in AMZNX. Funding runs in the short's favor while the rate is positive and against it when the rate turns negative, and the rate showing before you open the hedge tells you which way it is running.
Starting very small. Either. The perpetual's smallest position is 0.01 AMZN, about $2.56 of exposure (source: AMZN contract details). Anyone buying the token for the first time should read what a first order costs in fee and spread before sizing it.
Say you hold 40 AMZNX and expect a weak quarter, and you would keep the tokens through it. Opening a short of 40 AMZN on the perpetual leaves the combined position flat on price, and funding is the only running figure. Forty tokens was about $10,240 of exposure on September 23, 2026. At the six-day average of 0.0549% a day, a short of that size would have received about $5.62 a day, and the same short pays whenever the rate turns negative.
Options stay out of all of this, because BloFin does not list stock options, on Amazon or any other share. A trader who wants defined-risk exposure through a put has to look outside the venue. BloFin lists other tokenized shares and index products on the same terms, and the same comparison is worth making for each.
What you own, and what you can lose
Buying AMZNX outright caps the loss at what you paid. The price can fall to zero and the position stays yours while it does, which means a holder decides when to sell. The claim behind the token runs against the issuer of the certificate, and the legal and safety terms of the tokenized share set out who owes what.
Whether the shares are there at all is a separate check with its own answer, and the company itself is a third: slow-burning risks such as the FTC antitrust case move the price both wrappers follow.
A leveraged position works differently. Margin can be exhausted while the view is still intact, and the position closes on the venue's terms, at a price the trader did not choose. The threshold is the maintenance margin, which is the equity the venue requires you to keep before it closes the position for you. On the AMZN contract it is 2.50% of the position for the first 300 AMZN (source: AMZN position tiers). Say you open a $2,000 long at 20x, posting $100. A fall of roughly 2.5% takes about $50 off the position and leaves about the $50 that tier requires, so the trade closes near there, while the same fall would have left a token holder still holding tokens. The insurance fund standing behind the AMZN contract held 7,013.78 USDT on September 23, 2026 (source: AMZN contract details).
Corporate actions land on one side only. Amazon states in its own investor FAQ that it has "never declared or paid cash dividends on our common stock" (source: Amazon investor FAQ). That makes the dividend exclusion theoretical for this company, though the reasons it reinvests are worth understanding. Splits are real: the company has split its stock four times, most recently 20-for-1 effective June 3, 2022 (source: Amazon investor FAQ). On the token side, a split reaches the balance through the issuer: xStocks adjust holdings with an on-chain multiplier that rises in proportion to the split, with no action needed from the holder (source: xStocks dividends and stock splits). The perpetual excludes share splits by its own terms (source: BloFin stock futures trading update), so what Amazon's four splits did to the share has no counterpart in a contract position.
Looking to gain exposure to Amazon? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and navigate to the AMZNX/USDT Spot trading page or AMZNUSDT Perpetual page.
Frequently asked questions
Does the AMZN perpetual trade at weekends?
Closing a position stays possible, and opening one generally does not. BloFin says stock futures may be limited to reduce-only orders at weekends, on public holidays and outside the American weekday session (source: BloFin stock futures trading update). AMZNX/USDT Spot runs on weekdays under BloFin's xStocks risk disclosure and has also traded through recent weekends, though weekend trading is not promised (source: BloFin xStocks risk disclosure).
How much does funding cost on a long Amazon position?
Across the eighteen settlements in the six days to September 23, 2026 the rate averaged 0.0183% every eight hours, which is about 0.0549% a day, or roughly $5.49 a day on a $10,000 position (source: AMZN funding rate history). Every settlement in that window was positive, so a long paid at each one. The previous eighteen averaged 0.0043%, and at the four negative settlements among them the long was paid instead (source: AMZN funding rate history). The pending rate sits on the contract's own market page with its countdown.
Can you short Amazon on BloFin?
The perpetual is the route, at up to 20x (source: AMZN contract details), with the same reduce-only window applying to new short positions as to new long ones (source: BloFin stock futures trading update). Spot offers no short: AMZNX can be bought and sold, and selling tokens you do not hold is not available there.
Is the AMZN perpetual priced off the Nasdaq quote?
No. BloFin describes its stock futures as "based on a basket of tokenized stock indices already circulating in the market", rather than on the Nasdaq quote itself (source: BloFin stock futures trading update). The contract's own market page adds that outside the primary market's regular trading hours the underlying "may experience limited price movement and reduced liquidity".
What is the smallest Amazon position you can open?
On the perpetual, 0.01 AMZN, which was about $2.56 of exposure on September 23, 2026 and needs roughly thirteen cents of margin at the 20x cap (source: AMZN contract details). The same page caps a single market order at 500 AMZN and a limit order at 5,000.
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Primary sources include BloFin's stock futures trading update of April 21, 2026, its xStocks risk disclosure, its xStocks spot listing announcement of August 28, 2026, its fee schedule, its AMZNX/USDT Spot and AMZNUSDT Perpetual market pages, and the AMZN contract details, funding rate history and position tier pages, the xStocks dividends and stock splits documentation, Nasdaq's market schedule and Amazon's investor FAQ, read on September 23, 2026.
Nothing in this article constitutes financial advice, and nothing in it recommends buying, selling or holding Amazon in any form, or predicts the company's results or share price. The AMZNUSDT Perpetual is a leveraged contract that can be liquidated when equity falls to the maintenance margin, its funding rate changes at every settlement and can turn against either side, and outside the Nasdaq session, at weekends and on holidays BloFin may limit it to reduce-only orders. AMZNX is a claim on its issuer rather than a share of Amazon, and the fee, funding, spread and turnover figures here are dated readings that move. Past performance does not indicate future results. Do your own research and consider your risk tolerance before you trade on BloFin.