BULK mainnet is live and invite-only. Referral links persist from Season 1, but a new referral also needs an access code — earned by pre-deposit tier or by trading volume, resetting weekly.
BULK Exchange validators run the bulk-agave binary alongside standard Solana nodes, sharing identity keys and stake. 20+ independent operators represent ~5% of Solana total stake. Validators earn 12.5% of all exchange trading fees plus standard Solana rewards. JitoBAM support is coming, so Agave and BAM validators can both run it.
BULK Exchange provides a live margin calculator at app.bulk.trade that shows portfolio margin requirements in real time. This guide explains how to use it, what each number means, and how to compare your margin requirement against competitors.
BULK Exchange is a decentralized perpetuals exchange built as an L0 execution layer alongside Solana. It targets 5–20ms matching latency, uses leaderless BFT consensus, and enforces fair ordering that makes front-running mathematically impossible.
Perpetual futures use funding rates to keep prices tethered to spot. Positive funding means longs pay shorts. Negative funding means shorts pay longs. This guide explains how funding works on BULK Exchange and how to factor it into your position sizing.
BULK Exchange targets 5–20ms matching latency within regional validator clusters. Solana general-purpose is ~400ms. Hyperliquid is ~200ms. The speed gap changes market microstructure: tighter spreads, less adverse selection, and institutional-grade execution on-chain.
BULK's Genesis Phase waives maker fees entirely for the first 30 days of mainnet. Every day you trade after this window closes, you're paying a fee you could be paying zero on right now.
Mainnet is invite-only · Free code + referral link, no deposit required to look