How to trade the Nasdaq-100
BRVX quotes the Nasdaq-100 as the XYZ100/USDT perpetual, with 5x–70x leverage, funding every 3 hours and a 0.05% fee to open. One position goes long or short on the 100 largest non-financial Nasdaq companies, with funding every 3 hours.
- 70x Max leverage on XYZ100
- 0.05% Fee per side on XYZ100
- 0.0068% / 0.0068% Funding long / short on XYZ100
- 6 Margin tokens for XYZ100
Nasdaq-100 guide contents
What the Nasdaq-100 perpetual is
The Nasdaq-100 holds the 100 largest non-financial companies on Nasdaq, weighted towards Apple, Microsoft, Nvidia, Amazon and Alphabet. It is the benchmark for US tech.
XYZ100 on BRVX tracks the index in USDT with no expiry and no quarterly roll, unlike Nasdaq futures.
The index is rebalanced quarterly and reconstituted each December, when members can be added or removed. Its weighting caps limit how large a single company can get, which matters as the megacaps grow.
What moves the Nasdaq-100
Megacaps and rates.
- Results from its largest members, which carry most of the weight.
- Federal Reserve decisions and bond yields.
- AI spending headlines, which lift or sink the chip and cloud names together.
Long or short Nasdaq-100?
An XYZ100 long bets on US tech earnings and lower rates.
An XYZ100 short hedges tech exposure or bets on a Fed or AI sell-off.
Opening an XYZ100 position on BRVX
Choose XYZ100 · USDT
It sits in the index group.
Size the XYZ100 position
up to 70x, default 30x.
XYZ100: Buy or Sell
Buy long the index, Sell short; TP / SL Triggers before Fed days.
Hold or close XYZ100
XYZ100 funding: 0.0068% every 3 hours.
Leverage works both ways: a small move against you can lose you the whole margin.
Nasdaq-100 hours and weekends
The index is calculated during Nasdaq hours, 9:30–16:00 New York time, and futures trade nearly around the clock on weekdays. XYZ100 on BRVX kept quoting over the weekend of 19–20 September 2026.
Nasdaq-100 example: a 2% move
A 2% index day is a big one. $100 at 20x:
XYZ100 worked example
| Nasdaq-100 trade | Amount |
|---|---|
| XYZ100 margin | $100 |
| XYZ100 leverage | 20x |
| XYZ100 position size | $2,000 |
| XYZ100 fee, open + close | $2.00 |
| XYZ100 funding per 24 h, long / short | $1.10 / $1.10 |
| XYZ100 +2% | XYZ100 long +$40.00 (+40% of margin), XYZ100 short −$40.00 |
| XYZ100 −2% | XYZ100 long −$40.00, XYZ100 short +$40.00 (+40% of margin) |
| XYZ100 liquidation | not modelled |
Nasdaq-100 risks to know
- A few megacaps drive most of the move.
- Fed days can swing the index 2–3%.
- A few megacaps drive most of the index.
Diversified, not safe.
Nasdaq-100 FAQ
Can I short the Nasdaq-100?
Yes. Press Sell on XYZ100 · USDT: the short gains when the price falls. Leverage goes up to 70x, the fee to open is 0.05%, and funding is charged every 3 hours.
Is XYZ100 the Nasdaq-100?
It tracks the Nasdaq-100 index price.
How often is funding charged?
Every 3 hours on XYZ100, unlike the hourly funding on most markets.
What is the max leverage?
70x on XYZ100; the floor is 5x.
How is XYZ100 different from QQQ?
QQQ is an ETF holding the shares; XYZ100 is a perpetual on the index price.
Leverage works both ways: a small move against you can lose you the whole margin.