Odaily News BitMEX conducted a comprehensive analysis of all perpetual swap tokens listed on major centralized exchanges (BitMEX, Binance, Bybit, and OKX) between the beginning of 2025 and March 18, 2025. By studying price movements and patterns on specific exchanges, it aims to provide traders with operational insights on newly listed perpetual swaps.
The analysis results show that BitMEX has more listings that appreciate after the first day (58.33% of listings), and these "winners" show significantly higher returns - among all analyzed exchanges, BitMEX has the highest average return (62.55%), median return (23.21%) and maximum return (296.44%). The first-day price performance varies by exchange: on BitMEX, only 41.7% of perpetual contracts reached their all-time highs on the first day of trading. This is in stark contrast to OKX's 70.83% and Binance's 50% reaching their all-time highs on the first day.
Most new listings peak within 1 week: For tokens that continued to appreciate after listing, most reached their highest prices within the first week (BitMEX: median 6 days).