What is ALT/USDT (ALTUSDT.PS)?
ALT/USDT (ALTUSDT.PS) is a perpetual swap contract traded on the BingX exchange and quoted in US dollars. As a swap, it lets traders take leveraged long or short positions on ALT against USDT without an expiry date, tracking the underlying spot price through periodic funding payments. It's a derivative product, so its value is tied to price movements rather than direct ownership of the asset. On TradeSearcher, ALT/USDT is backed by extensive testing: over 2,300 backtests have been run across strategies, drawing on price history dating back to 2015 for a deep, long-term view of how various approaches would have performed.