Here’s an overview to make it easier for you to understand the Bybit’s perpetual/inverse futures contract trading page.
This shows the trading pair of the position the trader is currently holding. Traders holding more than one position from different trading pairs can select "Show All Positions" to view details of all their positions in one tab.
This shows the quantity of contracts trader has placed. Please note that, for inverse contracts, the quantity is quoted in USD. For USDT contracts, the quantity is quoted in the underlying cryptocurrency.
This refers to the position value.
Inverse contract: position value = contract quantity / entry price
USDT contract: position value = contract quantity * entry price
4. Entry price
This refers to the average entry price of the position. Please note that, when trader add more quantity to the position, the average entry price will be calculated as followed:
Average entry price = Total quantity of contracts / Total contract value in BTC
Total contract value in BTC = [(Quantity1/Price1) + (Quantity2/Price2) + (Quantity3/Price3)....]
Average entry price = total contract value in USDT/total quantity of contracts
Total contract value in USDT = [(Quantity1*Price1) + (Quantity2*Price2) + (Quantity3*Price3)....]
For more details, please refer to: How to calculate average entry price?
5. Mark Price
This shows the current mark price of the respective trading pair of the position held.
6. Liquidation price
This shows the liquidation price of trader's position. Please note that Bybit use mark price to trigger liquidation. When mark price reached the liquidation price, liquidation will be triggered and trader will lose all the position margin input.
Trader can check the mark price from the flagged orange price on order book or the orange line on the chart. Please refer to Bybit Trading Chart FAQ to obtain the relevant mark price.
To understand more on how the liquidation price is derived, please refer to:
7. Position Margin
Position margin shows the margin that has been placed into position as a collateral to maintain the position. Under isolated margin mode, trader will lose all the position margin in place (excluding funding fees). Trader can also manually add more initial margin to their position to lower down the liquidation risk of their position. Please note that trader cannot add additional initial margin to a position once the initial margin in place equals to 100% of the position value.
(Inverse contract) (USDT contract)
Under cross margin mode, trader use all available balance within the corresponding trading pair coin type to prevent liquidation. The margin being occupied on position margin may differ from isolated margin mode. For more information, please refer to What is Position Margin ?
8. Unrealized P&L (%)
Unrealized P&L shows the real-time unrealized profit or loss of the open position. By default, the unrealized P&L on the position tab are calculated based on the last traded price. However, when trader moved their cursor to the unrealized P&L, it will show the figure calculated based on mark price. Bybit use mark price to trigger liquidation. By showing the unrealized P&L using mark price, trader can better estimate their room for losses to prevent liquidation.
Nevertheless, The actual settlement after trader close their position will be using the unrealized P&L calculated based on last traded price. Please be aware that it is an estimate of your position's profit and loss based on the Last Traded Price at that particular moment and it does not include any trading or funding fees that you may have incurred or received when holding the position.
In the bracket, it shows the Return on Investment (ROI) of the position in its percentage form (Unrealized P&L %). Similar to Unrealized P&L, the figure shows changes depending on the movement of Last Traded Price.
9. Daily realized P&L
Daily Realized P&L refers to the total daily actual P&L that a trader has gained/loss within this 24 hour time period. It consists of all your orders' total P&L (calculated using the formula of unrealized P&L), your total trading fees paid/received and your total funding fees paid/received within this 24 hour time period. This figure will undergo a reset at 0000 UTC on a daily basis.
Note: When a trader hold a position for more than 24 hours, they may notice that the daily realized P&L might be lesser than the total closed P&L for the day. This is because, opening fees and funding fees is incurred immediately by the time of position opening and funding timing, hence it has been included on previous day(s)' daily realized P&L.
Trader can set their take profit (TP) and stop loss (SL) order from the position tab. Bybit support two TP/SL mode, which are TP/SL on entire position or TP/SL on selected position (partial position).
For more information, kindly refer to:
- Take-Profit & Stop-Loss order
- Bybit user guide - Bybit enhanced take profit and stop loss
- Introduction to Enhanced Take Profit / Stop Loss (TP/SL)
Trader can also select their preferred reference price (Last Traded Price, Mark Price or Index Price) to trigger their TP/SL according to their own trading strategies.
The percentage bar below the price column is referring to the estimated ROI% after the TP/SL is triggered. Please note that the TP/SL function on Bybit is also executed via a conditional market order. Traders need to be aware that the price keyed in is the trigger price and may not represent the final execution price. For TP price, the price input must be better than the current market price while for SL price, it must be a price that is worse than the current market price.
11. Trailing Stop
A trailing stop will allow a stop order to follow the last traded price based on a pre-set distance and direction, and will automatically move to lock in the profit or stop loss.
To know how to set a trailing stop, please refer to What is a trailing stop/trailing profit? .
This shows the ADL ranking of the position. In the event of ADL (auto-deleveraging) happened, trader with the highest ranking in the system is prioritized and selected to deleverage first. The auto deleveraging ranking is derived in order of highest profit and effective leverage use.
13. Auto Margin Replenishment
Currently, Auto-Margin Replenishment (AMR) is only available under USDT perpetual contracts, isolated margin mode. AMR is a function that allows traders to automatically add margin to existing open positions in order to avoid liquidation. Once AMR is enabled, every time your margin level is about to reach the maintenance margin level, Bybit will replenish the margin from your available balance. Similarly, the maximum margin that will be added is 100% of position value.
Kindly refer to Introduction to Auto-Margin Replenishment (USDT Contract) for more details.
14. Close By
Trader can choose to close by market order or limit order. When the order is executed, the position will be closed.
15. Show All position & Close All
The "Close All" button is available only when the trader selects "Show All Positions". It is a feature for traders to Close all open positions (all trading pairs) in one-click. Position will be closed at the best available market price and taker fees will be charged.
1. Closed P&L
This will show the realized closed P&L of the respective trading pair. It shows the net P&L after considering all the fees incurred. Please note that the "Trade Time" is referring to the time of position closed and it follows the trader's device time. For more information on how to derive closed P&L, please refer to:
2. Active Tab
The active tab shows the limit orders placed by the trader while the conditional tab shows the conditional orders. Traders can select the "All Active Orders" or “All Conditional orders” from the upper right corner to view the current orders from all trading pairs. Traders can also amend the order price, order quantity, TP/SL or cancel the orders from this page. When a trader selects “All active orders”, the orders from the current trading page will be displayed at the top row, followed by orders from other trading pairs (based on the order creation time). The maximum amount of orders can be displayed is 100 orders.
To cancel all active orders at once, please click on the "Cancel All" button from the upper right corner. Please note that the system can cancel orders up to a maximum of 20 trading pairs per cancellation. For example, if a trader has 30 orders (each of them from different trading pairs), the system will cancel the first 20 orders and the trader will need to click on “Cancel All” again to cancel the remaining 10 orders. However, if trader has 100 orders, coming from 20 trading pairs (each pair has 5 orders created), all 100 orders can be cancelled.
3. Filled tab and Order History Tab
Filled tab shows the trade history of the filled order while the order history tab shows the order history of the respective trading pair. The time display is following trader's device time.
This shows the asset details of the respective coin and trader can immediate transfer their assets from other account (Spot or ByFi account) to derivative account.
Please note that, for the Equity (Derivative Account) under the trading page, it includes the wallet balance + the unrealized P&L calculated using mark price (not LTP).
1. Margin Mode
The default margin mode is cross margin with 10x leverage. Trader can change their margin mode and the leverage multiplier. Trader can change the leverage / margin mode even when there is position opened, as long as trader has sufficient available balance to cover the increased margin required (when changing to lower leverage).
2. Open & Close
Currently only USDT perpetual and inverse futures contract support hedging mode, hence, traders will see the open and close tab. If a trader wants to open a two way position, the trader can use the "OPEN" tab to place long and short orders. If the order is for closing purposes, traders can use the "CLOSE" tab to close long or short positions.
Inverse Perpetual contract: Only support one way mode. Trader can only hold one direction of position each time. When trader place an order with opposite direction, it will close your opened position.
USDT Perpetual contract: Traders can choose their position mode from the settings: one-way or hedge mode. (Default will be one-way mode)
Inverse Futures contract: Traders can choose their position mode from the settings: one-way or hedge mode.
3. Order Zone
For more details on different order Type, trader may refer to the articles below to understand more.
- Bybit user guide - Inverse Trading platform
- Bybit user guide - USDT perpetual platform
- Order types
- Order Execution
Trader can also use calculator to calculate the estimated P/L, Target Price, Liq. Price and Average Entry price. You can refer to How to use Bybit calculator? for more details.
Traders may refer to Bybit Trading Chart FAQ for detailed explanation.