Take Profit (TP) and Stop Loss (SL) are ways to manage the risk of your open positions in the crypto market. A stop loss order helps you control the amount you’re prepared to lose in a trade. Meanwhile, a take profit order can be used to lock in profits when market prices move sharply.
In USDC Perpetual Contract trading, traders are able to preset a TP/SL when placing a Limit Order, Market Order or Conditional Order.
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The Differences
With Bybit, some of the differences between USDC Perpetual, USDT Perpetual and Inverse Contracts are as follows:
| USDC Perpetual | USDT Perpetual | Inverse PerpetualInverse Futures | |
| TP/SL Function | TP/SL on the Entire Position |
— TP/SL on the Entire Position — TP/SL on Selected Positions |
— TP/SL on the Entire Position — TP/SL on Selected Positions |
| Default Trigger Price | Mark Price | Last Traded Price | Last Traded Price |
| The price used to calculate the expected P&L under the TP/SL setting | Session Average Price |
Entry Price |
Entry Price |
|
Percentage Bar Setting Supported |
— Regular Margin: Yes— Portfolio Margin: No | Yes | Yes |
| TP: Selectable Percentage | 10%, 25%, 50%, 100%, 200% | 10%, 25%, 50%, 100%, 150% | 25%, 50%, 75%, 100%, 150% |
| SL: Selectable Percentage | 5%, 10%, 20%, 30%, 50% | 5%, 10%, 25%, 50%, 75% | 5%, 15%, 25%, 50% |
To learn more about the change of TP/SL when opening an opposite position of a USDC Perpetual Contract, please refer to the following example:
Trader A holds a 5 BTC long position with a TP of $50,000 and a SL of $48,000.
Scenario 1
- Place a new order: a 3 BTC short position with a TP price of $47,000 and a SL price of $50,000.
- After the order is successfully executed, Trader A will have a long position of 2 BTC, and the TP/SL price is still $50,000/$48,000.
Scenario 2
- Place a new order: a 6 BTC short position with a TP price of $47,000 and a SL price of $50,000.
- After the order is successfully executed, Trader A will have a short position of 1 BTC, and the TP/SL price is updated to $47,000/$50,000 respectively.