Introduction to Copy Trading on Bybit
Copy Trading is a portfolio management tool that allows traders to copy trades executed by other expert investors in the markets.
The goal of Copy Trading is for traders — followers — to have the same trading strategy as the investors they are copying. As experienced investors, principal traders can promote their trading strategies and attract new followers and receive 10% of the net profit earned by each of their followers on Bybit.
Bybit's Copy Trading platform strives to bring followers and principal traders a win-win trading experience. While Copy Trading can be lucrative, there are risks, and followers should take note that the past performance of principal traders is not a guarantee of future returns.
Currently, Bybit supports 15 trading pairs, including BITUSDT, BTCUSDT, ETHUSDT, XRPUSDT and more.
How a Copy Trade Works
With Copy Trading, the positions of principal traders and their followers are adjusted synchronously. After a follower selects a principal trader and sets the copy order parameters, all new copy trades of the corresponding contract type initiated by the principal trader will be automatically copied to the follower's account with the market order. Currently, only isolated margin is supported on Bybit.
Please note that followers can set their preferred leverage for trading pairs, which is not affected by the leverage set by principal traders. However, currently only the same leverage is supported for long and short positions across all trading pairs.
Furthermore, all of the principal trader’s actions in the future are automatically copied to the follower's account, including closing positions. If the follower closes the position manually in advance, the close position will no longer be triggered when the principal trader closes the position.
Followers will face the risk of slippage if the underlying asset they’re trading, experiences illiquid conditions when markets are volatile. To protect the interests of the follower, if the difference between the market price of the copy order and the entry price of the trader is ≥ 0.5%, the order will be canceled.
In addition, there are other reasons why followers may not be able to successfully copy an order. For more details, please refer to FAQ — Copy Trading.