Q) What is the difference between Bybit perpetual contracts and Bybit futures contracts?
As the name suggests, Bybit perpetual contracts do not have an expiry date and traders can hold their position(s) for as long as they wish. On the other hand, futures contracts have a pre-determined settlement date and all positions have to be settled latest by a specific date.
In addition, the lack of a funding mechanism is also the main difference between the two.
For all other features and functionalities, both trading pairs share very similar characteristics. Therefore, for more FAQ, please visit here.
Q) What are the fees involved when trading Bybit futures contracts?
a) Trading fees (Taker fees payable 0.075% or maker rebates 0.025%)
b) Settlement fee payable 0.05%*
*Settlement fee is only applicable if the system automatically settles your futures position(s) on the settlement date. For more info, please visit here
Q) Is it possible to hold a futures position beyond the settlement date?
No, it is not possible. All open positions will be automatically settled by the system on the settlement date. If you would like to hold a position for as long as you wish, please consider trading our Bybit inverse perpetual or USDT perpetual.
Q) What type of cryptocurrency do I need to deposit to trade inverse futures contracts?
It depends on the trading pair you intend to trade on Bybit. For example, if you trade Bybit BTCUSD futures, you will need to enter a position using BTC as an initial margin and all P&L will also be settled in BTC when the position closes.
However, traders may deposit any cryptocurrencies currently supported on the Bybit platform and utilize the Asset Exchange function to obtain the required asset needed to trade the respective trading pairs.
To find out how to use the Assets Exchange function, please click here.
Q) What is the highest leverage that I can use when trading inverse futures contracts?
Q) What is the single minimum order size I can place for inverse futures contracts?
The smallest contract size for all trading pairs per order is 1 USD
Q) What is the single largest order size that I can place to open/increase a position for inverse futures contracts?
The largest contract size per order is 1,000,000 USD in contract quantity, capped at 100 BTC
Q) What is the largest position size that I can hold for inverse futures contracts?
|Position value||1500 BTC|
Q) What is the single largest order size that I can place to close/reduce a position for inverse futures contracts?
The largest contract size per order is 1,000,000 USD in contract quantity, capped at 200 BTC
Q) Does inverse perpetual and inverse futures share the same BTC available balance?
Yes, both trading pairs share the same available balance.
Q) Does inverse perpetual and inverse futures share the same BTC insurance fund?
Yes, both trading pairs share the same insurance fund.
Q) What does the symbol for the futures contract represent?
For a typical Bybit futures contract, the symbol will be represented in the following format: XXXUSDMMSS
- XXX = coin type, for example BTC
- MM = Settlement month
- SS = Settlement day
Therefore, using the example above, the symbol for a BTCUSD futures contract with a settlement date on 25 December 2020 will be BTCUSD1225
Q) Does inverse futures support position hedging?
Yes, but only within the same futures contract settlement date. In addition, traders need to ensure the following settings are applied
- Switch to "Hedge mode"
- Open both buy long and sell short positions
- Select "Cross Margin" mode for both long and short positions
Q) Can unrealized profits be used to increase/open new positions?
No, traders are unable to do so.
Q) I would like to find out more about Bybit inverse futures, where should I go?