To protect traders from market manipulations, Bybit implements the following price limits for futures contracts and perpetual contracts.
|All trading pairs|
|Highest Bid Price||5%|
|Lowest Ask Price||5%|
1) The price limits of BTC trading pairs are ± 5%, i.e. Highest Bid Price = Last Traded Price * (1 + 5%); Lowest Ask Price = Last Traded Price * (1 - 5%);
- The price limit applies to all contracts that has BTC as an underlying asset, including BTCUSD and BTCUSDT perpetual contracts, and all BTC futures contracts.
3) The price limits apply to opening and closing positions. TPSL is excluded from these price limits.
4) If the order price is higher than the highest bid price when the trader opens long or closes short positions, the highest bid price limit will be applied.
5) Conversely, the same logic applies for the lowest ask price. If the order price is lower than the lowest ask price when the trader opens short or closes long positions, the lowest ask price limit will be applied.
6) The price limit range is not conclusive and can be subjected to changes in the future.
LTP is $10,000. Trader A places a BTCUSD buy long limit order of 100 quantity with an order price of $11,000. As the order price is placed at a worse price compared to best ask price, this order is immediately executed. However, since the system can only successfully fill 70 contracts quantity within the highest bid price ($10,500), the remaining 30 contracts quantity will be rejected by the system. This is also applicable for all other order types available on Bybit.