Bybit Kazakhstan offers a range of USDC-settled contracts for traders to choose from, including both USDC Perpetual and USDC Futures Contracts.
USDC Perpetual Contracts are a type of contract that has no expiration date and allows traders to go long or short using USDC as margin.
These contracts are quoted in USDC, with all margin, profit, and loss calculations being settled in USDC. Using BTC-PERP as an example, if a trader holds a 1 BTC contract and the price of BTC increases by $100, the trader's profit will be 100 USDC. This means that regardless of the price fluctuations in BTC, traders can always see their profits and losses in terms of USDC.
Note: Bybit Kazakhstan's USDC Perpetual Contracts only support the One-Way position mode, meaning users can only hold either a long or short position in the contract.
USDC Futures Contracts have a set expiration date and allow traders to buy or sell assets at a predetermined price on that future date. Likewise, these contracts are also quoted in USDC and settled in USDC under the Unified Trading Account.
Notes:
— Currently, USDC Futures Contracts can only be traded with a Unified Trading Account (UTA), please upgrade to a UTA to begin trading.
— There are no fees for delivery settlement of USDC Futures Contracts.
— There is no funding fee that will be incurred for USDC Futures Contracts.
— The delivery price is calculated based on the average index price 30 minutes before the delivery time.
— USDC Futures Contract uses the index price of the corresponding Perpetual Contract as its index price.
Read More
8-Hour Session Settlement Mechanism (USDC Perpetual & Futures)
Contract Specifications
USDC Perpetual Contracts (Using BTC-PERP as an example)
|
Symbol |
BTC-PERP |
|
Expiration |
This contract does not expire. |
|
Quoted in |
USDC |
|
Settled in |
USDC |
|
Contract Size |
1 BTC |
|
Tick Size |
$0.5 |
|
Minimum Order Size |
0.001 BTC |
|
Funding Interval |
Every 8 hours 12AM (midnight), 8AM and 4PM UTC |
|
Settlement Interval |
Every 8 hours 12AM (midnight), 8AM and 4PM UTC |
|
Fee Rate |
Trading Fee: Taker: 0.055%; Maker: 0.02% *For more information, please visit here. |
Note: To learn more about the differences between USDC Perpetual Contract and USDT Perpetual Contract on Bybit Kazakhstan, please refer to FAQ — USDC Contract.
USDC Futures Contracts
Currently, Bybit Kazakhstan only supports BTC and ETH USDC Futures Contracts. The USDC Futures Contracts will be available for trading after 8AM UTC to 9AM UTC on the day of listing.
|
Type |
BTC Futures |
ETH Futures |
|
Symbol* |
BTC-24MAR23 |
ETH-31MAR23 |
|
Underlying Asset |
BTC |
ETH |
|
Quoted in |
USDC |
USDC |
|
Settled in |
USDC |
USDC |
|
Tick Size |
$0.5 |
$0.05 |
|
Minimum Order Size |
0.001 BTC |
0.01 ETH |
|
Supported Leverage |
Up to 50x |
Up to 50x |
|
Settlement Interval |
Every 8 Hours - 12AM (midnight), 8AM and 4PM UTC |
Every 8 Hours - 12AM (midnight), 8AM and 4PM UTC |
|
Delivery Time |
8AM (UTC) on Delivery Date |
8AM (UTC) on Delivery Date |
|
Delivery Price |
Average of Index Prices 30 mins before Delivery |
Average of Index Prices 30 mins before Delivery |
|
Delivery Fee |
0 |
0 |
|
Trading Hours |
24 Hours, 7 Days a Week |
24 Hours, 7 Days a Week |
|
Contract Variations |
Weekly, Bi-Weekly, Tri-Weekly, Monthly, Bi-Monthly, Quarterly, Bi-Quarterly |
Weekly, Bi-Weekly, Tri-Weekly, Monthly, Bi-Monthly, Quarterly, Bi-Quarterly |
|
Eligible Account |
Unified Trading Account |
Unified Trading Account |
|
Eligible API Version |
Open API V5 |
Open API V5 |
* On Bybit Kazakhstan, the symbol of the USDC Futures Contract is composed of the underlying asset-delivery date. For example, BTC-17MAR23 means that the BTC-USDC Futures Contract settled on Mar 17, 2023 8AM UTC.
Listing Rules
After the weekly contract has been delivered, the bi-weekly contracts will turn into the new weekly contract, while the tri-weekly contracts will become the new bi-weekly. At this point, a new tri-weekly contract will be generated.
Please note that if the delivery date of the monthly contract overlaps with the delivery date of the upcoming tri-weekly contract, the monthly contract will turn into a new tri-weekly contract. The bi-monthly contract becomes the new monthly contract, and a new bi-monthly contract will be generated at this point.