Understanding Bybit Futures Contracts
Understanding Bybit Futures Contracts
Bybit is a popular cryptocurrency exchange known for its robust platform offering both Spot market trading and various derivatives products, most notably Futures contract trading. This overview provides a beginner-friendly introduction to using Bybit, focusing on its futures offerings.
Core Features of Bybit
Bybit emphasizes speed, security, and a high-performance matching engine. Key features include:
- High liquidity across major pairs.
- A wide selection of derivatives products, including perpetual and fixed-date futures.
- Advanced trading tools suitable for both novice and professional traders.
- 24/7 customer support.
New users can begin their journey by visiting Register here.
Spot vs. Futures Trading on Bybit
It is crucial to understand the difference between Bybit's Spot market and its futures products:
- Spot Trading: Involves the direct buying or selling of the underlying asset (e.g., buying Bitcoin with USD). You own the asset immediately.
- Futures Trading: Involves agreements to trade an asset at a predetermined price on a specified future date (or perpetually). This allows for leverage and short selling, which are not always available or straightforward in spot markets.
Bybit primarily offers Perpetual Futures, which do not expire and require a funding rate mechanism to keep the contract price aligned with the spot price.
Supported Assets and Markets
Bybit supports a large array of cryptocurrencies for both spot and derivatives trading. For futures, the most popular pairs are typically settled in USDT (Tether) or USDC, such as BTC/USDT or ETH/USDT. They also offer Inverse contracts, settled in the underlying cryptocurrency itself (e.g., BTC contracts settled in BTC).
Order Types Available
Understanding order types is fundamental to executing trades efficiently on the Order book. Bybit supports several types:
- Limit order: Places an order to buy or sell at a specific price or better. This order sits on the Order book until filled.
- Market order: Executes immediately at the best available price.
- Stop Orders: Includes Stop-Limit and Stop-Market orders, which trigger only when a specified stop price is reached.
- Trailing Stop: Automatically adjusts the stop price as the market moves favorably.
Fees Structure
Bybit utilizes a maker-taker fee model. Fees are generally lower for derivatives trading compared to some spot markets, especially for users who provide liquidity (makers). Fees vary based on the user's VIP level. Traders should review the current structure regularly. For more detail, see Navigating Bybit's Fee Structure.
Liquidity and Market Depth
Bybit consistently ranks among the top exchanges globally for derivatives trading volume. High volume translates to deep liquidity, meaning large orders can be executed with minimal price slippage. Analyzing market depth, often through tools that help in Understanding Market Sentiment Through Technical Analysis Tools", is vital when placing large trades. A specific analysis example can be found at BTC/USDT Futures Trading Analysis - 25 03 2025.
Security Practices
Bybit implements several security measures:
- Two-Factor Authentication (2FA).
- Cold storage for the vast majority of user assets.
- Anti-phishing codes.
Traders are always responsible for securing their own accounts, including strong passwords and 2FA usage. See Bybit Security Measures for Beginners for more information.
KYC Requirements and Limits
Bybit operates with tiered Know Your Customer (KYC) requirements. Basic trading features may be accessible with minimal verification, but higher withdrawal limits and access to certain advanced features often require full KYC verification. Limits on deposits and withdrawals are tied to these verification levels.
Funding and Withdrawals
Deposits (crypto or fiat, depending on region) are credited once confirmed on the blockchain. Withdrawals are processed periodically and require security checks. For a detailed guide, refer to Depositing and Withdrawing Funds on Bybit.
Mobile and Web User Experience (UX)
Bybit offers a comprehensive web platform featuring advanced charting tools (often utilizing TradingView). The mobile application is highly rated, allowing users to monitor positions, manage orders, and execute trades on the go. The interface is generally considered intuitive for users familiar with modern trading applications.
Risks and Responsible Trading
Futures trading involves significant risk due to leverage. Leverage amplifies both potential profits and potential losses. Traders can lose more than their initial margin if proper risk controls are not in place. It is essential to use stop-loss orders and understand margin requirements. For further reading on managing potential downside, consult Risk Management Techniques for Perpetual Contracts in Crypto Futures Trading.
First Steps Checklist
New users looking to start trading futures on Bybit should follow these steps:
| Step | Description |
|---|---|
| 1 | Complete account registration Register here. |
| 2 | Enable Two-Factor Authentication (2FA). |
| 3 | Deposit funds (USDT or other supported assets). |
| 4 | Transfer assets from Spot Wallet to Derivatives Wallet. |
| 5 | Review the current fee schedule and margin requirements. |
| 6 | Practice placing a small Limit order on a testnet if available, or with minimal capital. |
See also (on this site)
- Bybit Spot Trading Explained Simply
- Navigating Bybit's Fee Structure
- Depositing and Withdrawing Funds on Bybit
- Bybit Security Measures for Beginners
Recommended articles
- The Difference Between Spot Trading and Futures on Exchanges
- Leveraging Volume Profile for Effective Crypto Futures Analysis
- Crypto Futures Trading for Beginners: A 2024 Guide to Hedging
- How to Trade Futures with Small Capital
- Perbedaan Crypto Futures vs Spot Trading: Mana yang Lebih Menguntungkan?
Recommended Futures Trading Platforms
| Platform | Futures perks & welcome offers | Register / Offer |
|---|---|---|
| Binance Futures | Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days | Sign up on Binance |
| Bybit Futures | Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks | Start on Bybit |
| BingX Futures | Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount | Join BingX |
| WEEX Futures | Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees | Register at WEEX |
| MEXC Futures | Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD) | Join MEXC |
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