Bybit lists SONYUSDT perpetual contract with up to 20x leverage

The Sony Group-linked derivatives contract trades 24/7, settles funding every eight hours, and is available through Bybit’s Futures Grid, Futures Martingale and Futures Combo bots.

USDT

Summary

Bybit has listed the SONYUSDT Perpetual Contract, adding a Sony Group-linked derivatives product with up to 20x leverage. The contract uses Sony Group (SONY) as its underlying asset and USDT as its settlement asset, with a tick size of 0.01, a capped funding rate of 2.5%, and funding fee settlement every eight hours while trading runs 24/7. Bybit said the contract is also available through Futures Grid, Futures Martingale and Futures Combo bots, and added that it may adjust launch timing and contract parameters including minimum price change, leverage, margin requirements, order-size limits, funding rate, mark price calculation, and index price calculation.

Terms & Concepts
  • perpetual contract: A futures-style derivative with no expiry date that can remain open indefinitely.
  • leverage: Borrowed exposure that lets traders control larger positions with less capital.
  • funding rate: A periodic payment mechanism designed to keep perpetual contract prices aligned with the underlying market.