Bybit adds KORUUSDT perpetual contract with up to 20x leverage
The new USDT-settled listing tracks the Direxion Daily MSCI South Korea Bull 3X ETF and is available for manual trading and selected futures bots on Bybit.
USDT
Summary
Bybit has listed the KORUUSDT Perpetual Contract, a USDT-settled product tied to the Direxion Daily MSCI South Korea Bull 3X ETF, with trading now open and leverage of up to 20x. The contract has a tick size of 0.01, a capped funding rate of 2.5%, funding fee settlement every eight hours and 24/7 trading. Bybit also said the contract is available through Futures bots including Futures Grid, Futures Martingale and Futures Combo. Perpetual contracts are derivatives with no expiry that let traders take leveraged exposure to a reference asset without directly owning it.
Terms & Concepts
- perpetual contract: A derivative with no expiry date that allows traders to keep leveraged exposure to a reference asset without owning it directly.
- funding rate: A recurring payment mechanism in perpetual futures that helps keep contract prices aligned with the underlying reference market.
- tick size: The minimum price increment by which a contract can move or be quoted.