Bybit lists PANWUSDT perpetual contract tied to Palo Alto Networks
The new USDT-settled perpetual contract offers up to 20x leverage, 24/7 trading and bot support, extending Bybit’s lineup of stock-linked derivatives.
Bybit has listed the PANWUSDT perpetual contract, giving users exposure to Palo Alto Networks through a USDT-settled derivative that offers up to 20x leverage. Trading is now open on the contract, which has a tick size of 0.01, a capped funding rate of 2.5%, and funding fee settlement every eight hours. The exchange said the product trades 24/7 and is also available through Futures bots including Futures Grid, Futures Martingale and Futures Combo. The launch adds another equity-linked instrument to the growing range of crypto-native derivatives that let traders take leveraged positions tied to traditional financial assets without directly holding the underlying shares.
- Perpetual contract: A derivatives contract with no fixed expiry date that typically uses periodic funding payments to help keep its price aligned with the underlying asset.
- Funding rate: A periodic payment mechanism in perpetual futures that helps keep contract prices close to the reference price of the underlying asset.
- 20x leverage: A feature that lets traders control a position worth up to 20 times their posted collateral, increasing both potential gains and losses.