The USDT-settled GRVT contract is now trading 24/7 on Bybit with a 0.00001 tick size, 2.5% capped funding rate and funding settlements every four hours.
Bybit has listed the GRVTUSDT perpetual contract in its Innovation Zone, opening trading on a USDT-settled derivatives product tied to Grvt (GRVT) with up to 20x leverage. The contract trades 24/7, uses a tick size of 0.00001, carries a capped funding rate of 2.5% and settles funding fees every four hours. Bybit said Innovation Zone contracts are subject to higher trading fees than other perpetual products. The exchange also said it may adjust launch timing and contract parameters, including minimum price change, maximum leverage, margin requirements, order-size limits, funding rate, mark price calculation and index price calculation.