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Bybit lists XOMUSDT perpetual contract with up to 25x leverage

Bybit launched USDT-settled perpetual contracts tied to Exxonmobil and Johnson & Johnson, with 24/7 trading, up to 25x leverage, futures bot support, and funding fees settled every eight hours.

Summary

Bybit has launched USDT-settled perpetual futures products tied to Exxonmobil (XOM) and Johnson & Johnson (JNJ). The XOMUSDT and JNJUSDT contracts each offer up to 25x leverage, trade 24/7, use a tick size of 0.01, and apply a capped funding rate of 2%, with funding fees settled every eight hours. Both markets are also available through Bybit Futures bots, including Futures Grid, Futures Martingale and Futures Combo. Bybit said it may adjust launch timing and contract parameters, including leverage, margin requirements, order size limits, funding rate, and mark and index price calculations.

Terms & Concepts
  • Perpetual contract: A futures-style derivatives contract with no expiry date, typically kept near the underlying reference price through periodic funding payments.
  • Funding rate: A periodic payment mechanism between long and short positions in perpetual contracts that helps align the contract price with the underlying reference price.
  • Tick size: The minimum price increment by which an order or contract can move on the trading venue.