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Bybit lists UBERUSDT perpetual contract with up to 25x leverage

Bybit lists UBERUSDT perpetual contract with up to 25x leverage

The USDT-settled product tied to Uber Technologies trades 24/7, supports Bybit futures bots, and applies funding fee settlement every eight hours with a 2% capped funding rate.

USDT

Fact Check
The official Bybit announcement page confirms every element of the claim: CLSKUSDT perpetual contract tied to CleanSpark, up to 25x leverage, USDT-margined settlement, 24/7 trading, support for Bybit Futures bots, funding settlement every 8 hours, and a 2% capped funding rate. This is a primary source on Bybit's official announcements domain.
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Summary

Bybit has listed the UBERUSDT perpetual contract, a USDT-settled product tied to Uber Technologies (UBER), with trading now open at up to 25x leverage. The contract trades 24/7, uses a tick size of 0.01, caps the funding rate at 2%, and settles funding fees every eight hours. It is also available through Bybit Futures bots including Futures Grid, Futures Martingale and Futures Combo. Bybit lists Uber's official website as https://www.uber.com/ and marks the official X account as N/A. The exchange said it may adjust launch timing and contract parameters, including minimum price change, leverage, margin requirements, order size limits, funding rate, and mark and index price calculations.

Terms & Concepts
  • perpetual contract: A derivatives contract with no expiry date that typically uses recurring funding payments to keep its price close to the underlying market.
  • funding rate: A periodic payment mechanism in perpetual futures that helps align the contract price with the underlying reference market.
  • leverage: Borrowed exposure that lets traders control a larger position with less capital, increasing both potential gains and losses.