Bybit has opened trading for the MRKUSDT TradFi Perpetual Contract, which references the equity of Merck & Co Inc (MRK) and offers leverage of up to 25x. The USDT-settled contract has a 0.01 tick size, a capped funding rate of 2%, a funding fee settlement interval of 8 and trading hours listed as 7*24. It is also available through Futures bots including Futures Grid, Futures Martingale and Futures Combo. TradFi Perpetual Contracts are synthetic derivative instruments (contracts tracking an asset price without ownership) and do not provide ownership, dividend, voting, distribution or other holder rights in the underlying asset. Bybit warns that prices may diverge from the underlying asset and that leverage can result in the total loss of margin and, where applicable, additional losses. The exchange may change contract parameters, restrict availability, or adjust, suspend or terminate the product in response to corporate actions, laws, regulatory requirements or internal policies. The product may not be available in all jurisdictions or to all users, and traders are responsible for complying with local laws.