Bybit has listed the XLUUSDT TradFi Perpetual Contract, with trading now open at up to 25x leverage. The USDT-settled contract references the Utilities Select Sector SPDR ETF (XLU), uses a 0.01 tick size, carries a 2% capped funding rate with funding fees settled every eight hours, and trades around the clock. It is also available through Futures bots including Futures Grid, Futures Martingale and Futures Combo. TradFi perpetual contracts are synthetic derivatives that track underlying asset price moves without conferring ownership or holder rights, and Bybit reserved the right to change contract parameters at any time.