Bybit has opened trading in the OUSTUSDT perpetual contract (a futures product with no expiry) with maximum leverage of 25x. The contract uses Ouster, Inc. (OUST) as the underlying asset and USDT as the settlement asset, with a tick size of 0.01, a capped funding rate of 2%, funding fee settlement every 8 hours and continuous 24/7 trading. Bybit said the market is also accessible through Futures Grid, Futures Martingale and Futures Combo, and added that it may adjust the launch time and contract parameters including leverage, margin requirements, order-size limits, funding rate, mark price calculation and index price calculation.