Introducing BTCUSD Futures Contracts
A futures contract allows you to lock in the future price of an underlying asset. The contract will converge to the spot price and settle upon expiry.
BTCUSD0625, settling on June 25, 2021, is available for trade on Bybit starting today. One more contract — BTCUSD0924 — settling on Sep. 24, 2021, will list a week from now on March 18, 2021.
You can utilize the unique features offered by Bybit’s BTCUSD Futures Contracts to further diversify your trading strategies — whether for leverage or risk control.
Shared Insurance Fund
BTCUSD Futures Contracts share a common Insurance Fund with the BTCUSD Perpetual Contracts. As of March 11, 2021, Bybit’s Insurance Fund balance, which serves as a reserve pool to sustain most of the ups and downs, stands at about 3704.5 BTC.
The expected Liquidation Price is $53,000 and the Bankruptcy Price is $52,950. Due to market volatility, the Mark Price has been reduced to $52,500 — below your Bankruptcy Price.
In this situation, Bybit will automatically take over your remaining positions, offload them onto the market, and draw capital from the Insurance Fund built by BTCUSD Perpetual Contracts to cover your negative equity. This helps minimize Auto-Deleveraging (ADL) risks.
Two Position Modes
You can choose to apply either one-way mode or hedge mode for BTCUSD Futures Contracts.
Under one-way mode, you can only hold positions in one direction — either long or short. If you open positions in both directions, they would cancel each other out.
Under hedge mode, you can hold long and short positions at the same time for the same BTCUSD Futures Contract. In cross margin, if you hold offsetting long and short positions, you are perfectly hedged and will never get liquidated.
Shared Margin Account
Use one single BTC margin account to trade across BTCUSD Inverse Perpetual and Futures Contracts as desired. BTCUSD Futures Contracts will share a common wallet balance and available balance of BTC with BTCUSD Perpetual Contracts, giving traders the flexibility to maximize fund utilization.
No Funding Fee
Your P&L and margin balance will not be affected by periodic funding payments.