Bybit offers a range of USDC-settled contracts for traders to choose from USDC Perpetual Contracts are a type of contract that has no expiration date and allows traders to go long or short using USDC as margin.
These contracts are quoted in USDC, with all margin, profit, and loss calculations being settled in USDC. Using BTCUSDC as an example, if a trader holds a 1 BTC contract and the price of BTC increases by $100, the trader's profit will be 100 USDC. This means that regardless of the price fluctuations in BTC, traders can always see their profits and losses in terms of USDC.
Note: Bybit's USDC Perpetual Contracts only support the One-Way position mode, meaning users can only hold either a long or short position in the contract.
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USDC Perpetual Session Settlement Mechanism
Contract Specifications
USDC Perpetual Contracts (Using BTCUSDC as an example)
Note: To learn more about the differences between USDC Perpetual Contract and USDT Perpetual Contract on Bybit, please refer to FAQ — USDC Contract.
Listing Rules
After the weekly contract has been delivered, the bi-weekly contracts will turn into the new weekly contract, while the tri-weekly contracts will become the new bi-weekly. At this point, a new tri-weekly contract will be generated.
Please note that if the delivery date of the monthly contract overlaps with the delivery date of the upcoming tri-weekly contract, the monthly contract will turn into a new tri-weekly contract. The bi-monthly contract becomes the new monthly contract, and a new bi-monthly contract will be generated at this point.