Bybit adds USDT perpetuals for 20 U.S. stocks and ETFs

Bybit announced this week it added seven USDT-settled perpetual contracts, including Oracle (ORCL), Nvidia (NVDA), Circle (CRCL), Invesco QQQ and iShares MSCI funds for Japan (EWJ) and South Korea (EWY). The new listings bring the platform’s 24/7 offering to 20 U.S. stocks, three commodities (gold, silver and oil) and three global ETFs.

The contracts are quoted and settled in USDT and allow up to 10x leverage. Bybit has been adding USDT perpetual tickers weekly since mid-April.

The exchange said the TradFi perpetuals use the same margin, funding-rate and liquidation mechanics as its standard USDT perpetuals. The contracts are designed to let traders take leveraged exposure to traditional financial assets without holding the underlying securities.

Risk controls for the equity perpetuals mirror the broader USDT perpetual framework but include tighter parameters for stocks. Individual equity contracts carry a ±5% deviation limit to reduce the risk of rapid liquidations during periods of low liquidity when U.S. markets are closed.

Bybit applies a tiered risk limit system that raises maintenance margin requirements as position size increases. Higher tiers and different limits can be provided to institutional accounts on request.

The exchange illustrated the difference between crypto and stock perpetuals with example limits: Tier 1 crypto perpetuals such as BTC and ETH can cover positions up to 2 million USDT with maintenance margin rates as low as 0.5%. Tier 1 stock perpetuals such as TSLA and NVDA cover up to 50,000 USDT and use higher maintenance margins, cited at 2% in the example. Under that structure, a $10,000 NVDA position would need at least $200 in equity to avoid liquidation.

Available tickers now span semiconductors (TSM, NVDA, MU), broad technology firms (TSLA, SNDK, META, GOOGL, MSFT, ORCL, AAPL, INTC), digital-asset-related companies (MSTR, COIN, CRCL) and finance-adjacent HOOD, alongside the three commodity perpetuals and the three ETFs.

Bybit indicated the listings are intended to give traders continuous access to price movements and allow hedging and multi-asset strategies within a single derivatives venue even when U.S. markets are closed.