[Bybit: Virtual currency, NFT] Features and differences between Inverse Indefinite and USDT Indefinite

Bybit

Bybit is a cryptocurrency exchange that was founded in 2018 and is not that long ago. There are inverse perpetual and USDT perpetual trading services, both perpetual futures contracts for cryptocurrencies, but with very different characteristics.

What is an inverse perpetual contract?

Inverse perpetual contracts are based on BTC, ETH, EOS, and XRP. The actual trading volume is converted in USD and the margin and profit and loss are calculated in the virtual currency traded. The virtual currency to be traded is used as margin, the profit is also received in the virtual currency, and the funding rate occurs every 8 hours.

In the case of an inverse perpetual contract, the risk of price fluctuations is greater than that of USDT. The virtual currency used for trading is used as margin, and profits are also received in the form of the virtual currency, but since virtual currency is highly volatile in the first place, the risk is also very large. Therefore, it can be said that inverse perpetual contracts are very suitable for scalping trades and short-term trades.

What is an inverse futures contract?

This is a bit off topic, but some inverse contracts include futures. This agreement began in 2021. Futures are a form of buying or selling an asset at a predetermined price on a predetermined date in the near future, and the contract is settled when the predetermined date arrives. Unlike perpetual contracts, futures contracts do not have a funding rate, so many people use them for long-term trading.

What is USDT perpetual contract?

USDT, which has stable price movements, is used as margin, and profits can also be received in USDT. More stable than inverses as they tend to be less likely to be caught in a cryptocurrency crash. USDT perpetual contracts also have a funding rate every 8 hours.

USDT perpetual contract uses USDT as margin. USDT is linked to the US dollar, one of the world’s three major currencies, and is not a currency whose price fluctuates dramatically like Bitcoin and virtual currencies. Therefore, it has the characteristic of very stable price movements, so it is highly recommended for those who want stable trading. The more stable you are, the more risks you can reduce.

Inverse Perpetual VS USDT Perpetual

Inverse PerpetualUSDT Perpetual
MarginBTC、ETH、EOS、XRPUSDT
number of currency pairs420
Maximum leverage100100
price fluctuation×
riskHighLow
hedge×
maker-0.025%-0.025%
taker0.075%0.075%
funding fee8 Hour8 Hour

Number of currency pairs and leverage

The number of currency pairs is only 4 in the case of inverse perpetual. However, in the case of USDT, there are 14 types, so it is very abundant. For USDT, the following USDT currencies are supported. And the leverage is also different.

inverse indefinite

PairMax Leverage
BTC/USD100
ETH/USD50
EOS/USD50
XRP/USD50

USDTPerpetual

PairMax Leverage
BTC/USDT100
ETH/USDT50
BCH/USDT50
LTC/USDT50
XRP/USDT50
BNB/USDT25
ADA/USDT25
DOGE/USDT25
DOT/USDT25
UNI/USDT25
SOL/USDT25
LINK/USDT25
MATIC/USDT25
ETC/USDT25
FILU/USDT25
EOS/USDT25
AAVE/USDT25
XTZ/USDT25
SUSHI/USDT25
XEM/USDT25

Settlement date

Since both are unlimited, there is no time limit for positions. Since there is no maturity, you can make payments at any time you like.

Open a free account

Bybit completes the registration process in about 1 minute, so you can easily open it. You can also open an account for free as it does not cost money. It also comes with a bonus.

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