Bybit is a cryptocurrency exchange founded in 2018 that you can access to safely trade futures, spot, staking, and more on the market. Inverse perpetual and USDT perpetual trading services are provided, and although both are perpetual futures trading for virtual currencies, their characteristics are very different.
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
Which is better: an inverse perpetual contract or a USDT perpetual contract on an exchange? We have compiled a list of detailed information by comparing fees (margins), etc. Which is the better way to order, go long, or go short and hold? It depends entirely on the strategy itself.
| Inverse Perpetual | USDT Perpetual | |
| Margin | BTC、ETH、EOS、XRP | USDT |
| number of currency pairs | 4 | 20 |
| Maximum leverage | 100 | 100 |
| price fluctuation | 〇 | × |
| risk | High | Low |
| hedge | × | 〇 |
| maker | -0.025% | -0.025% |
| taker | 0.075% | 0.075% |
| funding fee | 8 Hour | 8 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
| Pair | Max Leverage |
| BTC/USD | 100 |
| ETH/USD | 50 |
| EOS/USD | 50 |
| XRP/USD | 50 |
USDTPerpetual
| Pair | Max Leverage |
| BTC/USDT | 100 |
| ETH/USDT | 50 |
| BCH/USDT | 50 |
| LTC/USDT | 50 |
| XRP/USDT | 50 |
| BNB/USDT | 25 |
| ADA/USDT | 25 |
| DOGE/USDT | 25 |
| DOT/USDT | 25 |
| UNI/USDT | 25 |
| SOL/USDT | 25 |
| LINK/USDT | 25 |
| MATIC/USDT | 25 |
| ETC/USDT | 25 |
| FILU/USDT | 25 |
| EOS/USDT | 25 |
| AAVE/USDT | 25 |
| XTZ/USDT | 25 |
| SUSHI/USDT | 25 |
| XEM/USDT | 25 |
Settlement date
Since both are unlimited, there is no expiration date for the position. Since there is no expiration date, you can check the status whenever you want and make payments with a simple click. It is important to determine the criteria and understand the market, whether it is rising or falling, so that you do not incur losses when purchasing.
Open a free account
The registration process for Bybit is completed in about 1 minute, so it is easy to set up. In addition, the maximum leverage is 100x, and the stocks are Ripple, Ethereum, and Bitcoin. We also offer bonuses and campaigns, and we also support derivative trading and spot trading. Bybit is the most recommended among overseas crypto exchanges such as Binance, Bitget, and MEXC.
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