In this article, we’ve compiled seven powerful tips from top traders in celebration of Bybit's 70 million user milestone. Unlock Bybit’s full potential with this guide now.

Bybit has officially crossed the 70 million user mark — a major milestone that highlights its rise as one of the world’s leading crypto trading platforms. In celebration, we’ve compiled seven powerful tips from top traders to help you unlock Bybit’s full potential.

1. Optimize profits with Grid Bot in sideways markets

“Bybit’s grid bot automated my profits during sideways markets, earning 5% weekly on BTC/USDT.”

Bybit’s Futures Grid Bot is ideal for sideways or range-bound markets, where prices oscillate between support and resistance. It automates "buy low, sell high" within a defined range — helping you capture profits from market volatility 24/7.

The screenshot example shows a BTC/USDT bot setup targeting approximately 13% profit per grid.

2. Customize TradingView charts for precision entries

“Adding Bollinger Bands to Bybit’s charts helped me nail a 10% ETH swing trade.”

Bybit’s integrated TradingView charts offer powerful tools to customize indicators, drawing setups and layouts — perfect for traders who want precise entries and exits.

 tab (top right) for full access to professional-grade tools. To add indicators, click on the 

 icon (as shown in the first screenshot) and search for popular tools like RSI, Bollinger Bands

Use the left-hand drawing toolbar to overlay tools like 

 (screenshot 3) to map key price levels, ideal for swing entries and exits. You can also save your setup (top bar) for future use — perfect for staying consistent with your strategy. Create your custom chart setup now.

3. Use Bybit’s DCA Bot to average in volatile markets 

“Bybit’s DCA bot averaged my BTC buys during a 15% drop, saving me from a bad entry.”

The Dollar-Cost Averaging (DCA) Bot helps long-term traders reduce entry risk during market swings by splitting investments across time intervals.

Instead of investing a lump sum, set your DCA Bot to buy crypto in recurring amounts (e.g., $1,000 weekly over five weeks), improving your average entry price and reducing exposure to short-term volatility.

“Bybit’s Auto Savings earned me 4% APY on my idle USDT in my Bybit Card account, letting me earn without effort.”

 feature puts them to work by automatically allocating them to Flexible Savings plans to help you earn daily yield with no lock-in.

The platform handles the rest, paying out daily yield that you can monitor and redeem at any time. Turn on Auto-Savings and let your crypto earn for you while you sleep. Check out our 

5. Leverage top traders with Copy Trading

“Copying a Bybit master trader earned me 8% on SOL without analyzing charts.”

Bybit’s Copy Trading lets you mirror trades from top-performing pros. Whether you’re a beginning or busy investor, this tool allows you to benefit from proven strategies without manually executing trades.

“Bybit’s Spread Trading lets me lock in a profit by arbitraging BTC futures spreads in one click.”

 lets you profit from price differences between contracts with atomic execution, ensuring both legs are filled simultaneously. Ideal for 

, traders can enter spreads across Spot, Perpetual and Expiration contracts for BTC, ETH and SOL.

 to capture low-risk arbitrage opportunities.

7. Boost research with Bybit’s AI tool — Lens 

“Bybit’s AI Lens tool saved me so much time when researching new crypto projects. It is now my daily go-to tool.”

 is Bybit’s AI-powered analytics tool that helps traders conduct smarter research. It delivers real-time sentiment, project metrics and token insights — saving you hours of manual effort.

Uncover trade ideas and analyze sentiment in real time with 

Join Bybit’s 70M celebration and elevate your trading experience now

Bybit’s 70M milestone is just the beginning. With bots, AI tools, pro trader access and powerful analytics, you’re equipped to trade smarter and earn more.

 event to win from a total prize pool of 140,000 USDT. Simply trade, deposit, or refer others to claim at least 7 USDT in rewards. Learn more about the event 

Beginner

70m.png

7 trading tips for 70M: Pro traders share how to unlock Bybit’s full potential

The Ethereum Fusaka upgrade will introduce PeerDAS (Peer Data Availability Sampling) to improve scalability, and is expected to go live in late 2025. Read more.

Ethereum advances its scaling road map with the upcoming Fusaka upgrade, introducing the innovative PeerDAS protocol. This major technical enhancement aims to revolutionize data availability, potentially enabling an 8x increase in storage capacity and driving 

This article examines the Fusaka upgrade's key features, with special focus on the PeerDAS protocol and its implications for validators downloading blob data. We also explore potential impacts on ETH prices and investment strategies for the forward-thinking crypto investor.

The Ethereum Fusaka upgrade is a planned network update targeted for late 2025. It will introduce PeerDAS (Peer Data Availability Sampling) to improve scalability by allowing validators to verify blob data by sampling only portions, rather than downloading entire datasets.

The name "Fusaka" combines "Fulu," a star from the Cassiopeia constellation, with "Osaka," a city that hosted a past 

 event. This maintains Ethereum's tradition of naming upgrades after stars and cities.

 deployed in May 2025, Fusaka represents the next step in Ethereum's technical road map. However, due to the extensive testing required for its components, the release date might slip into early 2026.

Impact of the recent Ethereum Pectra upgrade

Implemented in May 2025, the Pectra upgrade brought several significant changes to the Ethereum network. Most notably, it introduced EIP-7251, which increased the maximum effective balance (MaxEB) for validators from 32 ETH to 2,048 ETH.

Large-scale validators can now consolidate their operations, reducing the overall validator count while maintaining network security. Pectra also increased blob data capacity, raising the minimum from three to six blobs per block and the maximum from six to nine.

 benefit from more affordable data availability. The upgrade also introduced account abstraction improvements through EIP-7702, enhancing 

 functionality with features like bundled transactions and sponsored 

These changes have begun addressing scalability challenges while improving the user experience, setting the stage for the more ambitious improvements planned by Fusaka.

What does the Ethereum Fusaka upgrade aim to achieve?

The Ethereum Fusaka upgrade focuses on scaling Ethereum through improved data availability, aiming to make the network more efficient for all participants.

Fusaka aims to solve Ethereum's data availability bottleneck, which has become a critical scaling limitation. Currently, validators must process all blob data in each block, creating excessive demands for bandwidth and storage that restrict Layer 2 (L2) throughput and increase end-user fees.

PeerDAS (Peer Data Availability Sampling) transforms this approach by allowing validators to verify data availability through small random samples, rather than complete downloads. This breakthrough dramatically reduces resource requirements while improving network capacity, this enabling Ethereum to support far more L2 transactions without compromising security.

According to Ethereum researcher Alex Stokes, 

 from the current nine blobs per block to a potential 48 blobs with a maximum of 72. This 8x improvement delivers substantial scaling benefits throughout the Ethereum ecosystem by reducing the resource burden on validators.

Such expanded blob capacity translates directly to lower transaction costs for users of L2 solutions like 

. Applications previously hindered by high fees will become economically viable, thereby expanding Ethereum's utility and accessibility across more use cases.

The Pectra upgrade (implemented in May 2025) and the upcoming Fusaka upgrade represent distinct but complementary approaches to Ethereum's scaling challenges. Pectra focused on validator consolidation through MaxEB and made initial steps toward increased data capacity, while Fusaka targets fundamental changes to the way that data availability functions across the Ethereum network.

As mentioned earlier, Pectra's introduction of EIP-7251 increased the maximum effective balance from 32 ETH to 2,048 ETH, allowing large-scale validators to consolidate operations and reduce network overhead. It also introduced account abstraction improvements through EIP-7702, enhancing wallet functionality with features such as bundled transactions and sponsored gas fees.

On the data capacity front, Pectra made modest improvements, increasing blob capacity from three to 9 blobs per block. Fusaka dramatically expands this vision with a substantial 8x jump to 48 blobs per block (with a maximum of 72), representing a quantum leap in Ethereum's data availability capabilities.

The validator experience evolves significantly as a result of these two upgrades. While Pectra streamlined operations through consolidation, Fusaka fundamentally transforms how validators interact with data. PeerDAS requires validators to download only small samples (2–4%), instead of complete blob data, dramatically reducing hardware and bandwidth requirements.

Vitalik Buterin has projected that increasing blob capacity to just 16 could drive L2 fees below $0.01. With Fusaka targeting 48 blobs, transaction costs could approach near-zero levels, enabling Ethereum's L2 ecosystem to process volumes competitive with centralized payment systems while maintaining decentralization.

The impact of the Ethereum Fusaka upgrade on ETH prices

Ethereum's Fusaka upgrade could reignite market enthusiasm by addressing technical limitations that have driven Ethereum users toward competing blockchains. As Ethereum enhances its capabilities, projects and users who migrated to alternatives like Solana might return, bringing fresh activity and capital back to its ecosystem.

Institutional investors view blockchain architecture upgrades as key indicators of long-term viability. As Ethereum strengthens its foundation through Fusaka, cautious institutional capital may accelerate its allocation strategies, as sophisticated investors typically prioritize structural improvements over short-term price fluctuations.

Fusaka's PeerDAS protocol represents a breakthrough for L2 networks by revolutionizing the way data is processed and stored. The 8x increase in blob capacity slashes costs that previously constrained L2 growth. Such a quantum leap in efficiency could catalyze a wave of innovation and adoption across Ethereum's scaling ecosystem.

Reduced validator resource requirements may encourage broader staking participation, potentially decreasing ETH's circulating supply as more tokens become locked in staking contracts. This combination of increased utility and constrained supply could create favorable price dynamics.

However, Ethereum's upgrade history reveals mixed price performance. While ETH gained over 16% in the six months following The Merge, its price declined over 40% in the six months following 

. Moreover, market sentiment, broader cryptocurrency trends and macroeconomic factors influence prices alongside technical improvements. 

Ways to profit from the Ethereum Fusaka upgrade

Investors can position themselves to potentially benefit from the Ethereum Fusaka upgrade through several strategic approaches:

1. Accumulation strategy before upgrade announcements

Consider gradually accumulating ETH in the months leading up to testnet deployments and official announcements. Historically, ETH often experiences price appreciation during the pre-upgrade anticipation phase as speculation builds around potential improvements.

Timing is crucial with upgrade-related investments. The classic "buy the rumor, sell the news" pattern frequently plays out in crypto markets, with prices often peaking just before the actual implementation. Accumulating ETH early before mainstream attention focuses on Fusaka could provide significant advantages.

 (DCA) (rather than lump-sum investments) can mitigate 

 risks during an accumulation phase. Consider setting predetermined exit points to potentially capitalize on pre-upgrade speculation, since prices sometimes retrace following successful implementations despite technical improvements.

For those already running validators or considering staking operations, Fusaka presents unique opportunities. Since PeerDAS reduces hardware requirements, setting up additional validators could become more economical, lowering the barrier to entry for earning staking rewards.

The Pectra upgrade's increased MaxEB feature allows for consolidating existing validators for efficiency, thus reducing operational overhead. This consolidation opportunity, combined with Fusaka's resource efficiency improvements, creates a compelling optimization window for both existing and prospective validators.

 protocols that will likely update their infrastructures to leverage Fusaka's improvements. These services can enable investors to earn staking rewards while maintaining liquidity, offering highly flexible exposure to staking benefits without capital lockups.

Perhaps the most strategic approach involves identifying Layer 2 projects that stand to benefit the most from Fusaka's expanded data availability. Solutions that heavily rely on blob data for rollups will experience significantly reduced operational costs, potentially improving their competitive position.

Analysis of transaction volume and gas consumption can reveal which Layer 2 protocols currently suffer the most from data availability limitations. These projects may see the most dramatic improvements in user experience and cost structure post-Fusaka, potentially driving increased adoption.

Look for L2 protocols that are actively preparing for Fusaka's capabilities, especially those focused on high-throughput applications, such as decentralized exchanges and gaming or social platforms. Projects mentioning Fusaka in their road maps demonstrate awareness of the ways in which these improvements align with their development strategy.

For traders looking to capture Fusaka-related price movements, Bybit offers a straightforward yet powerful trading platform. Its Spot market provides easy ETH purchases with competitive fees, which is ideal for those looking to build positions ahead of the upgrade.

Traders seeking higher potential returns can use 

 to gain leveraged exposure to ETH without directly owning the asset. This approach works well for short-term strategies around key Fusaka development announcements.

To manage the volatility common during upgrade cycles, Bybit's conditional orders and 

 help protect investments. These features allow traders to set buy or sell levels automatically, based on price movements, thus reducing emotional decision-making.

Bybit also offers multiple staking services, allowing investors to earn passive rewards while holding ETH in anticipation of the Fusaka upgrade. This combination of trading tools and yield opportunities provides flexibility for various investment time frames and risk preferences.

The Ethereum Fusaka upgrade and its PeerDAS protocol represent a major leap forward in scaling Ethereum's Layer 2 ecosystem through improved data availability. By allowing validators to sample data rather than download entire blobs, Fusaka significantly reduces hardware requirements while enabling an 8x increase in capacity. These technical improvements translate to lower user transaction fees and new development possibilities for builders. While technical improvements don't always directly affect prices, Fusaka addresses fundamental limitations that could drive long-term adoption and strengthen Ethereum's position in the blockchain ecosystem.

Intermediate

ethereum fusaka upgrade.png

Ethereum Fusaka upgrade: What PeerDAS means for validators

MapleStory N marks the franchise's blockchain debut with a successful launch on Avalanche, generating massive interest through its free NFT mint and player-owned economy.

Daily top performer — EigenLayer (EIGEN)

The S&P 500 futures plunged about 1% after Moody’s cut the U.S. credit rating to Aa1 over rising debt costs and gridlock, despite recent tariff optimism and steady capital inflows. Gold surged over 1% to $3,247.40 an ounce on Monday as a softer dollar and renewed U.S. tariff threats under President Trump reignited safe-haven demand in a low-rate environment. CoinDesk Indices, which tracks the broader crypto market, fell 0.58% in the past 24 hours, while Bitcoin and Ether dropped 2.23% and 4.30%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is EIGEN, which surged 12.2% after Eigen Foundation and SOON launched an incentive program to boost LST/LRT adoption with 349,800 EIGEN tokens.

EigenLayer (EIGEN), founded in 2021, is an Ethereum protocol that lets users restake ETH for extra rewards while keeping it usable, and allows developers to tap into this pooled security for their own projects—boosting yields and decentralization. Eigen Foundation has 

 with SOON to launch the SOON Acceleration Incentive Program, distributing 349,800 EIGEN tokens to encourage adoption of LST/LRT assets within SOON's ecosystem. The collaboration makes EigenDA SOON's preferred high-throughput data availability solution (currently 15MB/s, scaling to 50MB/s), while offering DA cost rebates and support for developers building DePIN, AI, and blockchain projects on SOON's SVM rollup stack.

Check out the latest prices, charts, and data of 

MapleStory N marks the franchise's blockchain 

 with a successful launch on Avalanche, generating massive interest through its free NFT mint and player-owned economy. The game's NXPC token saw significant trading activity as it introduced full on-chain functionality via its dedicated Henesys chain, bringing true digital ownership to this beloved RPG series for the first time in its long history.

Between May 12–16, 2025, BTC spot ETFs saw $72 million in outflows from GBTC offset by $680.4 million of inflows into non-GBTC products, yielding a net weekly inflow of $608.4 million—driven primarily by $319.5 million on May 14 and $260.2 million on May 16. Since inception, GBTC has lost $22.99 billion while non-GBTC ETFs have gained $64.74 billion, for a total net inflow of $41.75 billion.

2.png

MapleStory N debuts on Avalanche, bringing blockchain gaming to classic RPG franchise

Doodles (DOOD) blends NFTs, AI storytelling, and community to redefine web3 entertainment with a dynamic, creator-driven digital universe.

Since 2021, Doodles has remained among the top 

 world, and its colorful line-drawn characters have remained popular. Now, almost four years later, the team behind Doodles has launched the DOOD token, which went live on May 9, 2025.

On May 7, 2025, Doodles announced that the DOOD token generation event would occur on May 9. Its NFT sales volume doubled within one day to hit $1.1 million on May 8, and by May 16, the Doodles NFT sales volume hit $3.9 million, registering a 255% spike in NFT sales from its $1.1 million achievement recorded just eight days earlier.

Furthermore, the project has added DreamNet, a decentralized AI narrative protocol initially powered by the Base network, to its thriving NFT ecosystem. This strategic expansion marks Doodles’ broader ambition to transition from a simple PFP collection to becoming a fully immersive entertainment and content ecosystem.

Let’s learn more about Doodles and its vision to disrupt the 

 is a web3 entertainment platform that includes a community-centric NFT ecosystem, an AI-powered storytelling protocol and other digital offerings.

After a launch led by its three founders (Jordan Castro, Evan Keast and Scott Martin), Doodles entered the web3 space in 2021. The project's 10,000 generative NFTs received a warm welcome in the web3 space.

Apart from its striking NFT characters, the project's hype involves popular names in the entertainment industry, including Pharrell Williams as Chief Brand Officer and Julian Holguin (former president of Billboard) as CEO. However, Scott Martin tweeted in March 2025 that he had stepped in as the new CEO of the Doodles project following Holguin's exit.

In its spirit of innovation and creativity, the project has expanded its ecosystem to include collector hubs known as Stoodio and Inkubator that act as community launchpads for its genesis NFT community. Other products include DoodleTV, which features original animations and music videos.

Furthermore, Doodles has a merchandise shop that sells physical items, including apparel, collectibles and kids' items, such as backpacks and water bottles.

The project recently launched its token, DOOD, which included an 

Doodles entered the crypto space in October 2021 as a PFP NFT project, floating 10,000 genesis NFTs at a minting price of 0.123 ETH per mint.

From the outset, the Doodles NFT project received a lot of hype. Particularly, the project made a bold move in closing its Discord channel after having acquired 1,000 members about a month before its launch. This move was intended to ensure exclusivity for its community and, ultimately, to reward its early NFT adopters.

Doodles was co-founded by notable names in the art and NFT spaces. Two of its co-founders, Evan Keast and Jordan Castro, were part of the team that helped build the popular 

 NFTs by Dapper Labs. Meanwhile, current CEO Scott Martin is a legendary Canadian-based illustrator, having hand-drawn 62 of the genesis collection of 10,000 Doodles NFTs that consisted of original art with unique visual traits that were randomly mixed and matched, similar to 

While the Doodles NFT collection remains at the core of the project's ecosystem, various creativity-related initiatives have been added to it.

DoodlesTV showcases original creations, such as animation shows and music videos by Doodles. One of the original works available on DoodlesTV is the animation show 

which was released in September 2024 (its tickets were sold out). The storytelling experience also features music from top celebrities, such as Pharrell Williams, Lil Wayne and Coi Leray. 

Doodles genesis NFT holders can join events hosted by DoodlesTV for free.

Stoodio is a creative space on Doodles where collectors can create and customize their 

 and upload them to the blockchain. The feature was initially powered by the 

, but has since migrated to the Base blockchain to leverage its speed and affordability. This migration was in line with the platform's vision of better community engagement and enhanced user experience. To commemorate it, Doodles has partnered with Zora for an open edition NFT mint.

 is an AI-driven decentralized storytelling protocol whose community can build, own and monetize story universes. It employs a tokenized economy model that combines human and agent participation in order to drive creativity.

At the heart of every story world on DreamNet is a Universe Token that’s automatically generated to represent the root idea. In order to create narratives and story universes, creators can leverage AI through integrated agents on the platform to enrich and hasten the process. Once created, each idea that's generated by the community is tokenized as an 

 to be paired with the respective Universe Token.

At the core of DreamNet is the agent terminal, where creators can bring characters to life through the AI Launchpad. The user-friendly terminal allows users to easily sculpt a personality, customize it, pick a PFP NFT for the agent, add context to it and then fund it with the Universe Token and launch it as an Agent Token for the community. When a DreamNet agent is launched, it’s paired with an Agent Token, as well as an Active Wallet that the character can use to invest in other agents and swap tokens.

Further, DreamNet’s Multiplayer Place Creation tool allows you to create stages for the characters to play. This tool empowers the community to create shared worlds within the greater story universe on DreamNet. It’s powered and governed by Place Tokens, which operate similarly to Agent Tokens but on a broader scale.

DreamNet also has an AI-readable Vector Worldstate database that uses a vector format to record all occurrences in the story universes. Vectors are mathematical representations (typically numerical arrays) that AI models can interpret, compare and build upon, allowing the system to track, understand and evolve narratives over time. This innovative database will record the profiles of verified characters, details of everywhere they’ve been and any other significant information related to them.

In short, DreamNet is Doodles' innovative approach to decentralizing and monetizing storytelling through AI and blockchain technology.

Another feature of the Doodles ecosystem is the Inkubator, which acts as a creative hub for Doodles OG holders to turn their creative dreams into reality. This community-centric hub allows these NFT holders to hold community events, experiment with ideas and obtain funding to fuel their brands.

As an incentive, Inkubator offers holders one-time community grants in order to explore and tap into their innovative spirits. For ease and efficiency, Inkubator's community grants are categorized into two categories: event grants and experiment grants.

The community can also submit proposals on Inkubator to offer ideas for enriching Doodles to make a real impact.

The Doodles Community Council powers Inkubator, processes proposals and supports those who are funded through the grants.

DOOD is the utility token for creating and participating in the Doodles ecosystem. It was launched on 

 in order to leverage the platform's speed and low transaction costs. However, the plan is to bridge DOOD to Base soon to make it a multichain digital asset and facilitate integration with the larger Ethereum NFT market.

The initial total supply of DOOD is 10 billion. According to its tokenomics, 68% of this total supply has been allocated to Doodles’ community and growth. The balance goes to the Doodles team and for liquidity. Allocation is as follows:

DOOD will act as the medium of exchange on the Doodles ecosystem, especially on DreamNet. It will be used in the following ways:

You can buy DOOD on Bybit as a Spot pair, or in the Innovation Zone as a Perpetual contract with leverage of up to 12.5x.

To celebrate its listing on the Spot trading platform, Bybit is holding two events in which 

As of May 19, 2025, the price of the Doodles crypto token is $0.004387, a 50.9% drop from its all-time high of $0.008887 on May 9, 2025, and a 2.6% increase from its all-time low of $0.004254 on May 18, 2025.

Price prediction platforms are pretty bullish on Doodles. According to price analysts at CoinCodex, 

 a maximum price of $0.0069 in 2027 and increase to $0.02045 by 2030. Meanwhile, experts at DigitalCoinPrice predict that 

 $0.0155 in 2027 and rise to $0.0197 by 2030.

While these prices are bullish, they don’t guarantee the future price of DOOD. We highly recommend you 

 before investing in Doodles or any other crypto tokens.

Doodles (DOOD) is ushering in a new era of participatory entertainment where fans aren’t just consumers — they’re creators. With innovative products like DoodlesTV, Stoodio and the Inkubator, its ecosystem empowers users to customize characters, mint digital wearables and engage in storytelling like never before. 

At the heart of it all is DreamNet, a decentralized protocol that’s redefining how communities co-create, share and monetize content. By blending blockchain technology with creative expression, Doodles is building a vibrant, interactive universe that puts fans in control and turns imagination into one decentralized story at a time.

doodles crypto.png

Doodles (DOOD): A new era of participatory entertainment

Bybit Learn

Trading

Bybit Guide

Learn about USDT-settled crypto perpetuals, one of the most popular crypto derivatives product, how they work and how you can start trading them.

New-user-5050-USDT_728x90.png

top-bybit-usdt-perp-050825.png

usdt_perpetuals_1.png

usdt_perpetuals_2.png

usdt_perpetuals_3.png

usdt_perpetuals_4.png

usdt_perpetuals_5.png

usdt_perpetuals_6.png

usdt_perpetuals_7.png

usdt_perpetuals_8.png

usdt_perpetuals_9.png

usdt_perpetuals_10.png

usdt_perpetuals_11.png

usdt_perpetuals_12.png

usdt_perpetuals_19.png

usdt_perpetuals_14.png

bybit-usdt-perp-manage-positions.jpeg

usdt_perpetuals_13.png

usdt_perpetuals_16.png

usdt_perpetuals_17.png

Skinny_Banner-1600x400.webp

Crypto perpetuals futures are a type of derivatives product that allows traders to gain exposure to cryptocurrencies with leverage. Traders have the flexibility to go 

 on crypto assets, and keep their positions open for indefinite periods. 

With USDT perpetual futures on Bybit's intuitive and user-friendly trading platform, you can realize these benefits with futures contracts settled in USDT, a leading 

This article will introduce you to USDT-settled crypto perpetuals, and explain how they work and how you can start trading them. No worries — we'll guide you through each step you need to take to get started with USDT perpetual futures trading on Bybit.

What Are USDT Perpetual Futures Contracts?

 are crypto perpetuals settled in Tether USD (USDT), a stablecoin pegged to the U.S. dollar (USD).

 As derivatives, cryptocurrency perpetuals enable you to trade an underlying asset like Bitcoin (BTC) or Ethereum (ETH) without an expiration date. While you are obliged to buy or sell traditional futures at expiration, you can hold crypto perpetual contracts indefinitely.

Crypto perpetuals allow you to use leverage to amplify your potential returns and keep your positions open for indefinite periods. They also offer you the flexibility to profit from both upward and downward price movements with long and short trades. Perpetual futures trading can also help you hedge against market risks without owning the underlying asset.

On Bybit, all settlements, margin, and profit and loss (P&L) calculations are denominated in USDT for linear USDT perpetuals. On the other hand, 

, which you can use to generate returns when crypto prices fall, are settled in the underlying asset.

Tether USD (USDT) is the leading stablecoin by market capitalization. As of May 8, 2025, it 

 a $149.5 billion market cap, and a $27.54 billion trading volume in the past 24 hours. USDT is issued and managed by the British Virgin Islands–based Tether Limited. It's owned by iFinex Inc, the same company that operates the Bitfinex cryptocurrency exchange.

USDT is a fiat-pegged stablecoin that closely follows the price of the U.S. dollar. To ensure the stablecoin's price stability, Tether maintains physical reserves, of which nearly 84% is 

Top Bybit USDT Perpetual Futures by Trading Volume

Bybit has a wide selection of USDT perpetuals that you can trade to speculate on the prices of underlying assets.

As of May 8, 2025, the top five USDT perpetual contracts by 24-hour trading volume on Bybit are 

How Do USDT-Settled Crypto Perpetuals Work?

, crypto perpetuals don't have an expiration date, and can be held indefinitely. Since they don't expire, no physical delivery of the underlying asset is necessary. Instead, perpetual contracts are settled in cash, and their primary purpose is to enable traders to speculate on crypto prices without owning the underlying asset. On Bybit, settlement takes place in the USDT stablecoin for USDT perpetuals, and USDC for 

Because they lack an expiration date, crypto perpetuals rely on the funding rate mechanism to track the underlying asset's price. The funding rate can be positive or negative, and can change based on how close the futures price is to the spot price.

A positive funding rate indicates an overall bullish market sentiment. When the futures price is trading at a higher level than the spot price, buyers (longs) are required to pay sellers (shorts) the funding amount. In contrast, a negative funding rate is generally a signal of bearish market sentiment. Here, longs pay shorts the funding amount (as the futures price is lower than the spot price).

Key Metrics for USDT Perpetual Futures Contracts

How to Trade USDT Perpetual Futures on Bybit

Compete for 2,500 USDT USDT Every Week

How to Trade USDT Perpetual Futures on Bybit

Grab Up to 5,000 USDT in Rewards

Compete for 2,500 USDT USDT Every Week

Grab Up to 5,000 USDT in Rewards