Before you start to trade USDC perpetual contract, please ensure that you have transferred USDC to your USDC account.
 

Step 1: Click on Assets at the top right-hand corner of the Bybit home page. Then click USDC Derivatives.

 

 

 

 

 

 

Step 2: Next, click Transfer In

 

 

 

 

 

 

Step 3: On the Transfer page, in addition to USDC, you can convert the USDT in your Spot Account into USDC at the real-time exchange rate, and transfer directly to your USDC Account.

 

 

Here’s a detailed process guide to help you start your first USDC Perpetual Contract trade.

 

 

Step 1: Please head over to the Bybit homepage. Click on Derivatives in the navigation bar, and select the contract type to enter the USDC Perpetual Trading page.

 

 

 

 

 

 

Step 2: Move to the Order zone on the right side of the trading page.

 

 

 

 

 

 

Step 3: Bybit offers three order types: Limit Order, Market Order and Conditional Order.

Using the BTC-PERP limit order as an example, please follow the steps outlined below to start placing your order.

 

 

1. Set your desired leverage.

2. Select order type: Limit, Market or Conditional.

3. Enter order price.

4. (a) Enter quantity, or 

    (b) Use the percentage bar to quickly set an order's contract quantity with the corresponding proportion of the account's available margin.

5. Set Buy Long with TP/SL, or Sell Short with TP/SL (optional).

6. Click Buy/Long or Sell/Short.

 

In addition, you can set additional functions according to your investment preferences, such as Post-Only, Reduce-Only, Close On Trigger and Time In Force strategy.

 

Before placing an order, please keep an eye on IM and MM. For more details about IM and MM, please refer to the following two articles:

Initial Margin Calculation (USDC Contract)

Maintenance Margin Calculation (USDC Contract)
 

Note:

— In USDC Perpetual Contract trading, only one-way mode is supported. Users can hold either a long or short position in a contract.

 

 

 

 

 

Step 4: Next, a confirmation window will appear. After checking the order information, click Confirm.

                                     

 

Your order has been submitted successfully!

 

Next, you can view the order details in the position tab, including Position Summary, Positions, Active, Conditional, Filled and Order History.

 

To check your historical order details, please click on Order History or More to enter the history page to explore more information.

 

 

 

Order Cost

There’s one important factor — Order Cost — you must give careful attention to when placing an order. Order Cost is the total margin required to open a position.

 

Formula

Order Cost = Initial Margin + Taker Fee to Open Position + Taker Fee to Close Position

 

To learn more about how to calculate the cost of an order, please refer to the following articles:

 —  Initial Margin Calculation (USDC contract)

 — Perpetual & Futures Contract Fees Explained