Information Technology
Bybit Launches Dynamic Settlement Frequency System for Perpetual Contracts
According to Bybit, future updates to funding rate limits and settlement frequencies will be implemented automatically and may occur without separate announcements.
If a Perpetual Contract initially settles every four hours—at 4 a.m. , 8 a.m. , and 12 p.m. (UTC+8)—and carries upper and lower limits of ±2%, the system will behave as follows:
Following an automatic change to hourly settlements, the system may revert to longer intervals—every two, four, or eight hours—depending on market conditions, without prior notice. The adjustment is typically completed within about four minutes. For example, if the rate reaches the limit at 8 a.m. (UTC+8), the new frequency will be visible by 8:04 a.m. (UTC+8).
Bybit noted that the automatic adjustment feature may be disabled for certain contracts based on liquidity or volatility considerations. The feature will not initially apply to BTCUSDT, BTCUSDC, BTCUSD, ETHUSDT, ETHUSDC, ETHUSD, ETHBTCUSDT, or ETHWUSDT Perpetual Contracts.
Bybit stated that traders can review the latest settlement frequency directly on the platform to adapt their strategies as market conditions evolve.
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Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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