Bybit delivery contracts, also known as Bybit futures, are derivative products that involve agreements to buy or sell specific cryptocurrencies at a predetermined price on a future settlement date.
Understanding Delivery Contracts with Bitcoin Example
Imagine a buyer and seller agree to exchange 5 BTC at $20,000 on December 31, 2022. Regardless of Bitcoin's market price at settlement:
- The seller must deliver 5 BTC at $20,000
- The buyer must purchase 5 BTC at $20,000
- Both parties may close positions before settlement
Like Bybit inverse contracts, delivery contracts:
- Calculate contract value in USD
- Settle profits/losses in Bitcoin
👉 Discover how inverse futures work
Key Features of Bybit Delivery Contracts
| Feature | Detail |
|---|---|
| Contract Value | 1 contract = $1 USD |
| Settlement Type | Bitcoin cash settlement |
| Fees | Taker: 0.055% / Maker: 0.02% |
| Liquidation | Triggered by mark price (except during 07:30-08:00 UTC on settlement day) |
| Price Limits | Buy orders ≤ 105% / Sell orders ≥ 95% of last traded price |
Listing and Settlement Dates (2022 Contracts)
| Contract | Listing Date | Settlement Date |
|---|---|---|
| BTCUSD0930 | March 11, 2022 | September 30, 2022 |
| BTCUSD1230 | June 10, 2022 | December 30, 2022 |
| BTCUSD0331 | September 16, 2022 | March 31, 2023 |
| ETHUSD0930 | March 11, 2022 | September 30, 2022 |
| ETHUSD1230 | June 10, 2022 | December 30, 2022 |
| ETHUSD0331 | September 16, 2022 | March 31, 2023 |
Key Times:
- Contract expiry: 08:00 UTC on settlement day
- Settlement fee: 0.05%
Advantages of Bybit Inverse Delivery Contracts
- Shared Margin with Inverse Contracts
Trade both inverse and delivery contracts using a single BTC account. - Shared Insurance Fund
Merged protection pool with BTCUSD inverse contracts. - No Funding Rates
Hold positions without paying/receiving funding fees.
👉 Learn advanced trading strategies
Frequently Asked Questions
Q: How is delivery contract PnL calculated?
A: Profit/loss = (Settlement Price - Entry Price) × Position Size, settled in BTC.
Q: Can I roll over delivery contracts?
A: Positions automatically close at settlement. Open new contracts manually.
Q: What happens if I don't close before settlement?
A: All open positions settle automatically at the predetermined price.
Q: Are delivery contracts suitable for hedging?
A: Yes, they're effective for locking in future prices against spot market volatility.
Getting Started with Bybit Futures Platform
New users should:
- Complete KYC verification
- Fund their trading account
- Practice with testnet environment
- Start with small positions to understand mechanics
For platform navigation guides, refer to Bybit's official documentation.