Adjustments to Bybit's Derivative Trading Price Limit Mechanism
To mitigate market risks and enhance your trading experience, Bybit will be adjusting the price limit mechanism for Derivative Trading on Jan 2, 2025. These updates are part of our ongoing efforts to improve the stability and fairness of our trading platform, ensuring a smoother and safer trading environment for all our users.
What’s Changing?
The updated price limit rules will apply to all derivative trading, including all perpetual and future contracts. The specific adjustments are outlined below:
Price Limit Mechanism | Current Setting | New Setting |
Limit Price Benchmark | Last Traded Price | Index Price, Mark Price |
Highest Bid Price | =Last traded price*（1 + x%) | = min( max( index , markprice * ( 1 + x% ）), markprice *( 1 + y%) ) |
Lowest Ask Price | =Last traded price *（1-x%） | = max ( min( index , markprice * ( 1 - x% )) , markprice ( 1 - y%) ) |
Important Information
- API Users: Please refer to the GET /v5/market/instruments-info, category=linear or inverse endpoint for detailed information on the fields: priceLimitRatioX, priceLimitRatioY.
- Detailed Guidelines: For more information on the y and z parameters for derivative trading, please visit our Derivative Trading Parameters page.
What You Need to Do
We encourage all users to review these changes and adjust your trading strategies accordingly before Dec 31, 2024. This will help prevent any order rejections or execution issues resulting from the updated limit order mechanism.
Thank you for your continued support
The Bybit Team
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