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To enhance your trading experience, Bybit will be implementing changes to the 

Currently, the three (3) products mentioned above are priced in USD while settled in USDC. This has led to certain complexities, despite the 1:1 settlement conversion rate between USDC and USD.

Please note that the calculation of Initial Margin (IM) and Maintenance Margin (MM) will continue to be calculated in USDC, ensuring consistency in the trading process.

The table below illustrates the changes in pricing unit relations that will take effect after the adjustment:

To showcase the effects of adjusting from USD pricing to USDC pricing, let's consider the following scenario based on certain preconditions:

The index price is still denominated in USD. The user's positions and assets are as follows:

Following the transition to a USDC-based price index, assuming prices remain unchanged:

Please take note of the following considerations:

Bybit will be implementing changes to the index prices of USDC Perpetual Contracts, USDC Futures Contracts, and USDC Options from USD index pricing to USDC index pricing.

USDC Contracts and Options: Transition from USD Index to USDC Index for Pricing

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