Bitcoin Forum

good afternoon,

just a query on Bybit using a leverage x5 isolated trade -

how long can you keep a trade open for?

also could someone tell me what the ADL Indicator bars are when my position is no where near the liquidation price and im in profit, iv noticed the bars and hovering between 1-2. What happens if the bars go to max?

Thank you

Contracts with bybit are perpetual. You could leave one open for as long as you want but the interest rate for keeping the position open might eat it all eventually.

Afaik the 5bar indicator is the liquidation priority you have. Hence, if you're in profit, your priority in the queue will be lower and thus you'll liquidate at a lower price. Likewise, if the bar is full the opposite is true...

Thanks very much for your reply. Im planning on keeping the position open for atleast 1-2 weeks.

You can, especially if the market is trending in a give direction depending on the call in your position. If the market is not trending then you might end up making losses due to funding rates. I have been there before  ;)

When risking your assets, make sure there is a possibility of getting good profit out of it. It would make no sense opening up a risky position, yet you end up making a profit of less than 2% of your total portfolio after a long wait of 2 weeks.

How much are the funding rates on bybit?

Noticed my wallet balance is going down, this must be the fees....

Yes my margin keeps going down.

The funding rates keep changing every 8 hours, so the value is not permanent. You should be able to see the current funding rate in percentage and  count down to the next funding rate near the order book.

As for the trading fees this is how Bybit charges

Maker (Limit orders) - Fee: -0.025% (Yes they pay you 0.025% if your limit order gets filled)

Taker (market orders) -  Fee: 0.075%
Check this blog for guidance on their fees:
- https://blog.bybit.com/learn/how-much-trading-fees-do-i-pay
- https://blog.bybit.com/learn/what-is-the-funding-fee

Many thanks for your input. Why do the indicators go up the more you’re in profit? Are they just slowing your leverage down?

Many thanks for your input. Why do the indicators go up the more you’re in profit? Are they just slowing your leverage down?

On May 24, 2021, the Bybit exchange will launch the Bybit Cloud Mining platform for Ethereum cloud mining. Bybit Cloud Mining users will be able to rent a hashrate for 7, 21 and 42 days. The minimum investment amount is $100. According to the exchange, it will cover the potential losses of users in the event of downtime of the platform. https://blog.bybit.com/en-us/announcements/cloud-mining-en/

Bybit has warned of restrictions on Chinese IP addresses from June 15, 2021. According to the report, users from mainland China will lose access to the API for market quotes, orders and other operations, including third-party trading tools. https://blog.bybit.com/zh-cn/announcements-cn/important/api-restricted/

Japan's Financial Services Agency (FSA) has issued a warning to the Bybit cryptocurrency exchange for operating without a license. https://www.scribd.com/document/510021075/BybitFintechLimited-keikokushiryo#from_embed
The regulator did not specify whether it plans to make any claims to the trading platform.
In February 2021, Bybit received a similar warning from the UK Financial Conduct Authority. In March, the exchange announced that it would stop serving residents of the country.

I saw this coming. When bitmex faced similar troubles with CFTC (https://www.cftc.gov/PressRoom/PressReleases/8270-20) last year. So many traders migrated to other less strict derivatives exchanges like Bybit. At first glance it seemed good news since the volumes went up but the bad news is that those exchanges eventually get on the spot light of all those bloody law enforcement bodies and with time they end up enforcing policies that most traders don't like.

Now Canada is accusing ByBit of violations The Ontario Securities Commission (OSC) has accused the Bybit cryptocurrency exchange of violating the securities law. According to an official statement made by the OSC, the exchange does not have the right to serve Canadians. The OSC intends to collect a fine of ~$807,000 from Bybit, also, the regulator wants to oblige the cryptocurrency exchange to cover all the costs of the investigation. The OSC also wants to oblige Bybit to return all the money that the exchange received from Canadians at the time of violation of the Ontario securities law. https://www.osc.ca/sites/default/files/2021-06/soa_20210621_bybit.pdf

Bybit will require corporate clients and individuals to undergo KYC procedures to withdraw bitcoins. According to the information on the website, the measure was implemented in order to "increase the security requirements for all traders".
Companies are required to provide a list of documents and data for the possibility of withdrawing from 2 BTC to 100 BTC per day. https://help.bybit.com/hc/en-us/articles/4403073114137-Business-KYC-FAQ

Bybit requires a passport, personal information and the passage of the facial recognition procedure from individuals. In this case, the exchange will allow withdrawals from 2 BTC to 50 BTC daily.
To increase the limit to 100 BTC, the user must confirm the residential address. https://help.bybit.com/hc/en-us/articles/4403073358489
The terms of implementation of the rules are not reported.

Bybit Exchange today announced the launch of spot trading. According to Bybit, Bitcoin/ Tether , Ethereum/Tether, XRP/Tether and EOS/Tether will be supported first. After that, several more trading pairs will be announced. https://help.bybit.com/hc/en-us/articles/4403393791897-Bybit-User-Guide-Spot-Trading-

The National Commission for the Securities Market of Spain (CNMV) has warned 12 companies about the inadmissibility of working without registration. The list also includes the cryptocurrency exchange Bybit.
According to the notification, the listed organizations are not included in the CNMV register. https://www.cnmv.es/portal/verDoc.axd?t=%7Be9addefb-343a-4963-892a-221f20efe7fe%7D

Bybit has launched a platform for placing Bybit Launchpad tokens. The first tokensale on Bybit Launchpad started on September 22, BitDAO project has put up for sale 5 million BIT management tokens.
https://blog.bybit.com/en-us/announcements/bit-listing-on-bybit-launchpad-coming-soon/

https://i.ibb.co/rppVc1Y/2021-09-23-174115.jpg (https://blog.bybit.com/en-us/announcements/bit-listing-on-bybit-launchpad-coming-soon/)

What happens when I put short at 1 for margin and leave long higher to take a long position? Are gains affected? Also I didn't realize that I have to fund my position beyond the 7.5% to open and close. Is there a daily average for that? How is that charged? I feel like that's a hidden fee.

I answered this part of your question in this thread (https://bitcointalk.org/index.php?topic=5170709.msg58411487#msg58411487)

You need to be a little more clear here. Are you using cross or isolated margin?
What leverage did you set?

There is also funding rate that is charge every 8 hours, but it's dynamic

Maybe you can post some screenshots so that we can help explain to you what you want to know.

Ok I think I found what I'm looking for under "more" under contract details at the bottom:

A ADAUSDT perpetual contract has no expiry. Each contract is worth 1 ADA . Funding occurs every 8 hours, the next funding will take place at 2021-11-13 00:00:00 UTC .

Bybit uses the interest rate and premium index per minute to calculate the funding rate.

ADA Interest Rate = 0.03%

USDT Interest Rate = 0.06%

.ADAUSDTPI - Premium Index

So I have 99 ADA / value 201.02 usdt / entry 2.0305 / liq 1.7328 / position margin 33.52 usdt /pl + 3.73%
long x6 short x1

Mark price was around 2.0410

How does this all work?

Thanks