Bybit Launches SMHUSDT Perpetual Contract with Up to 20x Leverage
Cryptocurrency exchange Bybit has announced the listing of its SMHUSDT Perpetual Contract, enabling traders to speculate on the price movements of the VanEck Semiconductor ETF (SMH) using Tether (USDT) as the settlement asset. Trading for the new contract is now live, offering leverage of up to 20 times.
The SMHUSDT Perpetual Contract is also accessible through Bybit’s suite of Futures bots, including Futures Grid, Futures Martingale, and Futures Combo, providing automated trading strategies for users.
Key details of the SMHUSDT Perpetual Contract include:
- Underlying Asset: VanEck Semiconductor ETF (SMH)
- Settlement Asset: USDT
- Tick Size: 0.01
- Maximum Leverage: 20x
- Capped Funding Rate: 2.5%
- Funding Fee Settlement Interval: Every 8 hours
- Trading Hours: 24/7
Leave a Reply