Bybit Launches XLKUSDT Perpetual Contract with Up to 20x Leverage
Cryptocurrency exchange Bybit has announced the listing of its XLKUSDT Perpetual Contract, allowing traders to speculate on the price movements of the State Street Technology Select Sector SPDR ETF (XLK) using Tether (USDT) as the settlement asset. Trading for the new contract is now live, offering leverage of up to 20 times.
The XLKUSDT Perpetual Contract is accessible through Bybit’s suite of Futures bots, including Futures Grid, Futures Martingale, and Futures Combo.
Key details of the XLKUSDT Perpetual Contract include:
- Underlying Asset: State Street Technology Select Sector SPDR ETF (XLK)
- 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
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