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Bybit

Bybit is the safest, fastest, most transparent, and user friendly Bitcoin and Ethereum trading platform offering cryptocurrency perpetual contracts.

Products Non-US Cleared

BB – BTC Future

Product Code
BB
Instrument
Future
Inst Sub Type
-
Settlement Type
Financial
Underlying Asset
.BTCUSDPI Index
Min Block Size (Contract)
1 USD
Min Description
1 USD
Contract Multiplier
1 USD
Min Price Increment
$ 0.50
Min Contract Increment
1

EF – ETH Future

Product Code
EF
Instrument
Future
Inst Sub Type
-
Settlement Type
Financial
Underlying Asset
.ETHUSDPI Index
Min Block Size (Contract)
1 USD
Min Description
1 USD
Contract Multiplier
1 USD
Min Price Increment
$ 0.05
Min Contract Increment
1

EO – EOS Future

Product Code
EO
Instrument
Future
Inst Sub Type
-
Settlement Type
Financial
Underlying Asset
.EOSUSDPI Index
Min Block Size (Contract)
1 USD
Min Description
1 USD
Contract Multiplier
1 USD
Min Price Increment
$ 0.001
Min Contract Increment
1

XR – XRP Future

Product Code
XR
Instrument
Future
Inst Sub Type
-
Settlement Type
Financial
Underlying Asset
.XRPUSDPI Index
Min Block Size (Contract)
1 USD
Min Description
1 USD
Contract Multiplier
1 USD
Min Price Increment
$ 0.001
Min Contract Increment
1

Notes

All Bybit products are not US Cleared

Leg Pricing Assignment Methodology

Paradigm’s leg pricing methodology attempts to take the quoted strategy prices as entered by the maker and calculate individual leg prices subject to the following broad constraints:

1

Calculate leg prices as close to the mark as possible

2

Leg prices must be in increments of minimum tick size

3

Leg prices must be within the Min and Max prescribed by the exchange for each leg

Important Pricing Points to Consider

Trade rejection due to timing differences between initial Price Band check (on Paradigm) and final price band check (on Bybit)

  1. After the Maker enters executable prices, Paradigm conducts a price band check for the quoted strategy to ensure that the price(s) entered by the Maker are within the permissible price bands set by the exchange. These price bands are calculated by Paradigm using the Min and Max of the individual legs in the strategy.
  2. However, Bybit performs its own price-band check at the time of trade execution i.e AFTER the trade message is submitted to Bybit.
  3. Consequently, there is a time lag between the initial price band check performed by Paradigm (after Maker enters executable prices) and the price band check performed by Bybit (at the time of trade submission). This time lag can be any length of the time passed between maker posting the quote and taker executing.
  4. During this time, there is a chance that the price bands for the individual legs (have changed meaningfully enough to cause the executed price to be outside the new price bands for the quoted strategy. If this is true, Bybit will reject the trade.

Fees

Paradigm fees for Bybit products are free.

Account Credentials

1

Log into your Bybit account

2

Go to API Management

3

Click Create New Key

4

In the form select:
a. API Key Usage →
Connect to Third-Party Applications
b. Application Name → Paradigm
c. API key permissions → Block Trade

5

Click Confirm

6

On your Paradigm Dashboard, Select Account tab under Derivatives (Listed) → Bybit

7

Click "+"

8

Enter a name for the Key. Input your Bybit API Credentials (i.e. API Key and API Secret) you just created

9

Click Add

10

You can add multiple Bybit API keys to your Paradigm Dashboard, then toggle between
keys for trading/clearing in that selected
Bybit (sub)account

Restricted Jurisdictions

Countries
Mainland China
Cuba
Crimea
Iran
North Korea
Sudan
Singapore
Syria
United States of America

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