Bybit Introduces Settlement Frequency System for Perpetual Contracts
Bybit, the second-largest cryptocurrency exchange, announced a new Settlement Frequency System for its Perpetual Contracts. This feature will be effective from October 30, 2025, at 8 a.m. UTC. Its goal is to improve trading efficiency and make funding rates reflect the current market volatility more accurately.
The system will be fully rolled out by November 3, 2025, at 6 a.m. UTC.
How the New System Works
The Settlement Frequency System automatically adjusts settlement intervals based on market conditions. When a contract’s funding rate hits a preset limit, such as ±2%, the system increases the settlement frequency to once per hour.
For example, a contract usually settling every four hours will switch to hourly settlements if its funding rate exceeds the ±2% threshold at 8 a.m. UTC+8. The next settlement then occurs at 9 a.m. UTC+8.
If the funding rate stays within limits, the system keeps the regular settlement frequency. It also reverts to longer intervals—such as every two, four, or eight hours—once the market stabilizes.
Transparency, Flexibility, and Exceptions
Bybit aims to make its perpetual contracts more adaptive to market changes. The exchange plans to update funding rate limits and settlement intervals automatically as needed. Traders should monitor the platform for the latest settlement schedules.
The standard settlement times in UTC+8 are:
- Every 8 hours: 12 a.m., 8 a.m., 4 p.m.
- Every 4 hours: 12 a.m., 4 a.m., 8 a.m., 12 p.m., 4 p.m., 8 p.m.
- Every 2 hours: hourly settlements from 12 a.m. to 10 p.m.
Some contracts are excluded from this feature initially. These include BTC-based contracts (BTCUSDT, BTCUSDC, BTCUSD) and ETH-based contracts (ETHUSDT, ETHUSDC, ETHUSD, ETHBTCUSDT, ETHWUSDT). Exclusions are due to considerations around liquidity and volatility.
This system enhances Bybit’s derivatives trading and reflects its commitment to a better trading experience globally.
