Bybit Listed Perpetual Contracts for Three U.S. Stocks
The new crypto-based derivatives offer up to 25x leverage on equities but do not provide any ownership rights in the underlying companies.
Updated on Sept. 23, 2026 in Investing
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Bybit has introduced 24/7 perpetual contracts tracking UiPath Inc., Cypherpunk Technologies Inc., and Hut 8 Corp. These derivatives settle in USDT and operate independently of traditional stock market hours.
Why it matters
These contracts track equity prices through synthetic derivatives, allowing participants to gain exposure to stock price movements without holding actual shares. Because they function as leveraged instruments, they introduce different volatility profiles compared to direct equity investments.
The new contracts provide maximum leverage of 25x, with funding fees settling every eight hours. PATHUSDT and HUTUSDT feature a tick size of $0.01, while CYPHUSDT utilizes a $0.001 tick size, subject to a 2% funding-rate cap.
The players
Bybit
A cryptocurrency exchange that provides trading services for perpetual contracts and digital assets.
UiPath Inc.
A U.S. technology company specializing in robotic process automation software.
Hut 8 Corp.
A U.S.-based infrastructure provider and digital asset miner.
Cypherpunk Technologies Inc.
A technology entity focusing on privacy and security innovations.
The details
These products function as synthetic derivatives that track the price of the underlying companies without conferring any shareholder rights. Investors can access these contracts through the exchange's Futures Grid, Futures Martingale, and Futures Combo products. Because they are perpetual contracts, the position is maintained by regular funding payments every eight hours to keep the derivative price aligned with the spot market.
Timeline
Bybit listed the three perpetual contracts on September 21, 2026, at 7 a.m. ET.
Money Landscape
This move represents an expansion of crypto-based perpetual futures contracts into the realm of traditional U.S. equities. It highlights an ongoing effort to bridge digital asset trading mechanisms with conventional stock market assets.
These contracts are highly leveraged tools that differ significantly from holding stocks in a brokerage account. Before engaging with high-leverage derivatives, consult with a qualified financial professional to ensure your risk tolerance and portfolio strategy are aligned.
The takeaway
Perpetual contracts allow for price exposure to specific companies without the need to own the underlying stock shares. Always verify the mechanics of synthetic derivatives, particularly the impact of funding rates and leverage limits, before considering them for your personal financial strategy.
Further reading
For more on managing risk with advanced financial instruments, visit our Investing section.
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Do you trust leveraged synthetic derivatives as a reliable way to trade stock market prices?
