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Capital Rates Surge for USDC-USDT Perpetual Contracts on Bybit

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On March 11, according to Coinglas data, the capital rate of USDC-USDT perpetual contract transaction on the Bybit platform has risen to 0.3567%.

Bybit…

Capital Rates Surge for USDC-USDT Perpetual Contracts on Bybit

On March 11, according to Coinglas data, the capital rate of USDC-USDT perpetual contract transaction on the Bybit platform has risen to 0.3567%.

Bybit platform USDC-USDT perpetual contract transaction to capital rate rose to 0.3567%

Analysis based on this information:


The message is a report on the current state of the USDC-USDT perpetual contract transactions on the Bybit platform. The capital rate of these transactions has surged to 0.3567% as of March 11, according to Coinglas data. This means that the amount of capital required to open and maintain a position in these perpetual contracts has increased significantly.

A perpetual contract is a type of derivative that allows traders to take long or short positions without an expiration date. Instead, these contracts are funded through a funding rate that is applied every few hours or days depending on the platform. This funding rate ensures that the contract price stays close to the spot price of the underlying asset. The funding rate is determined by the interest rate differential between the long and short positions.

In the case of the USDC-USDT perpetual contracts on Bybit, the capital rate increase suggests that demand for these contracts has increased, and that traders are willing to pay more to take positions on the pair. This could be due to a number of factors, including price volatility, market sentiment, and trading strategy.

One possible reason for the surge in capital rates could be the growing popularity of stablecoins like USDT and USDC. These coins are pegged to the US dollar and are less volatile compared to other cryptocurrencies, making them a popular choice for traders looking to minimize risk. The increase in demand for these stablecoins could be driving up the capital rates for USDC-USDT perpetual contracts on Bybit.

In conclusion, the message suggests that the USDC-USDT perpetual contract transactions on the Bybit platform are currently experiencing a surge in demand, leading to an increase in capital rates. Traders should take note of these developments when considering their trading strategies on this platform.

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