Here’s a step-by-step breakdown of pre-market perpetual trading on Bybit App.
How to Create a Pre-Market Perpetual Order
Step 1: Navigate to More on the Bybit homepage and select Pre-Market Perpetual.
Step 2: On the Pre-Market Perpetual page, tap Join Now.
Step 3: Participate in the call auction.
a. For contracts where bidding hasn’t started:
Review details like auction time, listing schedule, and subscribe to the contract before its official perpetual listing.
You’ll receive notifications post-subscription, including trading commencement alerts and contract transition updates.
b. For contracts with active bidding:
Click Join Auction Now, proceed to the order page, and enter your preferred parameters.
Note: Only limit orders are supported during continuous bidding.
Pre-market prices are determined by long/short trader interactions via a two-phase quoting process, culminating at the price-matching period’s end. Prices here may differ from post-listing values.
Step 4: Auction progresses with live price matching.
Step 5: Once bidding ends and the contract lists, trade standard perpetual contracts normally.
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Canceling Pre-Market Orders
Cancel orders under these conditions:
- Within 23 hours 50 minutes after call auction starts
- During continuous bidding
Go to Current Orders tab and click Cancel. Orders become irreversible after 23h 50m.
FAQ
Q: Can I modify a pre-market order after placement?
A: No, only cancellation is permitted during eligible phases.
Q: Are market orders allowed in pre-market trading?
A: No, limit orders exclusively apply during continuous bidding.
Q: How does pre-market pricing affect my strategy?
A: Anticipate volatility—final prices often diverge from initial bids due to liquidity shifts.
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