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To enhance users' trading experience, Bybit will adjust the default margin and position modes for USDT Perpetual Contracts to 

The change was applied to UIDs ending with 0,1, 2, 3, 4 and 8 on Nov 28, 2022, and will be applied to all remaining UIDs on Dec 9, 2022.

For new accounts created after the update, including Subaccounts: 

If necessary, please adjust your trading strategies in accordance with the new default margin and position modes.

Users of Open API can use the following APIs to switch between One-Way Mode and Hedge Mode by [settleCoin], and new listed contracts will also use the [settleCoin] mode by default, so that you can keep the configuration suitable for your trading needs.

We seek your understanding for any inconvenience that may be caused. 

To enhance users' trading experience, Bybit will adjust the default margin and position modes for USDT Perpetual Contracts to Cross-Margin Mode and One-Way Mode.

Change of Default Position Mode for USDT Perpetual Contracts (2022-12-02)

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