Bybit
10 days agoNews Editor

Bybit lists six stock perpetual contracts with up to 25x leverage

Bybit has added six stock perpetual contracts, expanding its lineup with products tied to Interactive Brokers, Citigroup, American Express, Medtronic, Critical Metals, and Boeing. The newly listed contracts are IBKRUSDT, CSTOCKUSDT, AXPUSDT, MDTSTOCKUSDT, CRMLUSDT, and BAUSDT. According to Odaily, all six went live today on the platform. Bybit said the contracts support leverage of up to 25x. The exchange is also running a limited-time fee promotion alongside the launch. During the promotional period, maker fees for limit orders are set at 0%, while taker fees for market orders are discounted by 50%. The update was published by Odaily as a market analysis newsflash.

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Bybit lists six stock perpetual contracts with up to 25x leverage
Hyperliquid
2 months agoNews Editor

CBB says Hyperliquid-IBKR stock perp arbitrage generated $32 billion in volume and about $10 million in profit

X user CBB published a detailed account of how he and his brother spent the past 10 months arbitraging price gaps between Hyperliquid’s HIP-3 stock perpetual contracts and Interactive Brokers, or IBKR. According to the post, the pair started with no background in stock trading, stitched together a hedging system by working through IBKR’s API, and even used Anthropic’s Claude to understand parts of the broker interface and hedging flow. The strategy treated IBKR quotes as the reference price and traded against discounts or premiums in HIP-3, with positions hedged on the broker side. CBB said the effort eventually produced $32 billion in trading volume, equal to 1.5% of TradeXYZ’s total volume, and roughly $10 million in net profit, with annualized returns on deployed capital of 35% to 45%. The write-up also described a major failure: a stale IBKR market data feed led the bot to build a $120 million net short position in gold futures, resulting in a $1.1 million loss after manual unwinding. The pair later tightened controls, added checks on quote freshness, upgraded risk management, and expanded into metals, oil and semiconductor-related names. CBB said the opportunity may narrow as firms including Ethena move into stock basis trading and more regulated institutions connect to the market.

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CBB says Hyperliquid-IBKR stock perp arbitrage generated $32 billion in volume and about $10 million in profit