Is there a time limit for keeping a position open on Bybit?

I would like to know if there is a time limit for keeping a position open on Bybit. Is there a specific duration after which a position is automatically closed? How does Bybit handle open positions that are held for a long time?

3 answers
- Yes, there is a time limit for keeping a position open on Bybit. Bybit has a funding fee mechanism that is charged every 8 hours for perpetual contracts. If you hold a position open for a long time, the funding fee can accumulate and affect your overall profitability. It's important to consider the funding fee when deciding to keep a position open for an extended period.
Mar 06, 2022 · 3 years ago
- There is indeed a time limit for keeping a position open on Bybit. Bybit's funding fee is designed to ensure fair trading and prevent manipulation. The funding fee is charged every 8 hours and is based on the funding rate, which is determined by the market. If you hold a position open for a long time, the funding fee can have a significant impact on your trading costs. It's essential to factor in the funding fee when managing your positions on Bybit.
Mar 06, 2022 · 3 years ago
- Yes, there is a time limit for keeping a position open on Bybit. Bybit's funding fee is charged every 8 hours, and it is based on the funding rate. The funding rate is determined by the market and can be positive or negative. If you hold a position open for a long time, the funding fee can accumulate and affect your overall profitability. It's crucial to monitor the funding rate and consider the potential costs when deciding to keep a position open for an extended period. Please note that this information is specific to Bybit and may differ on other exchanges.
Mar 06, 2022 · 3 years ago
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