UAEBybit lists DRVUSDT Perpetual Contract
Bybit is launching the DRVUSDT USDT perpetual contract on October 16, 2026 at 10:30 UTC. The contract is based on Derive (DRV) and offers leverage of up to 20x.
What is happening
Bybit is adding a new USDT-margined perpetual contract for the Derive token, DRV, with the trading pair DRVUSDT. Trading is scheduled to open on October 16, 2026 at 10:30 UTC and runs 24/7, as with other perpetual contracts on the exchange.
According to the contract specifications, the settlement asset is USDT, the tick size is 0.0001, and maximum leverage is 20x. The funding rate is capped at ±2.5%, and funding fees are settled every four hours. The contract will also be supported by Bybit's Futures Bots, including Futures Grid, Futures Martingale and Futures Combo.
Bybit notes that it may adjust the launch time and contract parameters, such as tick size, leverage, margin rates, order limits and funding rate, at any time with or without prior notice. The product may also be unavailable in some jurisdictions or to some users.
Why it matters
A perpetual contract on a major exchange gives DRV a regulated-venue-style derivatives market where traders can take long or short positions without holding the token itself. For the Derive project, this adds another trading venue and potential derivatives liquidity for its token, which can make the asset more accessible to a wider group of market participants.
For traders, the new contract brings leveraged exposure along with significant risk. Bybit's own announcement warns that trading can result in the total loss of margin and, where leverage is used, additional losses. Funding rates, which can reach the ±2.5% cap, and contract adjustments are also worth monitoring. Holders may want to watch how liquidity and spreads develop in the first hours after launch, and whether Bybit changes any contract parameters. This is informational only and not investment advice.
Key details
- Date: October 16, 2026, 10:30 UTC (exact time)
- Project: Derive
- Coins: DRV
- Category: Listing
- Status: Confirmed
- Source: Bybit announcement, "New Listing: Listing of DRVUSDT on Bybit Perpetual on Oct 16, 2026, 10:30AM UTC" (https://announcements.bybit.com/en/article/new-listing-listing-of-drvusdt-on-bybit-perpetual-on-oct-16-2026-10-30am-utc--arta27d4222539c/); project website: https://www.derive.xyz/