How to Trade ETFs on Bybit TradFi Perpetuals: SPY, QQQ and More

Exchange-traded funds (ETFs) such as SPY and QQQ give traders exposure to entire indices or regional markets in a single instrument. On Bybit TradFi you can trade them as USDT-settled leveraged perpetual contracts on Bybit’s order book, without a separate brokerage account. This guide covers the available ETF perpetuals, key contract details, and how to open your first position.

Key Takeaways:

• Bybit TradFi offers ETF perpetuals on major US funds including SPY (S&P 500) and QQQ (Nasdaq 100), giving you index-level exposure with leverage.

• ETF perpetuals track the fund's price via a funding rate model. They do not grant ownership of the underlying shares or any dividend distributions.

• Leverage amplifies both gains and losses. ETF perpetuals carry meaningful risk even though they offer broader diversification than single-stock perpetuals.

What are ETF perpetuals on Bybit TradFi?

A TradFi perpetual is a leveraged USDT-denominated and USDT-settled contract that tracks the price of an underlying traditional asset with no expiry date. ETF perpetuals apply this model to major US and international exchange-traded funds.

When you trade a SPY perpetual, for example, your position moves with the price of the SPDR S&P 500 ETF. A rise benefits a long position; a fall benefits a short. The contract price is kept close to the underlying via an index-price feed and periodic funding payments exchanged between longs and shorts.

You do not receive dividends, hold any shares, or acquire any rights in the underlying fund. You are trading a derivative that mirrors price performance only.

Compared with single-stock perpetuals (for example those tracking NVDA, TSLA or AAPL), ETF perpetuals offer diversification across many holdings, which can produce smoother moves less dominated by individual company news. Leverage risk still applies in full.

Which ETFs can you trade?

The table below lists the ETF perpetuals currently available on Bybit TradFi.

Please see the full list under TradFi → Futures → ETF

Key details

Before placing a trade, review the contract specifications below.

How do you trade ETF perpetuals?

Opening a position takes only a few steps. Follow the path below to find ETF perpetuals and place your first order on Bybit TradFi.

1. Log in to your Bybit account.

Go to bybit.com and log in. If you do not have an account, create one and complete identity verification before continuing.

2. Navigate to TradFi.Inside TradFi, select Futures from the sub-menu, then choose ETF. ETF perpetuals are listed here alongside individual stock perpetuals.

4. Select your ETF and set your leverage.

Find the ETF you want to trade, such as SPYUSDT or QQQUSDT. Click on the instrument to open the trading panel. Set your preferred leverage level before placing an order.

5. Place your order and monitor your position.

Choose a market order to fill immediately at the current price, or a limit order to specify your entry price. Review your margin requirement, confirm the order and track your open position in the positions panel below the chart.

What are the risks?

Leverage and liquidation. Leverage magnifies both profits and losses. A position can be liquidated if the market moves against you, even temporarily. Index-level diversification reduces single-name risk but does not remove the impact of macro events (rate decisions, inflation data, broad sell-offs).

No dividend pass-through. ETF perpetuals track price only. Dividends paid by the underlying fund are not distributed to contract holders.

Funding costs. Open leveraged positions incur funding payments that can accumulate over multi-day or multi-week holds and reduce returns. Check the prevailing rate.

Volatility and gaps. Leveraged ETF perpetuals can still move sharply around major announcements or during periods of market stress, including when the underlying cash market is closed.

The bottom line

Bybit TradFi ETF perpetuals give leveraged, 24/7 access to index- and market-level instruments such as SPY and QQQ (and regional ETFs) from a single Unified Trading Account, without a traditional brokerage setup. They suit traders seeking broad exposure rather than concentrated single-stock risk who are prepared to manage leverage, funding costs and liquidation risk.

Ready to get started? Visit Bybit TradFi to open your account and explore the full range of ETF perpetuals available today.

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