Trade SOFIUSDT on Bybit: Complete Guide

If you have been trading SoFi Technologies stock on a brokerage platform and recently discovered that SOFIUSDT exists on Bybit, this guide answers every question you need before your first trade. SOFIUSDT is a perpetual contract that tracks SoFi Technologies (SOFI) stock price, letting you access SoFi price movements 24 hours a day using leverage, without buying actual shares. By the end of this guide, you will understand what SOFIUSDT is and how it works, how it differs from owning SOFI stock, and be able to open and manage a SOFIUSDT position on Bybit independently. This guide covers trading mechanics and platform execution only. It does not provide price predictions or investment recommendations for SoFi Technologies stock.

⚠️ Risk Disclaimer: Trading perpetual contracts with leverage involves significant risk of loss, including the potential loss of your entire margin deposit. Prices can move against your position rapidly. This content is for educational purposes only and does not constitute financial advice, investment recommendations, or an endorsement of any particular trading strategy. Always conduct your own research and consider your financial situation before trading.

In this guide:

• What Is SOFIUSDT? SoFi Technologies as a Stock Crypto Perpetual
• SOFIUSDT vs. Buying SOFI Stock: Key Differences
• SOFIUSDT Contract Specifications on Bybit
• Before You Trade: Setting Up and Funding Your Bybit Account
• How to Find SOFIUSDT on Bybit and Open the Trading Interface
• Choosing Your Leverage and Margin Mode Before Entering a Trade
• Step-by-Step: How to Open a SOFIUSDT Position on Bybit
• Understanding the Funding Rate: What It Is and What It Costs You
• Risk Management: Liquidation, Position Sizing, and Protecting Your Capital
• Fees to Know: Maker, Taker, and Funding Rate Costs for SOFIUSDT
• How to Close Your SOFIUSDT Position on Bybit
• Frequently Asked Questions About Trading SOFIUSDT on Bybit
• Summary: Your SOFIUSDT Trading Checklist

What Is SOFIUSDT? SoFi Technologies as a Stock Crypto Perpetual

SOFIUSDT is a USDT-margined perpetual contract on Bybit that tracks the price of SoFi Technologies (SOFI) stock. You do not own any shares when you hold a SOFIUSDT position; you hold a price-tracking derivative that settles in USDT and trades 24 hours a day, 7 days a week.

SoFi Technologies is a NASDAQ-listed US fintech and digital banking company (ticker: SOFI). Understanding the full scope of SoFi Technologies business segments — spanning personal loans, student loan refinancing, SoFi Bank, and investment services — is useful context for anyone using this SOFI stock crypto perpetual trading guide. For company background, visit the SoFi Technologies investor relations page. SOFI stock trades only during NASDAQ market hours (9:30 AM to 4:00 PM EST, weekdays). SOFIUSDT on Bybit has no such restriction. For a broader view of what drives price action, see 5 factors traders watch for SOFIUSDT in 2026.

USDT (Tether) is a USD-pegged stablecoin used as the margin and settlement currency for SOFIUSDT. One USDT is worth approximately one US dollar, so a 200 USDT deposit is functionally $200 in trading capital. You cannot fund a SOFIUSDT position with USD directly; you need USDT in your Bybit account first.

What Is a Stock Crypto Perpetual?

A stock crypto perpetual is a crypto derivatives contract that tracks the price of a real-world stock using an index price mechanism, with no underlying share ownership. Think of it as similar to a CFD (contract for difference) on a crypto exchange: you speculate on price direction without taking ownership of the asset. This is part of what makes it possible to trade SoFi Technologies stock without a brokerage account.

A perpetual contract (sometimes called a perpetual swap) differs from a traditional stock futures contract in one key way: it has no expiry date. You can hold the position indefinitely, provided your margin remains sufficient. Unlike stock trading, where retail investors typically can only go long (buy and hope the price rises), perpetual contracts let you go both long and short.

SOFIUSDT is not a tokenized stock. Tokenized stocks represent actual shares held in custody by a third party. SOFIUSDT is a synthetic price-tracking derivative with no underlying share ownership. You can read more about how perpetual contracts work on Bybit in Bybit's official documentation.

How SOFIUSDT Tracks SoFi Technologies Stock Price

SOFIUSDT derives its price from the index price, an aggregated reference rate drawn from SOFI stock data providers, which anchors the contract to SoFi's NASDAQ price. During NASDAQ trading hours, the SOFIUSDT price and SOFI's stock price typically move in close correlation. Outside market hours (evenings, weekends, US holidays), SOFIUSDT continues to trade and its price may reflect forward-looking sentiment or diverge slightly from the last NASDAQ close. The SOFIUSDT live price data is available at any time, and you can also monitor the live chart directly on the SOFIUSDT trading page on Bybit.

SOFIUSDT vs. Buying SOFI Stock: Key Differences

SOFIUSDT and buying SOFI stock are fundamentally different instruments. SOFIUSDT is a derivative contract that tracks SoFi's price but confers no equity ownership, no voting rights, no dividends, and no SEC-regulated investor protections.

SOFIUSDT is not available as a spot crypto asset. You cannot hold SOFIUSDT the way you hold BTC or ETH in a wallet. It exists only as a perpetual derivatives contract, meaning every position involves margin, leverage, and liquidation risk.

When SOFIUSDT Makes Sense

• You want to trade SoFi price movements outside NASDAQ market hours
• You want leverage beyond what a standard retail brokerage offers
• You want to go short (profit if SoFi's price falls) without borrowing shares through a broker
• You already hold crypto capital and want exposure to SoFi's price direction

When Buying SOFI Stock Makes More Sense

• You want long-term investment exposure to SoFi Technologies as a company
• You want SIPC regulatory protection on your brokerage balance
• You want to avoid liquidation risk and recurring funding rate costs
• You are not actively managing positions on a short-term basis

SOFIUSDT Contract Specifications on Bybit

The SOFIUSDT contract on Bybit is a linear (USDT-margined) perpetual contract. A linear perpetual settles in USDT, meaning all profits, losses, and margin requirements are denominated in USDT rather than in the underlying asset. Verify current figures on the SOFIUSDT trading page on Bybit before trading, as parameters are subject to change.

Data verification notice: Contract specifications, fee rates, and leverage limits are subject to change. Verify all current figures on Bybit's official platform before trading. For contract governance details, see Bybit's perpetual contract management rules.

Before You Trade: Setting Up and Funding Your Bybit Account

Before placing your first SOFIUSDT trade, your Bybit account must be created, identity-verified, and funded with USDT in your Unified Trading Account.

⚠️ Availability notice: Bybit restricts its services for users in certain jurisdictions, including the United States and the United Kingdom. If you are in a restricted region, Bybit's trading services may not be available to you. Verify your jurisdiction's eligibility at bybit.com before creating an account.

Bybit (founded 2018, headquartered in Dubai) is one of the largest crypto derivatives exchanges by trading volume. Its Unified Trading Account (UTA) is the current default structure for all new accounts, consolidating derivatives, spot, and options under a single balance. You do not need to transfer funds between sub-accounts to trade SOFIUSDT. Crypto exchange balances are not protected by SIPC or FDIC equivalents; this is a meaningful distinction from the regulatory protections a traditional brokerage provides. Enable two-factor authentication (2FA) and use a unique, strong password. For full UTA details, see Bybit's Unified Trading Account documentation.

Step 1: Create and verify your Bybit account.

Navigate to bybit.com and complete account registration. To access full trading features, complete KYC (Know Your Customer) identity verification: go to Account Settings, select Verification, then Personal Verification, and upload a government-issued photo ID. Processing typically takes minutes to a few hours. Without KYC, trading caps and withdrawal limits are significantly restricted. See Bybit's identity verification guide for current requirements.

Step 2: Deposit USDT into your Unified Trading Account.

Navigate to Assets, then select Deposit. Choose USDT as the currency and select your preferred blockchain network (TRC20 is commonly used for lower fees; verify which network your sending wallet supports). Copy your deposit address and transfer USDT from an external wallet or exchange. You can also use Bybit's Buy Crypto feature to purchase USDT directly with a card or bank transfer.

Important: USDT deposited into the Unified Trading Account is immediately available for perpetual derivatives trading. If you use an older Bybit account that shows a separate Spot Wallet, transfer your USDT to the UTA before trading.

Step 3: Confirm your USDT balance.

Navigate to Assets and confirm your USDT balance appears under the Unified Trading Account. Your balance is now ready for SOFIUSDT trading.

How to Find SOFIUSDT on Bybit and Open the Trading Interface

SOFIUSDT is listed under Bybit's derivatives trading interface and takes four steps to locate from the homepage.

1. Log in to your Bybit account and click "Derivatives" or "Trade" in the top navigation menu.
2. Select "USDT Perpetual" as the contract type from the dropdown or sub-navigation options.
3. Type "SOFI" or "SOFIUSDT" in the search bar. SOFIUSDT may also appear under a "Stock Tokens" category depending on Bybit's current interface version.
4. Click on SOFIUSDT to open the trading chart and order panel.

Once on the trading page, the key interface elements are: the price chart (center); the order book (the live list of pending buy and sell orders at different price levels, shown on the left, where open interest for SOFIUSDT also appears); the order entry panel (right side) where you configure leverage, margin mode, and order details; the funding rate ticker showing the current rate and next settlement countdown; and the Positions tab at the bottom showing your open positions.

[Screenshot recommended: annotated Bybit SOFIUSDT trading interface highlighting the order panel, leverage selector, margin mode toggle, and TP/SL fields]

You can bookmark bybit.com/trade/usdt/SOFIUSDT to return without navigating the menu each time.

Choosing Your Leverage and Margin Mode Before Entering a Trade

Leverage and margin mode are the two configuration decisions that most directly determine your maximum loss on a SOFIUSDT trade, and both must be set before you place your order.

How Leverage Works on SOFIUSDT

Leverage multiplies your position's notional value relative to the margin you deposit. At 5x leverage, a 200 USDT margin deposit controls a 1,000 USDT position. This amplification works in both directions: a 10% price move in your favor returns $100 (a 50% gain on your 200 USDT margin), and a 10% adverse move costs $100 (50% of your margin).

Going long on SOFIUSDT is functionally equivalent to buying SOFI stock in terms of directional exposure. You profit if the price rises. The key difference is that leverage compresses the price distance to your liquidation point.

The table below shows approximate liquidation distances at common leverage levels (simplified estimates; your actual liquidation price appears in the Bybit order panel and varies based on maintenance margin rates):

For traders new to perpetual contracts, we recommend starting with 2x to 5x leverage on SOFIUSDT. At this level, SoFi's price would need to move substantially against your position before liquidation triggers, giving you time to monitor and manage the trade.

To set leverage: click the leverage indicator in the order panel header (it shows a number followed by "x"). A slider or input field appears. Enter your chosen value and confirm. For detailed steps, see how to adjust leverage on Bybit.

⚠️ Risk Note: Bybit's leverage selector defaults to the last-used setting from your previous session. Always verify the leverage shown before placing a new order. At 10x leverage, a 10% price move against your position approaches the liquidation threshold. Set a stop loss order well above your liquidation price to exit on your own terms first.

Isolated Margin vs. Cross Margin: Which Should You Use?

Isolated margin limits your loss to the specific amount you allocate to this position. If the trade reaches liquidation, you lose only the margin assigned to that position; the rest of your account balance is untouched. Think of it like putting a fixed, ring-fenced amount into a dedicated account for a single trade.

Cross margin draws from your entire available account balance as collateral. A losing trade has more buffer before hitting liquidation, but if liquidated, Bybit may draw from your full account balance before closing.

For SOFIUSDT beginners, we recommend using isolated margin. It makes your risk concrete and calculable before you enter. For more detail on margin mode interactions with the UTA, see margin mode differences under the Unified Trading Account.

To switch: locate the margin mode toggle in the order panel header (it shows "Cross" or "Isolated"). Click to switch, then confirm before placing your order.

⚠️ Risk Note: Bybit's default margin mode may be cross margin. Check the margin mode toggle before placing every order, especially if you are new to the platform or returning after a break.

Step-by-Step: How to Open a SOFIUSDT Position on Bybit

The steps below walk through opening a SOFIUSDT perpetual position on Bybit from the order panel. The same workflow applies to all USDT perpetual contracts on Bybit. This is the core of any SOFI perpetual contract explained clearly for first-time users.

Step 1: Confirm the margin mode in the order panel header shows "Isolated." If it shows "Cross," click it to switch before proceeding.

Step 2: Click the leverage indicator and set your chosen leverage value (for beginners, enter 2, 3, or 5). Confirm the selection.

Step 3: Select your order type.

• Market Order: executes immediately at the current best available price. The taker fee applies.
• Limit Order: executes only at the price you specify. The maker fee applies if your order rests on the book.

Step 4: Enter your order quantity in USDT (the platform calculates the contract count) or enter contracts directly. For a 200 USDT margin at 5x leverage, your notional position value is 1,000 USDT.

Step 5: Select your trade direction.

• Click "Buy/Long" to open a long position (going long). You profit if SOFIUSDT's price rises. This is the directional equivalent of buying SOFI stock, except you hold a contract rather than shares.
• Click "Sell/Short" to open a short position (going short). You profit if the price falls. Unlike short-selling SOFI stock through a brokerage, this requires no share borrowing, no borrowing fees, and no broker restrictions.

Step 6: Enter your Take Profit (TP) target price in the TP/SL (Take Profit / Stop Loss) panel. This is the price at which Bybit automatically closes your position with a gain.

Step 7: Enter your Stop Loss (SL) price in the TP/SL panel. Place your stop loss above your estimated liquidation price. You already understand stop loss orders from stock trading; Bybit's TP/SL feature works the same way, with one key addition: you can set the trigger to fire on the mark price rather than the last traded price, which prevents a brief price wick from triggering your stop prematurely.

Step 8: Review the order summary. Confirm the notional value, estimated liquidation price, required margin amount, and TP/SL levels.

Step 9: Click "Confirm Order" to submit.

Step 10: Navigate to the Positions tab at the bottom of the interface. Verify your SOFIUSDT position appears with your entry price, current mark price, liquidation price, and unrealized PnL.

[Screenshot recommended: annotated order panel with 5x leverage selected, isolated margin active, TP/SL fields populated, and the Buy/Long button highlighted]

Pro tip: You can set or edit TP/SL after a position is already open. In the Positions tab, locate your SOFIUSDT position and click the edit icon. Both TP and SL can be set simultaneously in a single panel. For detailed steps, see how to set take profit and stop loss on Bybit.

Understanding the Funding Rate: What It Is and What It Costs You

The funding rate is a periodic payment exchanged directly between traders holding long and short positions. It is not a fee paid to Bybit, and stock traders have no direct equivalent for it in their brokerage accounts. This is one of the genuinely novel costs you encounter when migrating from stock trading to crypto perpetuals.

The funding rate keeps the SOFIUSDT perpetual price anchored to the SOFI stock index price. When the perpetual trades above the index price, the rate turns positive and long holders pay short holders. When it trades below, the rate turns negative and shorts pay longs.

How to Calculate Your Funding Rate Cost

Bybit settles the funding rate every 8 hours (at 00:00, 08:00, and 16:00 UTC). The amount you pay or receive depends on your notional position value, not your margin.

Formula: Funding payment = Funding rate × Notional position value

Worked example (illustrative figures only):

At a funding rate of 0.01% per 8-hour interval on a 1,000 USDT notional position:

• Per interval: 0.01% × 1,000 USDT = 0.10 USDT
• Per day (3 intervals): 0.30 USDT
• Per week (21 intervals): 2.10 USDT
• Per 30 days (90 intervals): 9.00 USDT

For a 200 USDT margin at 5x leverage (1,000 USDT notional), this represents approximately 4.5% monthly drag on your allocated margin at a constant 0.01% rate. Funding rates for stock-linked perpetuals can be more volatile than those for BTC or ETH perpetuals.

Factor the cumulative funding rate cost into your profit target before entering any multi-day position. A trade that looks profitable on price movement alone may break even or lose once funding costs are included.

⚠️ Risk Note: Funding rates change with market conditions and can spike during high-volatility periods. For positions held longer than one day, check the current rate on the SOFIUSDT trading page before entering.

Where to Check the Current SOFIUSDT Funding Rate

The current funding rate for SOFIUSDT is displayed on the trading page alongside the countdown to the next settlement interval. It typically appears near the mark price and index price at the top of the interface. Historical funding rate data is also available on Bybit's platform.

Risk Management: Liquidation, Position Sizing, and Protecting Your Capital

Liquidation is the forced, automated closure of your SOFIUSDT position by Bybit when your margin balance falls below the maintenance margin threshold. Unlike a traditional broker margin call, there is no phone call and no grace period to deposit more funds. The position closes instantly when the threshold is breached.

What Happens When You Get Liquidated

When the mark price (not the last traded price) reaches your liquidation price, Bybit closes the position automatically. Bybit uses mark price rather than last traded price to trigger liquidation. This protects against short-term price manipulation through thin order book activity.

Unlike a stock price (which has one reference number on the exchange), perpetuals display three distinct price feeds: the last traded price (what appears on the candles), the mark price (Bybit's fair value calculation), and the index price (the aggregated external SOFI stock reference). Your PnL and liquidation are both calculated using the mark price.

In isolated margin mode, liquidation costs you only the margin you allocated to that specific position; your remaining balance is unaffected. In cross margin mode, Bybit draws from your full account balance before triggering liquidation. See how liquidation works on Bybit for the precise calculation methodology.

How to Estimate Your Liquidation Price

For a long position in isolated margin, the approximate formula is:

Liquidation Price ≈ Entry Price × (1 − 1/Leverage + Maintenance Margin Rate)

For a 5x long entered at $10.00, the approximate liquidation price is around $8.10 (roughly 19% below entry). At 10x leverage, that distance compresses to approximately 10%. Bybit displays your exact liquidation price in the order summary panel before you confirm, and in the Positions tab once the position is open. Always check this figure before confirming.

Worked Example (Illustrative Only)

Scenario: Margin: 200 USDT | Leverage: 5x | Entry price: $10.00 | Notional value: 1,000 USDT | Margin mode: Isolated

Approximate liquidation price: ~$8.10 (~19% below entry)

Stop loss at $9.20: if price falls 8%, loss = ~$80 (40% of your 200 USDT margin). Position closes automatically.

Take profit at $11.00: if price rises 10%, profit = ~$100 (50% of your 200 USDT margin).

Funding rate cost (at illustrative 0.01% per 8 hours): ~$0.30/day, ~$1.50 over 5 days.

These figures are illustrative only. Actual prices, leverage limits, funding rates, and outcomes will vary. This does not constitute financial advice.

Five Risk Management Rules for SOFIUSDT Traders

Position sizing refers to calculating how much capital to allocate per trade relative to your total account balance. These five practices, applied consistently, reduce your liquidation risk on every SOFIUSDT trade.

1. Set a stop loss on every position. Place it above the estimated liquidation price, not at it. This ensures you exit on your terms before the automated closure occurs.
2. Use isolated margin. It caps your maximum possible loss to the amount you deliberately allocated.
3. Start with 2x to 5x leverage. This gives you a meaningful buffer between entry and liquidation.
4. Size positions conservatively. Risk no more than 1% to 2% of your total account on any single SOFIUSDT trade. On a 1,000 USDT account, that means risking 10 to 20 USDT per trade maximum.
5. Check the funding rate before holding overnight. Multi-day positions accumulate funding costs. Factor these into your break-even calculation before entering.

⚠️ Risk Note: Leveraged perpetual contracts can result in losing your entire margin deposit. Only trade with capital you can afford to lose. If the mark price reaches your liquidation price before your stop loss fires (for example, if price gaps through your stop level), you may lose more than your intended stop loss amount.

Fees to Know: Maker, Taker, and Funding Rate Costs for SOFIUSDT

Trading SOFIUSDT on Bybit involves three cost types: a taker fee when you open or close with a market order, a maker fee when your limit order rests on the book, and the funding rate charged every 8 hours on open positions.

Unlike stock brokerage commissions (often a flat fee per trade), Bybit charges a percentage of your notional position value. On a 1,000 USDT position (200 USDT margin at 5x), a taker fee of approximately 0.055% costs around $0.55 per trade. A round trip (opening and closing at market) costs approximately $1.10 in taker fees, before funding rate costs.

The maker fee applies when your limit order sits on the order book and adds liquidity. The taker fee applies when your order removes liquidity by filling immediately. Fee rates for higher-volume traders are reduced through Bybit's VIP tier system.

Verify current rates: Bybit fee rates are subject to change. Always confirm the current taker and maker rates on Bybit's current trading fee schedule before trading.

How to Close Your SOFIUSDT Position on Bybit

Closing your SOFIUSDT position takes five steps from the Positions tab, whether you exit at market price or at a specified limit price.

1. Navigate to the Positions tab at the bottom of the trading interface.
2. Locate your open SOFIUSDT position in the list, showing entry price, mark price, liquidation price, size, and unrealized PnL.
3. Click "Close." Choose between Market Close (immediate execution, taker fee applies) or Limit Close (executes at your specified price, maker fee applies if the order rests).
4. Confirm the close order.
5. Verify the position has been removed from the Positions tab and that your realized PnL has been credited to your account balance.

Closing a position is mechanically the opposite of opening it: closing a long places a sell order; closing a short places a buy order. You can also close a partial position (for example, 50% of your total size) to lock in partial profit while maintaining remaining exposure.

If your TP or SL triggers first, Bybit closes the position automatically. Manual close and TP/SL-triggered close produce the same result; the difference is timing and price control.

Frequently Asked Questions About Trading SOFIUSDT on Bybit

Is SOFIUSDT the same as buying SOFI stock?

No. SOFIUSDT is a derivative contract that tracks SoFi Technologies' stock price; you do not own any shares. Holding a SOFIUSDT position gives you no equity ownership, no voting rights, no dividend entitlement, and no SEC-regulated investor protections. You hold a price-tracking contract that settles in USDT. See the comparison table in the section above for a full breakdown.

Can I trade SOFIUSDT if I am in the United States?

Bybit restricts its services for users in certain jurisdictions, including the United States and the United Kingdom. If you are in a restricted region, Bybit's trading services may not be available to you. Verify your jurisdiction's current eligibility on Bybit's website and Terms of Service before creating an account. Do not attempt to circumvent geographic restrictions.

What is the minimum amount I need to trade SOFIUSDT on Bybit?

The minimum order quantity for SOFIUSDT is specified in the contract specifications table. Verify the current minimum on the SOFIUSDT trading page on Bybit, as this figure can change. You should always size positions relative to your total account balance rather than the platform minimum.

How is the SOFIUSDT price determined?

The SOFIUSDT price is derived from the index price, an aggregated reference rate calculated from SOFI stock data providers. During NASDAQ trading hours, the index price tracks SOFI's market price closely. The mark price on Bybit is calculated using the index price plus a funding basis component, and the mark price governs your unrealized PnL and liquidation trigger.

What happens to my position if the funding rate becomes very high?

If the funding rate rises significantly, you pay a larger periodic cost on each settlement. For a long position, this erodes your profit. The cumulative cost can exceed your price movement gain, resulting in a net loss even if the price moved in your favor. You can close the position at any time to stop the funding accumulation.

Can I go short on SOFIUSDT?

Yes. Perpetual contracts support both long and short positions. To go short on SOFIUSDT, click "Sell/Short" in the order panel. Going short profits if the price falls. Unlike short-selling SOFI stock through a brokerage, shorting SOFIUSDT requires no share borrowing, no borrowing fees, and no uptick rule compliance. This is one of the key advantages of using SoFi stock crypto futures in 2026 compared to a traditional margin account.

What happens to SOFIUSDT if SoFi Technologies stock is delisted or halted?

If SoFi Technologies stock is suspended, delisted, or subject to an extended trading halt, Bybit may suspend the SOFIUSDT contract or settle it at the last available reference price, per Bybit's contract management provisions. Review Bybit's perpetual contract management rules for the current policy on underlying asset disruptions.

Can I trade SOFIUSDT on the Bybit mobile app?

Yes. The Bybit mobile app (available for iOS and Android) supports USDT perpetual trading including SOFIUSDT. Navigate to the Derivatives section, search for SOFIUSDT, and the full order panel (leverage selector, margin mode toggle, TP/SL fields, and Positions tab) is available on mobile.

Summary: Your SOFIUSDT Trading Checklist

Before placing your first SOFIUSDT trade, work through this checklist to confirm each prerequisite and configuration step is complete.

• Bybit account created and KYC identity verification completed
• Confirmed your jurisdiction is eligible to access Bybit's services
• USDT deposited and confirmed in your Unified Trading Account balance
• Located SOFIUSDT under Derivatives > USDT Perpetual (or via search)
• Reviewed the SOFIUSDT contract specifications and current funding rate
• Margin mode set to Isolated in the order panel
• Leverage set to 2x to 5x (recommended beginner range)
• Position size calculated so maximum loss stays within 1% to 2% of account
• Stop Loss set above your estimated liquidation price
• Take Profit target price entered in the TP/SL panel
• Order summary reviewed (notional value, liquidation price, TP/SL confirmed)
• Order submitted and position visible in the Positions tab

You now have every piece of information needed to open your first SOFIUSDT position on Bybit with clear expectations about how the product works, what it costs, and how to protect your capital.

Related Reading

• Introduction to Take Profit and Stop Loss for Perpetual Futures Contracts on Bybit
• How to Navigate the Bybit Perpetual Contract Trading Page
• Trading Another Stock Crypto Perpetual on Bybit: CRWDUSDT CrowdStrike Guide
• SOFIUSDT Market Overview 2026: 5 Factors Traders Watch
• What Is SOFIUSDT? SoFi Technologies Explained for Beginners
• SoFi Technologies Business Segments 2026
• SOFIUSDT Live Price and Market Data