Bybit has expanded its derivatives lineup with the launch of a LONGXIAUSDT perpetual contract in its Innovation Zone. The new USDT-settled product is now available for 24/7 trading with leverage of up to 10x, giving users leveraged exposure to the $龙虾 (LONGXIA) token without requiring them to hold the underlying asset.
According to Bybit’s official listing announcement, the contract tracks LONGXIA on BNB Smart Chain, identified by the token contract address 0xeccbb861c0dda7efd964010085488b69317e4444. The derivative is margined and settled in USDT, while Bybit lists no official website or X account for the underlying asset on the contract announcement page.
LONGXIAUSDT Uses Four-Hour Funding Cycle
The perpetual contract launched with a tick size of 0.0001 and a funding fee settlement interval of four hours. Bybit has capped the contract’s funding rate at 2.5%, making funding costs an important variable for traders maintaining leveraged positions across multiple settlement periods.
The exchange also highlighted the listing through its official X account, reinforcing that trading has already opened rather than remaining at the announcement stage. LONGXIAUSDT is therefore a live derivatives market, not a planned or pending listing, although availability may still depend on jurisdiction and the exchange’s applicable terms.
New Crypto Perpetual Contract Listing: 龙虾USDT (LONGXIAUSDT) is now live on Bybit! 🚀
Trade $龙虾 (LONGXIA) up to 10x Leverage: https://t.co/xQjlLCUhMe pic.twitter.com/r2xyZRl2Zn
— Bybit (@Bybit_Official) September 14, 2026
Perpetual contracts do not have a fixed expiry date, meaning positions can remain open as long as traders satisfy margin requirements and the contract remains listed. The 10x leverage ceiling increases both potential exposure and liquidation sensitivity, while the four-hour funding mechanism periodically transfers payments between long and short positions depending on the applicable funding rate.
Innovation Zone Comes With Higher Trading Fees
Bybit placed LONGXIAUSDT in its Innovation Zone, a separate category within its perpetual derivatives offering. The exchange explicitly states that Innovation Zone contracts carry higher trading fees than its other perpetual contracts, making the listing category relevant to the total cost of opening and maintaining positions.
The specifications published at launch are also not necessarily permanent. Bybit retains the ability to adjust maximum leverage, margin requirements, order-size limits, funding parameters and price calculations in response to market conditions. The exchange can also modify minimum price increments and the methodologies used for mark and index prices, meaning traders cannot assume the initial configuration will remain unchanged indefinitely.
LONGXIAUSDT follows several other additions to Bybit’s Innovation Zone. The exchange previously introduced a DOSUSDT perpetual contract with leverage of up to 20x, while ARXUSDT and OUSDT perpetual contracts were also added to the same category. Those listings show Bybit continuing to use the Innovation Zone as a dedicated channel for new leveraged derivatives markets, rather than demonstrating by themselves that the underlying tokens have established durable liquidity or demand.
With LONGXIAUSDT now trading around the clock, the next measurable issue is whether the contract develops stable liquidity, open interest and funding conditions beyond its initial listing period. Those market metrics, rather than the listing alone, will provide a clearer indication of sustained derivatives activity around LONGXIA.
Emma Lawson writes about the pressure points where crypto meets the outside world: regulation, exchanges, macro policy, tokenized assets and geopolitical risk. From the US, she follows the decisions and events that can change how capital moves, how platforms operate and how digital assets are treated by institutions.
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