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Pre-Market Perpetuals
Pre-Market Perpetuals allow users to trade Perpetual Contracts on upcoming tokens and speculate on their future value before they are officially launched on Bybit.
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FAQ

Participants must have a Bybit account and complete Identity Verification to engage in Pre-Market Perpetuals Trading. Existing deposit and withdrawal limits will apply.

How to Trade Pre-Market Perpetuals
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Contract Selection
Users choose the Pre-Market Perpetuals they want to trade.
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Quotation
The auction starts, with Phase 1 and Phase 2 lasting for a total of 55 minutes.
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Price Matching
Buy and sell orders are matched at the auction price. No orders can be placed or canceled during this 5-minute stage.
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Opening Outcomes
The contract will either proceed to Continuous Auction or be delisted, depending on the buy and sell order quantities.
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Continuous Auction
Trades can be executed at any time as buy and sell orders are matched in real-time, similar to standard Perpetual trading.