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Home/Glossary/Linear contract

Crypto trading · Pro

Linear contract

By Omer Rapaport · Content updated 11 September 2026

Also searched as: USDT-margined contract

What does Linear contract mean?

A linear contract has profit and loss proportional to the underlying price change for a fixed unit quantity. Many crypto linear contracts use a stablecoin as margin and settlement currency.

Example

A 0.1 BTC linear position gains 10 USDT from a favorable 100 USDT move, before costs.

Illustrative example; not a provider’s quoted offer.

Why it matters for prop traders

Verify the unit quantity, multiplier and settlement asset. A stablecoin-denominated result is not automatically a bank-dollar balance.

Sources and further reading

The following primary sources support the terminology. Provider rules describe their own products and may change.

  • Bybit - USDT perpetual and expiry contract FAQ

Related terms

  • Inverse contract
  • 24/7 crypto trading
  • API trading connection
← All 181 terms

Frequently asked questions

What specifications matter for a linear contract?

Verify the unit quantity, multiplier and settlement asset. A stablecoin-denominated result is not automatically a bank-dollar balance.

Sources: Bybit - USDT perpetual and expiry contract FAQ

What is a practical example of Linear contract?

Illustrative example: A 0.1 BTC linear position gains 10 USDT from a favorable 100 USDT move, before costs.

Sources: Bybit - USDT perpetual and expiry contract FAQ

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