Bybit Long and Short: Trading Both Directions on Futures

Long and Short, Defined

Going long profits if the price rises; going short profits if the price falls, achieved on a futures contract without ever borrowing or holding the underlying asset the way a spot short-sale would require.

Opening Either Side on Bybit

Select Buy/Long or Sell/Short on the futures order form for Bybit USDT Perpetual, choose your leverage and margin mode, and confirm size before submitting.

Trade Both Directions on Bybit

Registration link: https://partner.bybit.com/b/34899

Referral / invite code, if Bybit asks for one separately: 34899

• URL: https://partner.bybit.com/b/34899
• Code: 34899
• Open it in a private window if old cookies from another invite are still set in your browser

Holding a Long and a Short at Once

one-way and hedge mode, both selectable per symbol from the position settings on Bybit. One-way mode nets any long and short on the same contract into a single position; hedge mode, where offered, keeps them as two separate positions with their own margin and PnL.

Funding Rewards or Costs Depending on Direction

funding settles every 8 hours on most perpetuals, visible live on the contract page before it applies A positive rate generally means longs pay shorts; a negative rate flips that — check the live sign before assuming which side is paying.

The Direction-Specific Mistake on Bybit

Skipping Demo Trading entirely and opening a leveraged live position on day one.

• Confirm long vs short before submitting, not after
• Check the position mode if you intend to hold both sides
• Check the funding sign before holding through a settlement

What Makes Bybit Different Here

Bybit's bigger differentiator is a derivatives-first product with Demo Trading and Copy Trading sitting right next to manual spot and futures — worth keeping in mind for anything beyond the basics covered above.

Layer that on top of isolated and cross margin, plus portfolio margin for eligible UTA accounts that nets risk across positions, and the risk picture on Bybit looks different from a generic checklist.

a built-in calculator for liquidation price, required margin, and PnL on the futures trading screen, but none of it replaces reading the live contract terms before you size a trade.

• Watch for: skipping Demo Trading entirely and opening a leveraged live position on day one
• Also watch for: copying a leaderboard trader's leverage setting without checking their maximum drawdown first
• Run your numbers through a fee calculator before assuming the headline rate applies to your trade