Tick Size Changes on XBTUSDT and ETHUSDT Are Coming

The Minimum Price Increments for the Bitcoin (XBTUSDT) and Ethereum (ETHUSDT) perpetual swaps will be reduced as per below on 5 February 2024 at 04:00:00 UTC. 

Perpetual swap  Current Minimum Price Increment (USDT) Minimum Price Increment (USDT) starting 5 February 2024 04:00:00 UTC
XBTUSDT 0.5 0.1
ETHUSDT 0.05 0.01

 

The Minimum Price Increment (Tick Size) is the smallest increment by which the price of a contract can move. 

A smaller Minimum Price Increment can theoretically lead to reduced bid-offer spreads, useful for price takers when crossing the spread to trade.

In the meantime, if you have any questions please contact Support.