Bybit Lists FLYUSDT Perpetual Contract with Up to 20x Leverage

Bybit has announced the listing of the FLYUSDT perpetual contract, offering traders up to 20x leverage on the native token of Fly.trade. This new listing opens a futures market for FLY, a cross-chain token operating on the Sonic platform, and brings additional liquidity to a project backed by notable investors like ParaFi Capital and Jump Crypto.

What Happened

On July 20, 2026, Bybit officially launched the FLYUSDT perpetual contract on its futures exchange. The contract supports up to 20x leverage, allowing traders to take both long and short positions on FLY. This listing comes as Fly.trade continues to build its cross-chain swapping and portfolio tracking dApp, which aggregates token balances across multiple supported chains.

Fly.trade (FLY) is currently trading on 27 active markets, with a reported 24-hour trading volume of approximately $2,082.05. The token’s last known price was $0.00676244, down 6.20% over the past 24 hours. The circulating supply stands at 16,537,779.88 FLY tokens out of a total supply of 98,572,160.49.

Note: Brave search results indicate that FLY tokens are not yet available on several major exchanges, including CoinGecko-listed platforms and Kraken. Always verify availability before trading.

Token Snapshot

• Token Name: Fly.trade
• Symbol: FLY
• Platform: Sonic (token address: 0x6c9B3A74ae4779da5Ca999371eE8950e8DB3407f)
• Total Supply: 98,572,160.49 FLY
• Circulating Supply: 16,537,779.88 FLY
• Tags: Cross-Chain, Sonic Ecosystem, Binance Alpha, ParaFi Capital, Jump Crypto
• Official Website: https://www.fly.trade/
• Documentation: https://docs.fly.trade/
• Social: Twitter/X – @flytrade_, Telegram – Fly Protocol, Discord – Fly Trade

Risk Notes

• Low Liquidity: The 24-hour trading volume is just over $2,000, which may lead to significant slippage and price manipulation risks.
• Limited Exchange Availability: FLY is currently only tradable on Bybit futures. Brave search results show it is not listed on CoinGecko, KuCoin, or Kraken, reducing exit options.
• High Volatility: With up to 20x leverage, small price movements can result in large gains or losses. Use strict risk management.
• New Token: Fly.trade was added to tracking platforms on June 4, 2025, and has a relatively short trading history.

Where to Trade

The FLYUSDT perpetual contract is exclusively available on Bybit futures. For automated trading strategies, you can use our bot: Trade with our bot.