Bybit announced spot Percentage-of-Volume orders on 15 October, following its futures launch on 20 May. The feature splits an order into smaller executions linked to turnover or order-book depth.[1][3]
At a glance01
Three distinct execution modes
| Mode | Reference | Child-order behaviour |
|---|---|---|
| Traded Volume | Executed market volume | Market ordersSource 2 |
| Opposite-Side Liquidity | Liquidity across the opposing book | Taker limit ordersSource 2 |
| Same-Side Liquidity | Liquidity on the order’s own side | Post-only maker orders; unfilled amounts cancel and repost at the next cycle’s best quoteSource 2 |
At a glance02
Execution controls
| Control | Options |
|---|---|
| Participation | 1%–100%Source 2 |
| Volume lookback | Examples: 1 minute, 5 minutes, 30 minutes, 1 hour or 4 hoursSource 2 |
| Depth reference | Top 1, 3, 5 or 10 levelsSource 2 |
| Stopping conditions | Target quantity, duration, or whichever is reached firstSource 2 |
| Frequency | One-time, or intervals such as 5 seconds, 5 minutes or 1 hourSource 2 |
Bybit states that it adds no separate POV strategy charge; ordinary trading fees still apply. Maker-mode orders may remain unfilled, and pacing does not guarantee a particular price or completion of the full order.[1][2]
Sources & further reading
- POV orders now live on Bybit Spot! Bybit Official Announcements · 15 Oct 2026 · Accessed 26 Oct 2026
- Percentage-of-Volume (POV) Order Bybit · Accessed 26 Oct 2026
- Introducing POV Order: Smarter execution for large trades Bybit Official Announcements · 20 May 2026 · Accessed 26 Oct 2026