FNUSDT listing on Bybit: what the Nov 6, 2026 TradFi perpetual means

Bybit listed a new FNUSDT TradFi Perpetual contract on November 6, 2026, at 11:00 AM UTC. FNUSDT tracks the price of Fabrinet, a company stock, not a cryptocurrency. This is a derivative contract, so trading it doesn't give you Fabrinet shares. Announced Nov 6, 2026, checked Nov 6, 2026, per Bybit's official announcement.

What happened with the FNUSDT listing?

Bybit launched the FNUSDT USDT Perpetual Contract at the time stated above. The contract references Fabrinet's equity price through a synthetic structure. Bybit pays out based on price movement, not stock ownership. Settlement uses USDT. The announcement sets a maximum leverage figure, a capped funding rate, and a funding settlement interval for this contract. All of those figures are quoted directly below, straight from Bybit's own spec sheet. The contract trades around the clock, and it also works inside Bybit's Futures Bots: Futures Grid, Futures Martingale, and Futures Combo.

Here is the full spec sheet, quoted from the announcement:

Fabrinet's own site, fabrinet.com, is listed in the announcement as the underlying company's official website. Bybit can change any of these terms at any time, with or without notice. That includes leverage, tick size, margin rates, and the funding rate. Check the live contract page before you open a position.

What does this mean for users in the US, UK, Canada, and Australia?

Bybit does not serve US residents at all.^† There's no CFTC or FinCEN registration, no state money-transmitter license, and US IP addresses get blocked at sign-up. So this listing changes nothing for US-based readers. If you couldn't access Bybit before, FNUSDT doesn't change that.

For the UK, Canada, and Australia, no country-specific impact was found in the data available for this brief. Bybit's own announcement says the product "may not be available in all jurisdictions or to all users," and that you're responsible for checking local law yourself. That's a general caveat written for every TradFi listing, not a rule aimed at one country. If you're in the UK, Canada, or Australia, open the FNUSDT contract page in your Bybit account and look for a geo-restriction notice before assuming access.

What should you check before trading FNUSDT?

Run through this list first.

1. Confirm your account can actually open the contract. TradFi Perpetuals sometimes carry extra geo-restrictions beyond standard Bybit access.
2. Check your verification level. Bybit requires KYC for account access.^†
3. Read the contract specs in the table above, especially leverage and the funding interval. Bybit can revise either one without warning.
4. Remember FNUSDT settles in USDT. You never receive Fabrinet shares, dividends, or voting rights.
5. Look up the actual futures fee schedule inside your Bybit app before you trade. Spot trading fees sit at 0.1% maker and 0.1% taker at the regular tier,^†† but perpetual contract fees run on a separate schedule not covered by the data behind this article. Don't assume the spot rate applies.
6. Check Bybit's proof-of-reserves page if account security matters to your decision. Bybit publishes a monthly Merkle-tree audit through Hacken, and reserve ratios for USDT, USDC, BTC, and ETH stayed above 100% in every report checked from February through September 2026.^†
7. Use the Bybit app, available on iOS and Android,^† to set price alerts rather than watching the market manually.

Want to compare fee structures before you fund an account? The fee calculator lines up the numbers for you.

What common mistakes should you avoid with this listing?

Don't assume FNUSDT gives you a stake in Fabrinet. It's a synthetic contract, not a stock purchase.

A few other traps show up with every new TradFi perpetual:

• Treating the leverage figure in the contract specs as permanent. Bybit can lower or raise it without notice.
• Confusing the funding settlement interval with a payout you receive. Funding fees move between long and short traders, they're not profit.
• Checking fees on the spot fee page and assuming futures fees match.
• Skipping the jurisdiction check because "Bybit already worked last time."
• Reading this listing as a signal to open a position. It isn't one, and nothing here recommends buying or selling anything.

Bybit was founded in 2018 and runs out of Singapore.^†† It already supports spot, futures, margin, staking, copy trading, P2P, and card products,^† so FNUSDT slots into an existing futures-bot system rather than new infrastructure. That context matters more than the ticker symbol itself.

FAQ

What is FNUSDT on Bybit?

FNUSDT is a USDT-margined perpetual contract that tracks the price of Fabrinet stock. It's a synthetic derivative, so you're trading price exposure, not the stock itself.

Does trading FNUSDT give me Fabrinet shares?

No. Bybit's own terms state you have no ownership, dividend rights, voting rights, or distribution rights in the underlying stock.

Can US residents trade FNUSDT on Bybit?

No. Bybit does not accept US residents on any product,^† so this applies to FNUSDT the same way it applies to every other contract on the platform.

Will the leverage or funding rate stay fixed at the levels listed in the announcement?

Not necessarily. Bybit states it can adjust leverage, tick size, margin rates, and funding terms at any time, with or without prior notice.

Read the full exchange profile in our Bybit review, see how we score platforms in our methodology, and check how affiliate links fund this site in our affiliate disclosure.

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Updated: November 6, 2026.