Bybit — derivatives-first exchange with full reconciliation
Bybit's perpetuals and options activity needs careful classification. We handle funding rates, position closes, and copy-trading flows in one workspace.
Bybit is one of the largest derivatives-first crypto exchanges. Its spot market grew on the back of the perpetuals business; its options product is among the more liquid in crypto. The accounting needs to handle funding rates, perpetual position P&L, options premium / strike, and the copy-trading product — all of which we cover.
What the Bybit integration does
Spot, perps, options, copy trading
All product lines under one read-only API key.
Funding-rate accounting
Per-position funding payments / receipts booked correctly.
Realized P&L per close
Per-trade realized gain or loss with FIFO / LIFO / HIFO.
The connection in 4 steps
Create a read-only API key on Bybit
In Bybit Account & Security, generate an API key with read-only permissions only. Enable positions, orders, and account balance read. Do not enable trading or withdrawals.
Connect to Wag3s
Enter your Bybit API key and secret in the Wag3s exchange integrations panel. We discover all Unified Trading Account sub-accounts and product surfaces automatically.
All product lines ingested and classified
Spot, USDT-M Perpetuals, Inverse Perpetuals, Options, and Copy Trading accounts are ingested. Each product's P&L mechanics are handled separately — options premium, perp funding rates, and copy-trade allocation are decoded correctly.
On-chain reconciliation with withdrawal matching
Every Bybit withdrawal is matched to its on-chain receipt. Copy-trading profit distributions are reconciled against the master account P&L.
Common configurations
Trader runs a delta-neutral strategy on Bybit USDT-M perpetuals. Daily realized P&L from position closes must be booked, funding rates settled, and the net result exported to their accounting software. Wag3s handles the per-close P&L, books funding as income or expense, and posts the daily JE.
Asset manager runs a copy-trading master account on Bybit with 50 followers. They need to track the master account P&L separately from follower allocations for management fee calculation and regulatory reporting. Wag3s attributes P&L to the master account and tracks follower distributions as separate line items.
Bybit integration questions
How does the integration handle Bybit's Unified Trading Account structure?
Bybit's UTA consolidates Spot, Perpetuals, and Options into one margin pool. Wag3s reads the UTA balance and transaction ledger as a unified account, then disaggregates realized P&L per product type for the accounting classification.
Are Bybit Earn (savings and staking) products covered?
Yes. Bybit Earn (Flexible Savings, Fixed Term, On-Chain Earn) rewards are ingested and classified as interest income on the date of receipt.
Is the integration read-only?
Yes. We request only read scopes — positions, orders, account balance, and ledger history. Trade and withdrawal scopes are never requested.
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Connect Bybit in minutes
Free during Alpha. No credit card. Native sync, audit trail, no spreadsheets.