OMNIUSDT faces Bybit delisting amid 30-min index settlement

Bybit delists OMNIUSDT perpetual contract; orders canceled, positions settled

As reported by AiCoin, the OMNIUSDT perpetual contract was removed from Bybit derivatives, with trading ending on September 24, 2025, at 09:00 UTC. The exchange’s notice outlined automatic cancellation of active and conditional orders and final position closure using a 30-minute average index price prior to delisting.

The instrument linked Omni Network (OMNI) to Tether (USDT) in a perpetual futures format rather than a dated quarterly or standard expiry future. The stated wind-down mechanics are designed to conclude exposure at a reference-based settlement price and to avoid orphaned orders.

The delisting relates to OMNI, the token of Omni Network, and not to MANTRA’s OM token. The distinction matters for traders who follow multiple tickers with similar tickers or names.

Why this delisting matters now for Bybit traders

Derivatives removals immediately affect hedges, leverage, and funding flows tied to a specific contract. In general, exchanges use delisting and forced-settlement frameworks to manage market integrity when liquidity, volatility, or compliance considerations change.

Context from broader token markets shows how sharp swings can amplify risk. As reported by TheStreet in a Bybit x Santiment report, MANTRA’s OM suffered a rapid drawdown of roughly 90% within hours in April 2025, prompting concerns about forced liquidations during thin liquidity; while OM is distinct from OMNI, the episode illustrates operational risk in volatile environments.

What happens next and how to respond

Settlement method: 30-minute index price; open orders auto-canceled

By design, delisting settlements based on an averaged index aim to reduce last-minute price dislocations and manipulation risk. “Active orders and conditional orders would be canceled, and open positions forcibly closed using the 30-minute average index price prior to delisting,” said Bybit in an official announcement.

Trader checklist, alternatives, and OM versus OMNI distinction

Standard practice around derivative sunsets includes reviewing any remaining exposure, confirming that conditional and active orders have been removed, and downloading fills and funding histories for records. Risk frameworks typically account for widened spreads and reduced liquidity as a contract approaches its final pricing window.

Where continued exposure to the underlying is needed, traders may look to spot markets or other venues where OMNI is listed, subject to liquidity, fees, and venue-specific rules. Contract specifications and margin frameworks differ by platform, and reconciliation of PnL and fees helps maintain accurate records.

OMNI and OM are separate assets. OM refers to MANTRA, whereas OMNI refers to Omni Network; treating them interchangeably can lead to incorrect hedges and reconciliation errors. As reported by TheStreet, the OM episode underscores how name confusion during stress can exacerbate operational mistakes.

At the time of this writing, broader markets displayed mixed signals, with gold futures up 1.08% and the Nasdaq Composite off 2.03%, as reported by Bloomberg and Yahoo Finance UK. Such conditions can contribute to cross-asset volatility that occasionally filters into smaller derivative pairs.