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How long does it take for a Bybit contract to settle

Futures contracts on Bybit exchange have a specific expiration date and time, at which point the settlement process begins with a marking price calculation to determine profit or loss for traders.

Nov 14, 2024 at 04:18 pm

How Long Does It Take for a Bybit Contract to Settle?

Bybit, one of the leading cryptocurrency exchanges, offers a variety of contract types, including perpetual contracts and futures contracts. Each type of contract has its own settlement process and time frame.

Settlement Process

Expiration: For futures contracts, the settlement process begins when the contract expires. The expiration date and time are specified in the contract details.
Marking Price Calculation: The exchange calculates a marking price for the contract at the time of expiration. This price is based on the weighted average of market prices from multiple exchanges.
Profit/Loss Calculation: Based on the marking price, the exchange determines the profit or loss for each trader.
Settlement: The exchange settles the contract by transferring the profit or loss to the trader's account.

Settlement Time

The settlement time for Bybit contracts varies depending on the contract type:

Perpetual Contracts

Perpetual contracts do not have a defined expiration date and continue trading indefinitely.
Settlement occurs on a rolling basis, typically every 8 hours.
Trades that are closed before the settlement time are settled at the current market price.
Trades that remain open during settlement are settled at the prevailing index price at that time.

Futures Contracts

Futures contracts have a specific expiration date and time.
Settlement occurs on the expiration date at the specified time.
Trades that are closed before the expiration date are settled at the current market price.
Trades that remain open until expiration are settled based on the marking price.

Settlement Timing

Regular Settlement: For most perpetual contracts, settlement occurs every 8 hours at 00:00 UTC, 08:00 UTC, and 16:00 UTC.
Extended Settlement: During periods of high volatility or market disruptions, the exchange may extend the settlement time to ensure fair and orderly settlement.

Tips for Settling Contracts

Monitor the Settlement Time: Traders should be aware of the settlement time for their contracts to avoid any potential delays or losses.
Manage Risk: Proper risk management is essential to minimizing losses during contract settlement. Consider using stop-loss orders and limit orders to protect your positions.
Withdrawal Timing: If you wish to withdraw funds after a contract settlement, ensure you do so after the settlement time to avoid any issues.

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