When does Gate.io weekly contract deliver

Weekly delivery contracts on Gate.io provide traders with a predictable delivery schedule, efficient settlement process, risk management tools, and flexible trading opportunities in the cryptocurrency markets.

Nov 11, 2024 at 10:20 pm

When Does Gate.io Weekly Contract Deliver? Weekly Delivery Contracts on Gate.io

Gate.io offers a diverse range of trading options, including weekly delivery contracts, which provide traders with the opportunity to speculate on the future price of a cryptocurrency asset. These contracts expire and settle on a weekly basis, offering a unique way to participate in the cryptocurrency markets.

Unlike traditional futures contracts, which can have varying expiration dates, weekly delivery contracts on Gate.io have a fixed expiration schedule. This makes it easier for traders to plan their trading strategies and manage their risk exposure.

Weekly Contract Delivery Schedule

Gate.io's weekly delivery contracts follow a consistent delivery schedule:

• Contracts expire every Friday at 04:00 AM UTC.
• Settlements occur within 1 hour after contract expiration, at 05:00 AM UTC.

This schedule provides traders with ample time to adjust their positions before contract expiration and settlement.

Contract Delivery Process

The delivery process for weekly delivery contracts on Gate.io involves the following steps:

1. Contract Expiration: At 04:00 AM UTC on Friday, the weekly delivery contract expires. All open positions in the contract will be closed at the settlement price.
2. Settlement Price Calculation: The settlement price is determined based on the average price of the underlying cryptocurrency asset over the last 10 minutes prior to contract expiration.
3. Settlement: Within 1 hour after contract expiration (05:00 AM UTC), the settlement process is initiated. Traders who hold long positions will receive the underlying cryptocurrency asset, while traders who hold short positions will pay the equivalent amount in USDT.
4. Distribution of Underlying Asset or USDT: The underlying cryptocurrency asset or USDT will be credited to the respective traders' accounts based on their position and the settlement price.

Benefits of Weekly Delivery Contracts

Weekly delivery contracts offer several advantages for traders:

• Clear and Predictable Delivery Schedule: The fixed expiration and settlement schedule simplifies trading strategies and risk management.
• Efficient Settlement Process: The automated settlement process ensures timely and accurate distribution of assets or USDT.
• Risk Management: Weekly contract expiration allows traders to regularly close positions and manage their risk exposure.
• Flexible Trading Opportunities: Weekly delivery contracts provide traders with additional flexibility to capitalize on short-term price movements.

Considerations for Trading Weekly Delivery Contracts

When trading weekly delivery contracts, traders should consider the following factors:

• Expiration Risk: Close to contract expiration, market volatility can increase as traders adjust their positions.
• Settlement Price Fluctuations: The settlement price can differ significantly from the spot market price, especially during periods of high volatility.
• Slippage: Slippage may occur during the settlement process, especially in volatile market conditions.
• Fees: Gate.io charges trading fees for weekly delivery contracts, which should be considered in overall trading strategies.