OKEX perpetual contract settlement time

OKEx perpetual contracts settle daily at 08:00 UTC, closing open positions and determining traders' profits or losses based on the opening and settlement prices.

Oct 22, 2024 at 11:00 am

OKEx Perpetual Contract Settlement Time

What is the settlement time for OKEx perpetual contracts?

OKEx perpetual contracts settle on a daily basis at 08:00 UTC. This means that all open positions in a perpetual contract will be closed and settled at this time.

Why is the settlement time important?

The settlement time is important because it determines when traders will receive or pay any profits or losses from their positions. If a trader has a position open at the time of settlement, they will receive or pay the difference between the opening price of the contract and the settlement price.

How can I avoid being affected by the settlement time?

If you do not want to be affected by the settlement time, you can close your position before the settlement time. You can do this by placing a closing order on the OKEx exchange.

What happens if I do not close my position before the settlement time?

If you do not close your position before the settlement time, your position will be automatically closed at the settlement price. You will then receive or pay the difference between the opening price of the contract and the settlement price.

What are the risks of trading perpetual contracts?

Perpetual contracts are a leveraged product, which means that you can lose more money than you invest. It is important to understand the risks involved in trading perpetual contracts before you start trading.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

USUAL

$0.4505

52.92%

Trade Now
AIC

$0.3432

49.51%

Trade Now
JASMY

$0.0319

28.76%

Trade Now
DEXE

$20.9282

28.74%

Trade Now
AR

$16.0976

24.94%

Trade Now
ELON

$0.0...02927

24.05%

Trade Now

Latest Crypto News

Three Utility-Driven Altcoins Catch Early Investor Attention as XRP Nears a New All-Time High
2025-01-31 07:05:54
El Salvador Loosens Grip on Bitcoin as It Seeks IMF Loan
2025-01-31 07:05:54
WallitIQ (WLTQ): The Cryptocurrency Token Dominating the Conversation Among Top Traders
2025-01-31 07:05:54
Grayscale Launches Bitcoin Mining ETF (MNRS), Offering Investors Regulated Exposure to Bitcoin Mining Companies
2025-01-31 07:05:54
Tesla and Bitcoin
2025-01-31 07:05:54
Trump Administration Weighs Bitcoin (BTC) Reserve
2025-01-31 07:05:54

Related knowledge

What are the impacts of different contract leverage multiples?

Dec 16,2024 at 12:46pm

Impacts of Different Contract Leverage MultiplesLeverage, a tool leveraged in the financial realm, amplifies trading activities and enhances potential returns while simultaneously magnifying risks. Understanding the implications of varying leverage multiples is paramount for savvy traders. This article delves into the impacts of different contract lever...

Which is more suitable for novices, contract trading or margin trading on Huobi.com?

Dec 16,2024 at 12:44pm

Which is More Suitable for Novices: Contract Trading or Margin Trading on Huobi.com?As a novice trader venturing into the world of cryptocurrency trading, the choice between contract trading and margin trading on Huobi.com can be a daunting one. Both instruments offer unique advantages and drawbacks, making it crucial to understand their key differences...

What does the leverage ratio of contract trading mean?

Dec 16,2024 at 12:43pm

What does the leverage ratio of contract trading mean?IntroductionLeverage ratio is a key concept in contract trading, allowing traders to gain exposure to a larger position than their initial capital would allow. This can potentially amplify both profits and losses, making it crucial for traders to understand its implications.Understanding Leverage Rat...

What scams exist in leveraged trading of virtual currency contracts?

Dec 16,2024 at 12:42pm

What Scams Exist in Leveraged Trading of Virtual Currency Contracts?Leveraged trading of virtual currency contracts, also known as margin trading, can be a lucrative way to increase your profits. However, it is important to be aware of the various scams that exist in this market so that you can protect yourself from losing your money.Pump-and-dump scams...

What is 20x leverage on Bitcoin contracts?

Dec 16,2024 at 12:40pm

What is 20x Leverage on Bitcoin Contracts?IntroductionLeverage is a powerful tool in the world of trading that can magnify both profits and losses. However, it's essential to understand the risks involved before using leverage, especially when trading volatile assets like Bitcoin. In this comprehensive guide, we will delve into the concept of 20x levera...

What is the difference between Huobi’s margin trading and contract trading?

Dec 16,2024 at 12:39pm

Understanding the Distinctions between Huobi Margin Trading and Contract TradingIntroductionHuobi, a leading cryptocurrency exchange, offers diverse trading options to cater to traders' varying risk tolerance and investment goals. Among these options are Margin Trading and Contract Trading, each with distinct features and trading mechanisms. This compre...