How long does it take for a BitFlyer contract to settle

The settlement period for standard futures contracts on BitFlyer varies depending on the specific contract type, with standard contracts settling within 10 minutes of the auction's end on the last trading day of the contract month.

Nov 19, 2024 at 09:30 pm

How Long Does It Take for a BitFlyer Contract to Settle?Understanding Contract Settlement

What is Contract Settlement?
- Contract settlement refers to the finalization process of a futures contract.
- It involves the exchange of the underlying asset (e.g., cryptocurrency) between the buyer and seller.
Duration of Contract Settlement on BitFlyer
- The settlement period for futures contracts on BitFlyer depends on the specific contract type:
  - Standard futures contracts: Settles on the last trading day of the contract month within 10 minutes from the auction's end.
  - Perpetual futures contracts: No expiration date, contracts are held indefinitely.
Settlement Process for Standard Futures Contracts
- Auction: On the settlement date, an auction is held 10 minutes prior to the end of the trading day.
- Price Discovery: The auction determines the settlement price of the contract based on supply and demand.
- Settlement Adjustment: If the auction price differs from the last traded price, a settlement adjustment is made to trader accounts.
- Underlying Asset Transfer: The buyer receives the underlying cryptocurrency, while the seller receives the contract value in fiat currency.
Ongoing Status of Perpetual Futures Contracts
- Perpetual futures contracts have no expiration date and remain open until manually closed or liquidated.
- The settlement price is updated continuously based on the underlying asset's index price.
- No physical settlement of the underlying asset occurs unless the contract is liquidated.

Additional Considerations

Settlement Fees
- BitFlyer charges a 0.2% settlement fee for standard futures contracts.
- Perpetual futures contracts have an implied financing rate that may result in funding costs or payments depending on market conditions.
Risk Management
- It is essential to manage risk by understanding contract settlement mechanics and implications.
- Traders should monitor contract dates closely to avoid potential losses due to settlement adjustments.
- Proper portfolio diversification and risk mitigation strategies are crucial.

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

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

BERA, BTC, Jasmy: Altcoins Sparkle as Bitcoin Navigates Critical Crossroads
2026-02-12 15:45:01
Pi Network Gears Up for Mainnet Node Upgrade with February 2026 Deadline, Emphasizing Stability and Decentralization
2026-02-12 15:35:01
The Art Market Gets Smart: AI-Driven Growth and Efficiency Reshape a Global Landscape
2026-02-12 16:20:02
Cardano's Big Apple Move: LayerZero Integration Ignites Cross-Chain Future and Institutional Ambition
2026-02-12 16:15:01
APEMARS Ignites Meme Coin Frenzy with Explosive Presale Amid Market Volatility
2026-02-12 16:15:01
Ethereum Navigates Volatility: A Liquidity Trap or Mega Cycle Prelude?
2026-02-12 16:00:01

Related knowledge

How to Maximize Leverage Safely for Day Trading Crypto?

Feb 08,2026 at 01:19am

Understanding Leverage Mechanics in Crypto Derivatives1. Leverage multiplies both potential gains and losses by allowing traders to control larger pos...

How to Set Up a "One-Click" Trading Interface for Scalping?

Feb 09,2026 at 10:59pm

Core Architecture Requirements1. A low-latency WebSocket connection must be established directly with the exchange’s order book feed to receive real-t...

How to Use the Ichimoku Cloud for Futures Trend Analysis?

Feb 12,2026 at 01:20am

Understanding the Ichimoku Cloud Components1. The Tenkan-sen line is calculated as the midpoint between the highest high and lowest low over the past ...

How to Trade Ethereum Futures Before and After Major Upgrades?

Feb 08,2026 at 09:40am

Understanding Ethereum Futures Mechanics1. Ethereum futures contracts are standardized agreements to buy or sell ETH at a predetermined price and date...

How to Find High-Liquidity Pairs for Large Contract Trades?

Feb 08,2026 at 06:20pm

Finding High-Liquidity Pairs for Large Contract TradesTraders executing large contract orders must prioritize liquidity to avoid slippage and price im...

How to Use "Mark Price" vs. "Last Price" to Prevent Liquidation?

Feb 07,2026 at 05:39pm

Understanding Mark Price Mechanics1. Mark price is a composite value derived from multiple spot exchange indices and funding rate adjustments, designe...