When will BitMEX weekly contract be delivered

BitMEX weekly contracts typically settle on Fridays at 17:00 UTC, but the delivery date can vary based on trading volume, market conditions, and exchange holidays.

Nov 12, 2024 at 03:46 pm

When Will BitMEX Weekly Contract Be Delivered?

BitMEX weekly contract is a type of futures contract that expires on a weekly basis. This means that the contract will settle on a specific day of the week, regardless of when it was purchased. The delivery date for BitMEX weekly contracts is typically on Fridays at 17:00 UTC.

Factors that Affect Delivery Date:

• Trading Volume: High trading volume can lead to earlier delivery dates.
• Market Conditions: Market volatility can affect delivery dates.
• Exchange Holidays: BitMEX holidays can affect delivery dates.

Steps to Determine Delivery Date:

1. Check the Contract Specification: The contract specification will state the delivery date for the contract.
2. Consider Trading Volume: High trading volume can lead to earlier delivery dates. Monitor trading volume to anticipate potential delivery date changes.
3. Monitor Market Conditions: Market volatility can affect delivery dates. Stay informed about market conditions to assess potential impacts.
4. Check for Exchange Holidays: BitMEX holidays can affect delivery dates. Consult the exchange calendar to identify any upcoming holidays.

Example of Delivery Date Calculation:

• Contract purchase date: Monday, January 9, 2023
• Contract expiration date: Friday, January 20, 2023
• Estimated delivery date: Friday, January 20, 2023, at 17:00 UTC

Important Considerations:

• Delivery dates are subject to change based on market conditions and exchange policies.
• It is important to monitor trading volume, market conditions, and exchange holidays to stay informed about potential delivery date changes.
• Traders should adjust their trading strategies accordingly to account for delivery dates.