-
bitcoin $84983.781472 USD
0.46% -
ethereum $2694.973456 USD
0.56% -
tether $0.999791 USD
0.00% -
bnb $788.046610 USD
2.92% -
xrp $1.497927 USD
0.92% -
usd-coin $0.999901 USD
-0.01% -
solana $121.106954 USD
1.42% -
tron $0.335315 USD
0.01% -
hyperliquid $89.704131 USD
1.65% -
zcash $1329.062991 USD
1.20% -
dogecoin $0.093145 USD
0.27% -
chainlink $14.007792 USD
-0.11% -
monero $550.990156 USD
0.45% -
cardano $0.245120 USD
0.06% -
unus-sed-leo $8.923684 USD
-0.97%
How is the OKEx perpetual contract settled?
OKEx offers eight-hourly settlement intervals for perpetual contracts, ensuring efficient position adjustments and profit/loss determination at predetermined times.
Oct 24, 2024 at 04:00 am
OKEx perpetual contracts are settled every 8 hours. The settlement time is as follows:
- UTC 08:00
- UTC 16:00
- UTC 00:00
- Calculation of Settlement Price: The settlement price is calculated as the average price of the perpetual contract during the last 30 seconds before the settlement time.
- Mark Price Adjustment: If the settlement price differs from the mark price by more than 0.01%, a mark price adjustment is applied to bring the settlement price closer to the mark price.
- Position Closing: All perpetual contract positions are closed at the settlement price.
- Profit/Loss Settlement: Traders receive or pay profit/loss based on the difference between their position opening price and the settlement price.
- Contract: BTCUSDT perpetual contract
- Settlement Time: UTC 08:00
- Settlement Price: $40,000
- Mark Price: $39,998
- Trader A has a long position of 10 BTC with an opening price of $40,100.
- Trader B has a short position of 10 BTC with an opening price of $39,900.
- Settlement Price: ($40,000 + $40,000) / 2 = $40,000
- Mark Price Adjustment: $40,000 - $39,998 = $0.002 > 0.01%, apply adjustment.
- Adjusted Settlement Price: $40,000 + (($40,000 - $39,998) * 0.5) = $40,000.001
- Profit/Loss: (40,000.001 - 40,100) * 10 = -100 USDT
- Profit/Loss: (40,000.001 - 39,900) * 10 = 100 USDT
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.
- Shiba Inu (SHIB) Stages September Surge Recovery, But Key Resistance Looms
- 2026-10-04 16:35:01
- Microsoft X Account Hijack: Fake Clippy Comeback Fuels Crypto Scam Amidst AI Fraud Surge
- 2026-10-04 16:35:01
- Philippines Cracks Down: Crypto Wallets Frozen in Landmark Flood Scandal Investigation
- 2026-10-04 16:40:01
- Crypto Crossroads: Bitcoin & Ethereum Price Predictions Amidst ETF Inflows and Shifting Market Dynamics
- 2026-10-04 16:40:01
- Federal Reserve Reserves Fluctuate: H.4.1 Data Reveals Bank Reserve Balances Dip on Wednesday Snapshot, Average Rises
- 2026-10-04 12:35:01
- XRP Traders, Dark Defender, and the Ascent of Flight X589: A Deep Dive into XRP's Trajectory
- 2026-10-04 00:45:01
Related knowledge
How to use DOT funding rates when managing a leveraged futures position?
Oct 04,2026 at 10:59am
Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where block rewards are cut in half approximately every 210,000 bloc...
How to set a stop-loss and take-profit on a TRX perpetual contract?
Oct 03,2026 at 01:59am
Understanding Stop-Loss and Take-Profit Mechanics on TRX Perpetuals1. Stop-loss (SL) and take-profit (TP) orders on TRX perpetual contracts function a...
How to use LTC funding rates to manage a perpetual futures trade?
Oct 04,2026 at 05:59pm
Funding Rate Mechanics in Litecoin Perpetual Markets1. Funding rates in Litecoin perpetual futures are calculated every eight hours using the differen...
How to trade an LTC perpetual contract when price returns to support?
Oct 03,2026 at 10:40am
Support Zone Recognition1. Litecoin’s 60-day moving average at $68.40 has acted as a dynamic floor in five of the last seven weekly closes. 2. On-chai...
How to set an APT futures price alert near a key resistance level?
Oct 04,2026 at 02:00am
Identifying Key Resistance Levels for APT1. Examine historical price action on the 4-hour and daily charts to locate zones where APT repeatedly failed...
How to use APT open interest to identify a potential futures breakout?
Oct 02,2026 at 10:39am
Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where the block reward halves approximately every 210,000 blocks, or...
How to use DOT funding rates when managing a leveraged futures position?
Oct 04,2026 at 10:59am
Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where block rewards are cut in half approximately every 210,000 bloc...
How to set a stop-loss and take-profit on a TRX perpetual contract?
Oct 03,2026 at 01:59am
Understanding Stop-Loss and Take-Profit Mechanics on TRX Perpetuals1. Stop-loss (SL) and take-profit (TP) orders on TRX perpetual contracts function a...
How to use LTC funding rates to manage a perpetual futures trade?
Oct 04,2026 at 05:59pm
Funding Rate Mechanics in Litecoin Perpetual Markets1. Funding rates in Litecoin perpetual futures are calculated every eight hours using the differen...
How to trade an LTC perpetual contract when price returns to support?
Oct 03,2026 at 10:40am
Support Zone Recognition1. Litecoin’s 60-day moving average at $68.40 has acted as a dynamic floor in five of the last seven weekly closes. 2. On-chai...
How to set an APT futures price alert near a key resistance level?
Oct 04,2026 at 02:00am
Identifying Key Resistance Levels for APT1. Examine historical price action on the 4-hour and daily charts to locate zones where APT repeatedly failed...
How to use APT open interest to identify a potential futures breakout?
Oct 02,2026 at 10:39am
Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where the block reward halves approximately every 210,000 blocks, or...
See all articles














