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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
- 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.
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