What time will BingX’s contract for the week be delivered?

What Time Will BingX's Contract for the Week Be Delivered?

BingX is a leading cryptocurrency exchange that offers a variety of trading products, including perpetual contracts. Perpetual contracts are a type of futures contract that has no fixed expiration date and can be traded continuously.

BingX's contract for the week is a perpetual contract that expires every Friday at 8:00 AM UTC. This means that the contract will be delivered on Friday at 8:00 AM UTC.

There are a few things to keep in mind when trading BingX's contract for the week:

• The contract is settled in USDT.
• The minimum trade size is 1 contract.
• The maximum leverage is 100x.
• The funding rate is adjusted every 8 hours.

Steps to Trade BingX's Contract for the Week

1. Open an account with BingX. You can create an account by visiting the BingX website and clicking on the "Sign Up" button.
2. Deposit funds into your account. You can deposit funds into your account by using a variety of methods, including bank wire, credit card, and cryptocurrency.
3. Navigate to the perpetual contracts trading page. You can find the perpetual contracts trading page by clicking on the "Derivatives" tab at the top of the BingX website.
4. Select the contract for the week. You can select the contract for the week by clicking on the "Weekly" tab on the perpetual contracts trading page.
5. Enter the number of contracts you want to trade. You can enter the number of contracts you want to trade in the "Quantity" field.
6. Select the leverage you want to use. You can select the leverage you want to use in the "Leverage" field.
7. Click on the "Buy" or "Sell" button. You can click on the "Buy" button to buy the contract for the week, or you can click on the "Sell" button to sell the contract for the week.

Example of Trading BingX's Contract for the Week

Let's say that you want to buy 1 contract for the week with 10x leverage. You would first need to open an account with BingX and deposit funds into your account. Then, you would need to navigate to the perpetual contracts trading page and select the contract for the week. You would then need to enter the number of contracts you want to trade (1) and the leverage you want to use (10x). Finally, you would need to click on the "Buy" button.

If the price of the underlying asset rises, you will make a profit. However, if the price of the underlying asset falls, you will lose money. It is important to remember that trading perpetual contracts can be risky, and you should only trade with funds that you can afford to lose.