What time does the Bitfinex contract settle?

Perpetual contracts on Bitfinex settle every eight hours, at predefined intervals of 00:00 UTC, 08:00 UTC, and 16:00 UTC.

Nov 09, 2024 at 05:20 pm

What Time Does the Bitfinex Contract Settle?

Understanding Contract Settlement on Bitfinex

Bitfinex is a popular cryptocurrency exchange that offers a variety of trading options, including perpetual contracts. These contracts are unique in that they do not have a fixed expiration date and can be held indefinitely. However, they do have a settlement time, which is the time at which the contract's value is determined and settled in the underlying asset.

Understanding Settlement Time

The settlement time for Bitfinex contracts varies depending on the contract type. The following table outlines the settlement times for each contract type:

Contract Type	Settlement Time
Perpetual Contracts	Every 8 hours
Futures Contracts	Varies depending on the contract

Settlement Time for Perpetual Contracts

Perpetual contracts on Bitfinex settle every 8 hours at predefined intervals. The settlement times are as follows:

• 00:00 UTC
• 08:00 UTC
• 16:00 UTC

Settlement Time for Futures Contracts

The settlement time for futures contracts on Bitfinex varies depending on the specific contract. The settlement time is typically specified in the contract's documentation.

Impact of Settlement Time on Trading

The settlement time of a contract can have a significant impact on trading strategies. Traders need to be aware of the settlement time to ensure that they can manage their positions accordingly.

For example, if a trader is holding a perpetual contract that settles at 00:00 UTC, they need to be aware that the contract's value will be determined and settled at that time. If the trader is not prepared for the settlement, they could be exposed to losses.

Conclusion

The settlement time of a contract is an important factor to consider when trading on Bitfinex. Traders need to be aware of the settlement times for the contracts they are trading to ensure that they can manage their positions accordingly.