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What time does Huobi contract settle

For quarterly futures contracts on Huobi, BTC, ETH, LTC, BCH, and ETC settle at 08:00 (UTC) on the last Friday of the contract month, while other cryptocurrencies settle on the last Thursday.

Nov 12, 2024 at 01:33 pm

What Time Does Huobi Contract Settle?

Understanding Contract Settlement Time on Huobi Exchange

Huobi, a leading global cryptocurrency exchange, offers a wide range of trading products, including futures contracts. Understanding the contract settlement time is crucial for successful trading, as it determines when open positions are closed and profits or losses are realized. This article delves into the details of contract settlement on Huobi, providing a comprehensive guide for traders to navigate the process seamlessly.

1. Contract Settlement Overview

  • Contract settlement is the process of closing open futures contracts on a specific date and time, as defined by the underlying contract specifications.
  • Upon settlement, traders' positions are closed automatically, and profits or losses are realized and credited to their accounts.
  • The settlement price is typically determined by calculating the average price of the underlying asset over a predefined period before the settlement time.

2. Settlement Time for Different Contracts

  • Inverse Perpetual Contracts: These contracts do not have a fixed settlement date or time. Instead, they are continuously traded until users close their positions.
  • USDT-Margined Perpetual Contracts: These contracts also do not have a fixed settlement time but can be traded 24/7.
  • Coin-Margined Perpetual Contracts: Similar to USDT-margined perpetual contracts, these contracts do not have a fixed settlement time and offer perpetual trading.

3. Settlement Time for Quarterly Futures Contracts

  • Huobi offers futures contracts with varying expiration dates, typically quarterly.
  • The settlement time for quarterly futures contracts is as follows:

    • 08:00 (UTC) on the last Friday of each contract month for BTC, ETH, ETC, BCH, and LTC contracts.
    • 08:00 (UTC) on the last Thursday of each contract month for other cryptocurrencies.

4. Closing Positions Before Settlement

  • Traders can close their open positions before the settlement time to avoid forced liquidation and realize their profits or losses manually.
  • To close a position, traders simply need to place an opposite order (e.g., a sell order to close a long position) that matches the size of their open position.

5. Automatic Settlement and Liquidation

  • If traders do not manually close their positions, Huobi will automatically close them at the settlement time based on the settlement price.
  • Open positions that have insufficient margin to cover losses may be liquidated to prevent further losses.

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!

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