What time does MEXC weekly contract deliver Cut

What Time Does MEXC Weekly Contract Deliver Cut?

MEXC weekly contract delivery cut-off time varies depending on the contract itself. Below are the delivery cut-off times for each contract type:

Perpetual Contract:

• Perpetual contracts do not have a delivery cut-off time. They can be traded indefinitely.

Quarterly Contract:

• The delivery cut-off time for quarterly contracts is 8:00 AM UTC on the last Friday of the contract month.

Weekly Contract:

• The delivery cut-off time for weekly contracts is 8:00 AM UTC on the Friday of the contract week.

After the delivery cut-off time, the contract will be settled at the Mark Price. Any open positions will be automatically closed, and the profits or losses will be credited to the trader's account.

Example:

Let's say you have a position in a weekly contract that expires on Friday at 8:00 AM UTC. If you do not close your position before the cut-off time, it will be settled at the Mark Price at 8:00 AM UTC.

When Should You Close Your Position?

It is generally advisable to close your position before the delivery cut-off time to avoid any unexpected surprises. However, if you believe the market will continue to move in your favor, you may choose to hold your position until expiration.

What Happens if You Don't Close Your Position Before the Delivery Cut-Off Time?

If you do not close your position before the delivery cut-off time, it will be settled at the Mark Price. This means that you will be forced to sell or buy the underlying asset at the Mark Price, which may not be favorable to you.

How to Avoid Unwanted Delivery

To avoid unwanted delivery, you can do the following:

• Close your position before the delivery cut-off time.
• Use a stop-loss order to close your position if the market moves against you.
• Roll over your position to the next contract month.

Conclusion

Understanding the delivery cut-off time for MEXC contracts is essential to avoid unwanted surprises. By closing your position before the cut-off time or using a stop-loss order, you can protect yourself from potential losses.