Perpetual contracts are settled 3 or 6 times a day (Singapore time). The settlement period for each currency pair may be different. Please refer to the contract information page for specific settlement time. The settlement process is as follows:
Funding Fee:
- Funding fee is calculated by our system and is exchanged between traders. The amount will be transferred between users’ balance.
- Please see Funding Rate Calculation for details.
- Position value has nothing to do with leverages. For example, if you’re holding 100 contracts, you will pay / collect funds based on the value of those contracts, rather than based on how much margin you have allocated to the position.
If market anomalies occur before or after settlement, which results in wide fluctuation of mark price or abnormal clawback rate, we reserve the right to advance / postpone settlement in extreme cases. We shall post an announcement beforehand regarding detailed arrangements.
