How often is the permanent contract settled?
In the stock market, permanent contracts are settled every 8 hours. Under normal circumstances, the permanent contract is settled three times a day for eight hours each time. Perpetual contracts will transfer realized gains and losses and unrealized gains and losses to the user account balance after each settlement. At the time of liquidation, realized gains and losses arising from user transactions will increase or decrease in this project. Depending on the exchange, it may be settled twice or three times a day. Unlike ordinary futures contracts that are settled once a week, perpetual contracts adopt a daily settlement mechanism.
Is there a trading time limit for permanent contracts?
A permanent contract has no trading time limit and can be opened or closed at any time. However, it should be noted that the delivery contract can only be closed 10 minutes before delivery and cannot be opened. During the settlement period, the transaction will be interrupted, and the length of interruption depends on the settlement time of the system. There is only one contract under a variety, and there is no current week, second week or quarter.
For investors, because there is no delivery date limit, perpetual contracts can avoid repeated opening steps brought by delivery, which is beneficial to investors to avoid delaying the market and avoiding the handling fee brought by repeated opening.
The balance of perpetual contract account refers to the monetary amount held by users in perpetual contract account, including the monetary amount transferred from monetary account to perpetual contract account. Permanent contracts are derivatives of digital assets. Users can judge the ups and downs, and choose to buy long contracts or sell short contracts, so as to obtain the gains from the rise or fall of digital asset prices.