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What is the basis for the change of the closing price of stock index futures?
The closing price is the closing price at the closing time; But after five o'clock, it will be settled at the settlement price. The settlement price is the average transaction price in the last hour of the day.

Therefore, there is often a difference between the dynamic funds at the closing and the dynamic funds after settlement.

It doesn't matter which price is settled because the transaction can't be done after the close. After all, the market opened the next day. If the market opens the next day, it will be meaningless for you to settle at that price on the previous trading day.

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