When Do OKX Futures Contracts Settle?40

OKX offers a variety of futures contracts, each with its own unique settlement time. Understanding when these contracts settle is crucial for traders, as it affects when they can withdraw their profits or losses.

In this article, we will discuss the settlement times for all of the futures contracts offered on OKX. We will also provide some tips on how to choose the right settlement time for your trading needs.## What is Futures Settlement?

Futures settlement is the process of exchanging the underlying asset for the cash value of the contract. This process typically occurs on a specific date and time, which is known as the settlement date.

On the settlement date, the buyer of the contract will receive the underlying asset, while the seller of the contract will receive the cash value of the asset.## OKX Futures Contract Settlement Times

The settlement times for OKX futures contracts vary depending on the contract type. The following table lists the settlement times for all of the futures contracts offered on OKX:| Contract Type | Settlement Time (UTC) |
|---|---|
| BTCUSD Quarterly | Last Friday of the quarter at 08:00 |
| BTCUSD Weekly | Last Friday of the week at 08:00 |
| BTCUSD Daily | 08:00 daily |
| ETHUSD Quarterly | Last Friday of the quarter at 08:00 |
| ETHUSD Weekly | Last Friday of the week at 08:00 |
| ETHUSD Daily | 08:00 daily |
| USDT Perpetual | No settlement time |
## How to Choose the Right Settlement Time

When choosing a settlement time, traders should consider their trading needs. Traders who want to hold their contracts for a longer period of time may want to choose a quarterly or weekly contract. Traders who want to close their contracts quickly may want to choose a daily contract.

Traders should also consider the volatility of the underlying asset. If the underlying asset is highly volatile, traders may want to choose a shorter settlement time to avoid large losses.## Conclusion

Understanding when OKX futures contracts settle is crucial for traders. By choosing the right settlement time, traders can maximize their profits and minimize their losses.

2025-02-05

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