XI、How Are Hotbit’s Perpetual Contracts Settled？

Hotbit’s Perpetual Contracts are settled daily at 08:00(UTC). The procedures are as follows:

1、Settlement of Gains and Losses：

Settled gains or losses will be calculated and settled as balance

The realized profits and losses of the day will be credited to your balance. Under Fixed margin mode, the RPL will be credited to the positions’ fixed margin; under Cross margin mode, the RPL will be credited to the balance of the contract trading account.

2. 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.

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 postpone settlement in extreme cases. We shall post an announcement beforehand regarding detailed arrangements.