Launch of real-time settlement for USDT-margined perpetual swaps and futures – Help center

To provide you with a better trading experience and improve your fund utilization, we’ll soon launch real-time settlement for all perpetual swaps, futures and options contracts. The real-time settlement of USDT-margined perpetual swaps and futures will officially start at 8:00-9:00 am UTC on Jan. 20, 2021.

Contract type	Currency
USDT-margined perpetual swap	BTC, LTC, ETH, ETC, XRP, EOS, BCH, BSV, TRX, LINK, DOT, 1INCH, ADA, AAVE, ALGO, ANT, ATOM, AVAX, BAL, BNT, BAND, BAT, BTM, BTT, COMP, CVC, CRV, DASH, DOGE, FIL, FLM, GRT, EGLD, IOST, IOTA, JST, KNC, KSM, LRC, MKR, NEO, NEAR, OMG, ONT, QTUM, REN, RSR, SNX, SRM, STORJ, SUN, SUSHI, SWRV, THETA, TRB, UMA, UNI, WAVES, WNXM, XLM, XMR, XTZ, YFI, YFII, ZEC, ZEN, ZIL, ZRX
USDT-margined future	BTC, LTC, ETH, ETC, XRP, EOS, BCH, BSV, TRX, LINK, DOT

As part of this product upgrade, your realized profits and losses will immediately be carried over to the account balance. You can withdraw your profits at any time, without needing to wait for settlement at a fixed time.

You’ll be able to experience the real-time settlement of USDT-margined perpetual swaps and futures through our API on desktop or mobile. Outlined below are changes that will be applied to the real-time settlement contract page on desktop and mobile:

1. Asset: The "Realized P&L" information will no longer be displayed, and the realized profit and loss generated by a transaction after the real-time settlement is still calculated in the account equity.

2. Position: "Settlement price", "Settled earnings" and "Unrealized P&L" information will no longer be displayed. The profit shown against the position after the real-time settlement is the unrealized profit and loss from the opening of the position to the current time.

3. Settlement records: New settlement records will not be generated after real-time settlement is implemented, but historical records will be supported.

Also, if a user holds a USDT-margined perpetual swap or future contract at 8:00 am UTC on Jan. 20, 2021, the average open price of the position will be changed to the settlement base price of the last settlement of those contracts. All realized profits and losses will also be transferred to the USDT-margined perpetual swaps and futures account balances. After these changes are completed, the profit and loss shown on the position will be cleared, and the profit will be recalculated according to the new opening average price from 8:00 am UTC on the same day.

In regards to the API, for derivatives transactions with real-time settlement function, the return value for the following position information interfaces and account information interfaces is "0":

Position information interface：

Contract Type	Information
Future	long_settlement_price、realised_pnl、short_settlement_price、short_unrealised_pnl、short_settled_pnl、long_unrealised_pnl、long_settled_pnl
Perpetual Swap	settlement_price、realized_pnl、settled_pnl
Option	settlement_price、realized_pnl、unrealized_pnl

Account information interface：

Contract Type	Information
Future	realized_pnl
Perpetual Swap	realized_pnl
Option	realized_pnl

Refer to our API document for more information.

Real-time settlement functionality for other currencies and business lines will be gradually launched in the future and updates will be provided separately. During the real-time settlement operation process, if the market (due to extreme market conditions or abnormal user manipulation) reflects accumulations of large liquidation orders and abnormal rapid consumption of risk reserves, the intelligent risk-control engine may temporarily close some or all user fund transfer functions of the corresponding contract accounts until the market returns to normal. Under extreme market conditions, the real-time settlement function of some contracts may also be turned off.

Regards,

OKEx
Jan 18, 2021 (UTC)

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