For derivatives contracts (excluding options contracts), BIT adopts a daily settlement system, whereby the profit and loss (including realized profit and loss, RPL and unrealized profit and loss, UPL) of the contracts generated in the previous session are summarized and settled at 8:00 UTC every day. Once settled, the user will be free to dispose of the profits generated in the previous session and BIT will move on to the next session.
The daily settlement system provides users with more flexibility in their earnings, allowing them to withdraw their profits in advance instead of having to wait for delivery/closing of their positions, thus improving capital utilization.
Daily Settlement Price
For daily settlement of BIT contracts, the unrealized profit and loss of the contract are settled at the mark price of the underlying product at 8:00 AM UTC of the day. At the end of each session, the platform will summarize the profit and loss of the user's trading activities in the session, and settle them to the cash balance.
After settlement, the realized and unrealized profit and loss for the session will be cleared and BIT will start the next session.
Note: You can visit the Settlement page of the Data Info to view the daily settlement prices of the contracts.