Settlement
Futures come with four maturities:
- Perpetual: Never expire
- Monthly: Expiring the last Friday of every month.
- Quarterly: Expiring the last Friday of the month on the March quarterly cycle (March, June, September and December).
- Semiannual: Expiring the last Friday of the month on the March quarterly cycle (March, June, September and December). Semiannual maturity is available for FI_BTCUSD and FI_ETHUSD contracts only.
Fixed maturity contract positions that are held to maturity are cash settled at the price set by our Index Provider.
Positions can be exited at any time before maturity by trading out of the position.
Inverse fixed maturity contracts mature on Fridays at 16:00 London time and settle within 15 minutes afterwards based on the reference rate computed from the Index Provider.
More detail on Inverse fixed maturity contract specifications
Linear fixed maturity contracts mature on Fridays at 8:00 UTC and settle within 15 minutes afterwards based on the Settlement Rate computed from the Index Provider
More detail on Linear fixed maturity contract specifications