What happens if I cancel a contract on BitMEX before the settlement date?

3 answers

• Shruti PingeSep 14, 2023 · 3 years ago
  If you cancel a contract on BitMEX before the settlement date, the consequences will depend on the specific terms and conditions of the contract. In most cases, canceling a contract before the settlement date means that you will not receive any profits or losses associated with that contract. Your investment will be returned to you, but you will not be able to participate in any potential gains or losses that may occur after the settlement date.
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• Deepesh PatelJan 08, 2024 · 2 years ago
  Canceling a contract on BitMEX before the settlement date is like leaving the party early. You may get your initial investment back, but you'll miss out on any potential profits or losses that could have happened if you stayed until the end. It's important to carefully consider the implications of canceling a contract before making a decision.
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• ChenQI5Dec 22, 2021 · 4 years ago
  When you cancel a contract on BitMEX before the settlement date, you will not be able to receive any profits or losses associated with that contract. BitMEX operates on a mark-to-market system, which means that your position is constantly being revalued based on the current market price. If you cancel your contract before the settlement date, your position will be closed and you will not be able to participate in any further price movements or receive any profits or losses.
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