Delivery of RPL (realized profit and loss)

Delivery of RPL (realized profit and loss)

At the time of Futures Contract Delivery (Every Friday at 16:00 (UTC +8)), RPL of weekly futures will be delivered to future account balance, and can be used to open positions or withdraw.

Settlement of UPL (unrealized profit and loss):

In addition to weekly futures delivery, the bi-weekly and quarterly futures will undergo settlement every Friday at 16:00 (UTC +8). UPL of bi-weekly or quarterly futures will be settled to RPL.

Forced liquidation Long/Short:

In fixed margin mode, if any position’s loss exceeds its own margin amount, a margin call will be triggered for that position only, and that position will be forced to close.

In cross margin mode, if the investor's loss exceeds the whole account equity (balance + RPL + UPL), a margin call will be triggered for all of the user’s future positions, and all of the user’s future positions will be forced to close.

Delivery Long/Short:

At the time of Contract delivery(Every Friday at 16:00(UTC +8)),the system will execute to close the positions on all opened weekly futures.The price will be the arithmetic mean value of the index of the preceding one hour before delivery.The profit and loss obtained after closing the position through delivery will be added into the realized profit and loss line item.

Liquidation Balance:

When a margin call is triggered, all open positions will be force liquidated according to a price that brings the account equity to 0. However, during the liquidation there might be a price difference between limit order price and the margin call price. The difference described above is known as the 'Margin Call Surplus'.

ADL mechanism:

OKX Futures uses an auto-deleveraging mechanism to control the platform's overall risk when extreme market conditions or force majeure lead to insufficient insurance funds.