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How long can you keep a position open on BitMEX?

avatarCoyle MaysDec 27, 2021 · 3 years ago3 answers

What is the maximum duration for keeping a position open on BitMEX?

How long can you keep a position open on BitMEX?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    On BitMEX, the maximum duration for keeping a position open depends on the type of contract you are trading. For perpetual contracts, there is no expiration date, so you can keep your position open indefinitely. However, it's important to note that there are funding fees associated with holding positions overnight. For futures contracts, the duration varies based on the contract's expiration date. You can check the contract specifications on the BitMEX website to find out the specific expiration date for each contract.
  • avatarDec 27, 2021 · 3 years ago
    Keeping a position open on BitMEX is a flexible process. Perpetual contracts allow you to hold a position for as long as you want, without any specific expiration date. This gives you the freedom to trade at your own pace and take advantage of market opportunities. However, it's important to consider the funding fees that are charged every 8 hours for holding positions overnight. Make sure to factor in these fees when deciding how long to keep a position open.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to keeping a position open on BitMEX, it's important to understand the different contract types. Perpetual contracts have no expiration date, allowing you to hold a position for as long as you want. However, funding fees are charged every 8 hours for holding positions overnight. On the other hand, futures contracts have specific expiration dates, and you can only keep a position open until the contract expires. It's always a good idea to check the contract specifications and consider your trading strategy before deciding how long to keep a position open.