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Is there a time limit for holding a position on BitMEX?

avatarBoss GamingDec 24, 2021 · 3 years ago3 answers

I would like to know if there is a time limit for holding a position on BitMEX. Is there a specific duration that I can hold a position before it expires?

Is there a time limit for holding a position on BitMEX?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Yes, there is a time limit for holding a position on BitMEX. The duration depends on the type of contract you are trading. For perpetual contracts, there is no expiration date, so you can hold the position indefinitely. However, for futures contracts, there is an expiration date, and you need to close your position before that date to avoid settlement. It's important to check the contract specifications for the specific time limit for each contract on BitMEX.
  • avatarDec 24, 2021 · 3 years ago
    Absolutely! BitMEX imposes a time limit on holding positions to ensure the smooth operation of the platform. The time limit varies depending on the type of contract you are trading. Perpetual contracts have no expiration date, allowing you to hold your position for as long as you want. On the other hand, futures contracts have a fixed expiration date, and you must close your position before that date to avoid any complications. Make sure to familiarize yourself with the contract details to stay within the time limit.
  • avatarDec 24, 2021 · 3 years ago
    Yes, there is a time limit for holding a position on BitMEX. However, it's important to note that I am affiliated with BYDFi, not BitMEX. For specific information about BitMEX's time limits, I recommend referring to their official documentation or contacting their customer support. It's always a good practice to stay informed about the time limits and other trading rules of the platform you are using to ensure a smooth trading experience.