PANews reported on March 26 that according to the official announcement, the daily settlement mechanism of OKX delivery contracts will be applied to BTC-USDT and BTC-USD delivery contracts under the full-position mode at 4:00 pm on March 29, 2025 (UTC+8).

Daily settlement mechanism: Settlement is carried out at 4:00 pm (UTC+8) every day. After the settlement is completed, the position settlement income will be included in the account available balance, the position opening average price will be updated to the most recent settlement price, and the position floating income will be calculated based on the new opening average price. There will be no fees for settlement and it will not affect the position size. The settlement price is the average of the mark price one hour before the settlement. Please note that the above settlement mechanism is only effective for full position.