Wallets&Exchanges

Delisting of Illiquid Perpetual Contracts

On 18 January 2024 at 12:00 UTC, we will delist two perpetual swap contracts (please see the list below). The contracts will be settled early at 12:00 UTC on 18 January 2024 ( “Tsettle”), according to the standard practice described in our Exchange Guide.

Contract to be delisted

Settlement Price

BONEUSD

.BBONE30M

BONEUSDT

.BBONET30M

The decision to delist these contracts has been made due to insufficient trading interest in these contracts.

The timeline for the delisting process will be as follows:

The contracts will trade as normal until 04:00 UTC on 18 January 2024(“Tstart”).

At Tstart 04:00 UTC on 18 January 2024:

The Funding Rate, F0,will be calculated as normal using prices from the previous eight  hours  
After Tstart, the Funding Rate will no longer be calculated and the next Funding Rate set to 0
The relevant Contract Specification pages will display early settlement information

At Tsettle 12:00 UTC on 18 January 2024:

The relevant contracts will expire, all trading will cease, and all open orders will be canceled
Funding, calculated using F0,will be exchanged (longs pay shorts if F0 > 0 and shorts pay longs if F0<0)
All open positions in the relevant contracts will be closed out using the relevant Settlement Prices
No fees will be charged for settlement
Once a contract has expired, the lifetime profit and loss of that contract will be added to the user’s Bitcoin balance, and this contract will no longer appear on the Positions section

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In the meantime, if you have any questions please contact Support

The post Delisting of Illiquid Perpetual Contracts appeared first on BitMEX Blog.

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