BTC futures settlement price

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2. Look at the detailed answer of my avatar. It's roughly the benchmark price of the day's trading margin and day's profit and loss settlement for the open position contract after the end of the day's trading. The day's settlement price refers to the weighted average price of the last hour's trading price of a futures contract according to the trading volume. The settlement price shall be calculated according to the arithmetic average price of the last two hours on the settlement day.

3. The settlement price of futures refers to the benchmark price for calculating and transferring the trading margin, profit and loss, handling charge, delivery payment and other relevant funds of members according to the trading results and relevant regulations of the exchange. It is also divided into the settlement price of the day and the settlement price of the last trading day
settlement formula

open position futures contracts are based on the settlement price of the day as the basis for calculating the profit and loss of the day

1. The profit and loss of the day can be calculated by item

the itemized settlement formula is: profit and loss of the day = profit and loss of closing position + profit and loss of position< (1) profit and loss of closing position = profit and loss of closing historical position + profit and loss of closing current day position

profit and loss of closing historical position = ∑ [(selling closing price - settlement price of the previous trading day) * selling volume] + ∑ [(settlement price of the previous trading day - buying closing price) * buying closing volume]

profit and loss of closing current day position = ∑ [(selling closing price of the current day - buying opening price of the current day) * selling closing volume] + ∑ [(selling opening price of the current day - trading price of the current day] (2) position profit and loss = historical position profit and loss + opening position profit and loss of the day

historical position profit and loss = (settlement price of the day - settlement price of the previous day) * position

opening position profit and loss of the day = ∑ [(opening price of selling - settlement price of the day) * opening position of selling] + ∑ [(settlement price of the day - opening price of buying) * opening position of buying]

(3) the profit and loss of the day can be integrated into the total formula

the profit and loss of the day = ∑ [(selling price - settlement price of the day) * selling volume] + ∑ [(settlement price of the day - buying price) * buying volume] + (settlement price of the previous trading day - settlement price of the day) * (selling position of the previous trading day - buying position of the previous trading day)

2 Calculation of margin balance

the balance of settlement reserve refers to the day's settlement reserve = settlement reserve of the previous trading day + deposit - deposit + trading margin of the previous trading day - trading margin of the current day + profit and loss of the current day - handling charges, etc.
the content of this article comes from the financial code of the people's Republic of China: application edition published by China Law Press

4. If you close out on that day, the settlement price has nothing to do with you. Your profit and loss are determined by the price difference between opening and closing positions. But if you don't close your position that day, it will be settled according to the settlement price. Instead of the closing price, this is to prevent the closing price from being manipulated, because as long as a large amount of money is invested in the last minute, it is easy to pull the closing price very high, so that the market is manipulated, which is unfair to many investors. So if you don't close your position that day, you don't settle at the closing price, but at the settlement price. The settlement price is calculated as the weighted average price of the contract concluded in the last two hours of the contract day, which can not be manipulated by others

5. The transaction price is the current price of the transaction at that time, and the settlement price is the weighted average price of the day. For example, the transaction situation of a certain futures variety on a certain day is as follows:

10 transactions in 2000, 5 transactions in 2020, 20 transactions in 1990, 15 transactions in 2010, and the settlement price is:
(2000) × 10+2020 × 5+1990 × 20+2010 × 15 ÷ 10 + 5 + 20 + 15) = 2001

the delivery price of the underlying goods on the maturity date is generally the weighted average price of all the transaction prices of the futures contract from the first trading day of the trading month to the last trading day. The settlement price of cash transfer shall be the price agreed by both parties

for details: http://www.dce.com.cn/portal/servlet/ServletGate?op=forward&cur_ page=DCEPage&target=infodetail&dc=%C6%DA%BB%F5%B7%A8%B9%E6&column=ROOT%3E%B7%C7%D2%B5%CE%F1%3E%CD%F8%D5%BE%3E%D6%D0%CE%C4%3E%C6%DA%BB%F5%B7%A8%B9%E6%3E%BD%BB%D2%D7%CB%F9%B9%E6%D5%C2%3E%D5%C2%B3%CC%BA%CD%B9%E6%D4%F2&infoid=1167369132100&infotype=CMS.STD

6. Settlement price: daily settlement system. It is to calculate the profit and loss of each open position according to the average price of the day as the settlement price after closing every day. At the same time, as the next day's limit down began to calculate the price. In other words, the settlement price is a theoretical price, and its purpose is to allocate the funds (margin) of both sides

according to the trading results and the relevant regulations of the exchange, the benchmark price for calculating and transferring the trading margin, profit and loss, handling charges, delivery payment and other relevant funds of members is the futures settlement price, which is also divided into the settlement price of the day and the settlement price of the last trading day.

7. The settlement price of futures is the benchmark price for daily trading margin and daily profit and loss settlement of open position contracts after the end of trading on the same day
the closing price is the price of the last transaction before the closing.

8. It should be ontc. This is an abbreviation.
1. Optical network technology alliance
2. Optical network technology cooperation plan
3. Ontario Northern Railway