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Can you hold a position indefinitely on BitMEX?

avatarTristar Deck and FenceDec 16, 2021 · 3 years ago3 answers

Is it possible to keep a position open indefinitely on BitMEX?

Can you hold a position indefinitely on BitMEX?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    No, BitMEX does not allow positions to be held indefinitely. The platform operates on a perpetual contract model, which means that positions are automatically rolled over at regular intervals. This ensures that there is no expiration date for positions, but it also means that you cannot hold a position open indefinitely. Each contract has a funding rate that is applied periodically to adjust the position's value and prevent any imbalances. It's important to be aware of these rollover and funding mechanisms when trading on BitMEX to avoid any unexpected consequences.
  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, you cannot hold a position indefinitely on BitMEX. The platform is designed to operate with perpetual contracts, which require positions to be rolled over periodically. This mechanism ensures that positions are continuously adjusted and prevents any imbalances in the market. While this means that you cannot keep a position open indefinitely, it also offers the advantage of not having to worry about expiration dates. Make sure to consider the rollover and funding rates when trading on BitMEX to effectively manage your positions.
  • avatarDec 16, 2021 · 3 years ago
    No, you cannot hold a position indefinitely on BitMEX. The platform follows a perpetual contract model, which means that positions are automatically rolled over at regular intervals. This ensures that there is no fixed expiration date for positions, but it also means that you need to actively manage your positions. BitMEX's funding mechanism adjusts the position's value periodically, which helps maintain balance in the market. It's important to stay informed about these rollover periods and funding rates to effectively trade on BitMEX.