Planet News: According to the official announcement, OKX's daily settlement mechanism for delivery contracts will be applied to BTC-USDT and BTC-USD delivery contracts in cross margin mode on March 29, 2025, at 4:00 PM (UTC+8). Daily settlement mechanism introduction: Settlement will be conducted at 4:00 PM (UTC+8) daily. After settlement, position settlement earnings will be credited to the account's available balance, the position opening average price will be updated to the latest settlement price, and position floating earnings will be calculated based on the new opening average price. No fees will be charged for settlement, and it will not affect the position size. The settlement price will be the average mark price in the hour before settlement. Please note that the above settlement mechanism only applies to cross margin positions.