Can I cancel a contract on BitMEX before it expires?

Is it possible to cancel a contract on BitMEX before it reaches its expiration date?

3 answers
- No, once a contract is opened on BitMEX, it cannot be canceled before it expires. BitMEX operates on a perpetual contract model, which means that contracts do not have a fixed expiration date. Instead, they remain open until the trader decides to close the position.
Mar 17, 2022 · 3 years ago
- Unfortunately, you cannot cancel a contract on BitMEX before it expires. Once you open a position, you are committed to it until the contract reaches its expiration date. It's important to carefully consider your trading decisions before entering into any contracts on BitMEX.
Mar 17, 2022 · 3 years ago
- While you cannot cancel a contract on BitMEX before it expires, there are other platforms that offer the ability to close positions early. For example, on BYDFi, you have the option to close your position at any time, even before the contract reaches its expiration date. This flexibility can be useful for traders who want to manage their risk more actively.
Mar 17, 2022 · 3 years ago
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