Every derivative has two sides, one pays the other, and we publish the reserve where that money sits in between. When it is funded, profit lands instantly. When it is low, it waits in a public first-in-first-out line you can watch, and your margin never waits in any line, close a trade and it is yours.
Clearing is deciding what a closed trade is owed. Settlement is the money landing. What you are watching below is knockout settlements, everyone's, in order, as they happen.
| Time | From → to | Contract | Amount | Status |
|---|
Your F&O profits always came from the other side of the trade. Other venues hide where that money sits between the two of you. On knockouts it sits in the settlement reserve, published live.
Losing trades, and the depositors who back it for yield. Both are published, nothing about the reserve is taken on faith.
The flat fee per lot, that is the business. The reserve is not revenue, its money stays in the game, filling the next profit that settles. And it cannot decide what it owes you, the published rules do.
Your margin. Margin never enters clearing, it is never in the reserve's pot, and it is withdrawable the moment a trade closes.
Profit clears through a first-in, first-out settlement queue. Instant when the reserve is funded. When it backs up, your place in line is public and nobody jumps ahead. Watch the machine above long enough and you will see both states work.
A queued settlement is money you are owed, on the record. Not a haircut, not a review, just a line moving in order.
Most venues hide their worst days. Ours are part of the record, because a backed-up queue is a working state you can watch, not a secret.
| When | What happened | Deepest queue | Longest wait | Outcome |
|---|---|---|---|---|
| 28 Jun 2026 | A cluster of large BTC wins on one move | 3 settlements | 94 seconds | Cleared in order, in full |
| 12 Jun 2026 | One-sided book through a US data release | 14 settlements | 41 minutes | Cleared in order, in full |
That is the complete history. When the line forms again, it lands here before anyone asks, and if it forms while you watch, you will see it land.
The queue is only ever for profit. Margin never enters clearing, close a trade and it is withdrawable now. Here is what a close actually does, both directions.
Every rule on this page is visible in the machine above, no account needed. When you are ready, deposit small, take one trade, withdraw it.
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