How are perpetual contracts settled on Mudrex?

Perpetual contracts on Mudrex are settled using a cash-settlement mechanism. There is no physical delivery of the underlying asset. Open positions are continuously marked to market, and when a position is closed or liquidated, PnL is calculated as the difference between the entry price and the exit (or liquidation) price, along with applicable funding payments and fees. The resulting PnL is settled in USDT and reflected directly in your account balance.