Expiry and settlement
An Isometric position has a fixed end. Between open and that end nothing is required from you, and nothing can be done to you.
The settlement time
The ticket shows Settles as a date and an hour. Settlement lands on a fixed hour rather than exactly one, three, seven, or thirty days from the moment you click, so a "7 day" position can settle a few hours after exactly seven days. The exact time is on the ticket before you confirm and in Portfolio after.
New positions can be opened at any time, including the minutes around someone else's settlement. An expiry never pauses trading.
While the position is open
The position cannot be closed, resized, transferred, or liquidated. You can watch it in Portfolio, where each open position shows:
- Estimated value now, what the pool's own model says the position is worth at the current price. This is a guide, not a price you can sell at.
- Max payout, the most it can pay.
- The time remaining to settlement.
The pool set money aside for your payout when you opened, up to the full Max payout. It stays set aside until settlement, so the money to pay you is never in question.
At the settlement hour
One price decides the result: the last Chainlink price published at or before the settlement hour. Nobody chooses the price, including Isometric. There is only one such price, and the contract refuses any other.
The price is final as soon as the hour has passed. Anyone can then record it and settle every position at that hour in one go. Isometric runs a keeper that does it, normally within a minute or two. Until it lands the position shows Settling. A delay here does not change the result, because the price is already fixed.
If the feed had gone quiet before the hour, the first price published after it is used instead, and settlement waits for that price.
After settlement
| Status | What happened | What you do |
| Expired | The price finished on the wrong side of your worthless price | Nothing. The position paid nothing |
| Claimable | The price finished on your side and your payout is waiting | Wait for the automatic payment, or claim it yourself |
| Push failed | The automatic payment could not reach your wallet. The payout still waits | Claim it, to your wallet or to another address |
Payouts and claims explains how payouts arrive and when you need to claim.
What can delay settlement
- The keeper is behind. Anyone can settle, so a stalled keeper delays a payout rather than blocking it.
- The feed went quiet before the hour. Settlement then waits for the next price.
- Arbitrum itself is down. Nothing can be recorded until the network is producing blocks again.
None of these change what you are owed. Your payout is fixed by the settlement price, and the money backing it stays set aside until you receive it.