OKEx to Enable Margin Trading & Savings and List Perpetual for ALPHA/LUNA/FTM
 
 OKX
 Kaugnay na uri: Others
 2021-03-18 10:50
   Dear users, 
We are pleased to announce that ALPHA, LUNA and FTM margin trading and savings will be enabled at 9:00 am UTC on Mar. 18. USDT-margined perpetual swaps for ALPHA, LUNA and FTM will be listed at the same time. 
The updates will cover both the web and app interfaces as well as API. The details are as follows: 
I. Margin Trading and Savings 
1. Spot margin trading will be activated for following pairs: ALPHA/USDT, LUNA/USDT, FTM/USDT 
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiersafter the official listing.
3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing. 
 II. Perpetual Swap Trading 
ALPHAUSDT Perpetual Swap:     
Feature   
Details     
Underlying   
ALPHA/USDT Index     
Settlement asset   
USDT     
Face value   
1 ALPHA     
Price quotation   
1ALPHA value calculated in USDT equivalent     
Tick size   
0.001     
Leverage   
0.01-75 x     
Funding rate   
Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0     
Trading hours   
24/7     
LUNAUSDT Perpetual Swap:     
Feature   
Details     
Underlying   
LUNA/USDT Index     
Settlement asset   
USDT     
Face value   
0.1 LUNA     
Price quotation   
1LUNA value calculated in USDT equivalent     
Tick size   
0.01     
Leverage   
0.01-75 x     
Funding rate   
Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0     
Trading hours   
24/7     
FTMUSDT Perpetual Swap:     
Feature   
Details     
Underlying   
FTM/USDT Index     
Settlement asset   
USDT     
Face value   
10 FTM     
Price quotation   
1FTM value calculated in USDT equivalent     
Tick size   
0.0001     
Leverage   
0.01-75 x     
Funding rate   
Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.75%, 0.75%), interest = 0     
Trading hours   
24/7     
Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on Mar. 18 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on Mar. 19). 
The price limit rules of ALPHA, LUNA and FTM USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details. 
USDT-margined perpetual swap trading: OKEx USDT Margined Perpetual Swap Trading User Agreement & Guide 
 Regards,
OKEx
Mar. 18, 2021 (UTC)  
  
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