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OKEx to Enable Margin Trading & Savings and List Perpetual for ALPHA/LUNA/FTM

OKX

Jenis terkait: 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)    Click Here to Download OKEx App >>> Click Here for OKEx Twitter >>> Click Here to Join OKEx Official Community >>>