OKEx to Enable Margin Trading & Savings and List Perpetual for CONV/DORA/SKL/ENJ
OKX
関連タイプ: Others
2021-04-01 10:48
Dear users,
We are pleased to announce that CONV, DORA,SKL and ENJ margin trading and savings will be enabled at 9:00 am UTC on Apr. 1. USDT-margined perpetual swaps for CONV, DORA and ENJ 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: CONV/USDT, DORA/USDT, SKL/USDT, ENJ/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
CONVUSDT Perpetual Swap:
Feature
Details
Underlying
CONV/USDT Index
Settlement asset
USDT
Face value
10 CONV
Price quotation
1CONV 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
DORAUSDT Perpetual Swap:
Feature
Details
Underlying
DORA/USDT Index
Settlement asset
USDT
Face value
0.1 DORA
Price quotation
1DORA 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
ENJUSDT Perpetual Swap:
Feature
Details
Underlying
ENJ/USDT Index
Settlement asset
USDT
Face value
1 ENJ
Price quotation
1ENJ 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
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 Apr. 1 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 Apr. 2).
The price limit rules of CONV, DORA and ENJ 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
Apr. 1, 2021 (UTC)
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