OKEx to Enable Margin Trading & Savings for STARL/GODS and List USDT-Margined Perpetual for KISHU/ELON/STARL/BABYDOGE/GODS
BRAZILIEX
関連タイプ: Others
2021-11-04 20:23
We are pleased to announce that STARL, GODS margin trading and savings will be enabled at 10:00 am UTC on Nov. 5. USDT-margined perpetual swaps for KISHU, ELON, STARL, BABYDOGE and GODS 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: STARL/USDT, GODS/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
KISHUUSDT Perpetual Swap:
Feature
Details
Underlying
KISHU/USDT Index
Settlement asset
USDT
Face value
1,000,000,000 KISHU
Price quotation
1KISHU value calculated in USDT equivalent
Tick size
0.000000000001
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
ELONUSDT Perpetual Swap:
Feature
Details
Underlying
ELON/USDT Index
Settlement asset
USDT
Face value
1,000,000 ELON
Price quotation
1ELON value calculated in USDT equivalent
Tick size
0.000000001
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
STARLUSDT Perpetual Swap:
Feature
Details
Underlying
STARL/USDT Index
Settlement asset
USDT
Face value
100,000 STARL
Price quotation
1STARL value calculated in USDT equivalent
Tick size
0.00000001
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
BABYDOGEUSDT Perpetual Swap:
Feature
Details
Underlying
BABYDOGE/USDT Index
Settlement asset
USDT
Face value
1,000,000,000 BABYDOGE
Price quotation
1 BABYDOGE value calculated in USDT equivalent
Tick size
0.000000000001
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
GODSUSDT Perpetual Swap:
Feature
Details
Underlying
GODS/USDT Index
Settlement asset
USDT
Face value
1 GODS
Price quotation
1GODS 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 Nov. 5 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 Nov. 6).
The price limit rules of KISHU, ELON, STARL, BABYDOGE and GODS 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
Nov. 5, 2021 (UTC)
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