OKEx to Enable Margin Trading & Savings and List Perpetual for ALPHA/LUNA/FTM
OKX
Связанный тип: 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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