Announcement

    OKEx to List Coin-margined Perpetual Swap for 1INCH/BTT/GRT/KSM

    Dear users,

    We are pleased to announce that Coin-margined Perpetual Swap for

    1INCH

    /

    BTT

    /

    GRT

    /

    KSM

     will be listed at 9:00 am UTC on Apr. 9.

    The updates will cover both the web and app interfaces as well as API. The details are as follows:

    1INCH

    USD Perpetual Swap:

    Feature

    Details

    Underlying

    1INCH

    /USD Index

    Settlement Coin

    1INCH

    Face Value

    USD10

    Price Quotation

    1

    1INCH

     value calculated in USD equivalent

    Tick Size

    0.0001

    Leverage

    0.01

    -75x

    Funding Rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), 3%, 3%), interest = 0

    Trading Hours

    24/7

    BTT

    USD Perpetual Swap:

    Feature

    Details

    Underlying

    BTT

    /USD Index

    Settlement Coin

    BTT

    Face Value

    USD10

    Price Quotation

    1

    BTT

     value calculated in USD equivalent

    Tick Size

    0.0000001

    Leverage

    0.01

    -75x

    Funding Rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), 3%, 3%), interest = 0

    Trading Hours

    24/7

    GRT

    USD Perpetual Swap:

    Feature

    Details

    Underlying

    GRT

    /USD Index

    Settlement Coin

    GRT

    Face Value

    USD10

    Price Quotation

    1

    GRT

     value calculated in USD equivalent

    Tick Size

    0.0001

    Leverage

    0.01

    -75x

    Funding Rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), 3%, 3%), interest = 0

    Trading Hours

    24/7

    KSM

    USD Perpetual Swap:

    Feature

    Details

    Underlying

    KSM

    /USD Index

    Settlement Coin

    KSM

    Face Value

    USD10

    Price Quotation

    1

    KSM

     value calculated in USD equivalent

    Tick Size

    0.01

    Leverage

    0.01

    -75x

    Funding Rate

    Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), 3%, 3%), 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. 9 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 3% (the funding fee of this period will be charged at 8:00 am UTC on Apr. 10).

    The price limit rules of

    1INCH

    /

    BTT

    /

    GRT

    /

    KSM

     Coin-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.

    Coin-margined perpetual swap trading: 

    OKEx

    -Coin-Margined-Perpetual-Swap-Trading-User-Agreement-Guide

    Regards,

    OKEx

    Apr. 9, 2021 (UTC)

        Click Here to Download

    OKEx

    App >>> Click Here for

    OKEx

    Twitter >>> Click Here to Join

    OKEx

    Official Community >>>