OKX to list coin-margined perpetual for OP crypto
We are pleased to announce that Coin-margined perpetual futures for OP will be enabled at 8:30 am UTC on May 13, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Perpetual futures trading
OPUSD perpetual futures:
Features | Details |
Underlying | OP/USD index |
Settlement crypto | OP |
Face value | 10 USD |
Price quotation | 1 OP value calculated in USD equivalent |
Tick size | 0.0001 |
Leverage | 0.01-20x |
Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Trading hours | 24/7 |
Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on May 13, 2024 is 0.03%. After 4:00 pm UTC on May 13, 2024, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 12:00 am UTC on May 14, 2024.)
The price limit rules of OP Coin-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
Coin-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
May 13, 2024