OKX to list perpetual for DEGEN, SLERF, and ARKM crypto, along with their margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual swaps for DEGEN, SLERF, and ARKM will be enabled between 8:00 am and 8:30 am UTC on November 21, 2024. Margin trading and Simple Earn for DEGEN, SLERF, and ARKM will be enabled between 10:00 am and 10:30 am UTC on November 21, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Margin trading and Simple Earn
Spot margin trading will be activated for the following pairs: DEGEN/USDT, SLERF/USDT, and ARKM/USDT. Listing time:
DEGEN/USDT: 10:00 am UTC on November 21, 2024
SLERF/USDT: 10:05 am UTC on November 21, 2024
ARKM/USDT: 10:10 am UTC on November 21, 2024
For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing.
For the limits of Simple Earn, please refer to the Introduction to OKX Simple Earn and Its Rules after the official listing.
II. Perpetual swap tradingListing time:
DEGENUSDT: 8:00 am UTC on November 21, 2024
SLERFUSDT: 8:15 am UTC on November 21, 2024
ARKMUSDT: 8:30 am UTC on November 21, 2024
DEGENUSDT perpetual swap:
Features | Details |
Underlying | DEGEN/USDT index |
Settlement asset | USDT |
Face value | 100 |
Price quotation | 1 DEGEN value calculated in USDT equivalent |
Tick size | 0.000001 |
Leverage | 0.01-50x |
Funding rate | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 |
Trading hours | 24/7 |
SLERFUSDT perpetual swap:
Feature | Details |
Underlying | SLERF/USDT index |
Settlement asset | USDT |
Face value | 10 |
Price quotation | 1 SLERF value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-50x |
Funding rate | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 |
Trading hours | 24/7 |
ARKMUSDT perpetual swap:
Feature | Details |
Underlying | ARKM/USDT index |
Settlement asset | USDT |
Face value | 1 |
Price quotation | 1 ARKM value calculated in USDT equivalent |
Tick size | 0.001 |
Leverage | 0.01 ~ 50x |
Funding rate | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 |
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 November 21, 2024 is 0.03%. After 4:00 pm UTC on November 21, 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 0:00 am UTC on November 22, 2024.)
The price limit rules of USDT-margined perpetual futures trading for DEGEN, SLERF, and ARKM are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
November 20, 2024