OKX to list coin-margined perpetual for SUI, and TON crypto

Published on 16 Oct 20242 min read

We are pleased to announce that coin-margined perpetual futures for SUI, and TON will be enabled at 7:00 am - 7:30 am UTC on October 18, 2024.

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

I. Listing schedule

  1. SUI/USD perpetual futures trading will open at 7:00 am UTC on October 18, 2024.

  2. TON/USD perpetual futures trading will open at 7:15 am UTC on October 18, 2024.


II. Perpetual futures trading

SUIUSD perpetual futures:

Features

Details

Underlying

SUI/USD index

Settlement crypto

SUI

Face value

10

Price quotation

1 SUI 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), -1.5%, 1.5%), Interest = 0

Note: Funding fees are received and deducted based on the current period.

Trading hours

24/7

TONUSD perpetual futures:

Features

Details

Underlying

TON/USD index

Settlement crypto

TON

Face value

10

Price quotation

1 TON value calculated in USD equivalent

Tick size

0.001

Leverage

0.01-20x

Funding fee

Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0

Note: Funding fees are received and deducted based on the current period.

Trading hours

24/7


III. Index weights and constituents

SUIUSD perpetual futures:

Index constituents

Weightage

Binance

30.76%

Bybit

23.07%

Gate

15.38%

OKX

30.76%

TONUSD perpetual futures:

Index constituents

Weightage

Bybit

27.27%

OKX

36.36%

Kucoin

18.18%

Gate

18.18%


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 October 18, 2024 is 0.03%. After 4:00 pm UTC on October 18, 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 October 19, 2024.)

The price limit rules of SUI, and TON 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

October 16, 2024