OKX to list perpetual futures for EIGEN crypto
We are pleased to announce that USDT-margined perpetual futures for EIGEN will be enabled at 6:30 am UTC on October 1, 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
EIGENUSDT perpetual futures:
Features | Details |
Underlying | EIGEN/USDT index |
Settlement crypto | USDT |
Face value | 1 |
Price quotation | 1 EIGEN value calculated in USDT equivalent |
Tick size | 0.001 |
Leverage | 0.01-50x |
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 |
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 1, 2024 is 0.03%. After 4:00 pm UTC on October 1, 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 1, 2024.)
The price limit rules of EIGEN USDT-margined perpetual futures trading 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
October 1, 2024