OKX to list perpetual for GPT crypto, along with its margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual futures for GPT will be enabled at 1:00 pm UTC on February 28, 2024. GPT margin trading and Simple Earn will be enabled at 4:00 am UTC on March 4, 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 pair: GPT/USDT.
- 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 futures trading
GPTUSDT perpetual futures:
| Features | Details |
|---|---|
| Underlying | GPT/USDT index |
| Settlement asset | USDT |
| Face value | 10 |
| Price quotation | 1 GPT value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01-50x |
| 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 February 28, 2024 is 0.03%. After 4:00 pm UTC on February 28, 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 February 29, 2024.)
The price limit rules of GPT 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
February 28, 2024