OKX to list perpetual trading for ACH and SPELL crypto, along with their margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual futures for ACH will be enabled at 8:30 am UTC on February 22, 2024. ACH margin trading and Simple Earn will be enabled at 8:00 am UTC on February 22, 2024. Besides, USDT-margined perpetual futures for SPELL will be enabled at 10:30 am UTC on February 22, 2024. SPELL margin trading and Simple Earn will be enabled at 10:00 am UTC on February 22, 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: ACH/USDT and SPELL/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
ACHUSDT perpetual futures:
| Features | Details |
|---|---|
| Underlying | ACH/USDT index |
| Settlement asset | USDT |
| Face value | 100 |
| Price quotation | 1 ACH value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01-20x |
| Funding rate | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 |
| Trading hours | 24/7 |
SPELLUSDT perpetual futures:
| Features | Details |
|---|---|
| Underlying | SPELL/USDT index |
| Settlement asset | USDT |
| Face value | 10000 |
| Price quotation | 1 SPELL value calculated in USDT equivalent |
| Tick size | 0.0000001 |
| Leverage | 0.01-20x |
| Funding rate | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), 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 rate before 4:00 pm UTC on February 22, 2024 is 0.03%. After 4:00 pm UTC on February 22, 2024, the upper limit of the predicted funding rate will be adjusted back to normal 1.50% (the funding fee for this period will be charged at 12:00 am UTC on February 23, 2024).
The price limit rules of ACH and SPELL 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 22, 2024