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Margin Trading, Savings and USDT-margined Perpetual Swap for ZRX/MKR/SNX/ANT Soon Available

Publicado el 20 ago 2020Lectura de 4 min

Dear valued customers,

We are pleased to announce that Margin Trading, Savings and USDT-margined Perpetual Swap for ZRX/MKR/SNX/ANT is officially live on the OKX website and API from 07:00 Aug 21, 2020 (UTC). Details as follows:

I. Margin Trading and Savings

1. Trading pairs of ZRX/MKR/ANT against USDT & BTC and SNX against USDT will be available for spot margin trading;
2. For the tiered margin ratio system for spot margin trading, please refer to the Margin Borrowing Position Tiersafter the launch.
3. For the rules for limits about Savings, please refer to the Business Rules for Savingsafter the launch.

II. USDT-margined Perpetual Swap Trading

1. Perpetual Swap Introduction

ZRXUSDT Perpetual Swap:

Feature

Details

Underlying

ZRX/USDT Index

Settlement Coin

USDT

Face Value

10 ZRX

Price Quotation

1 ZRX value calculated in USDT equivalent

Tick Size

0.0001

Leverage

0.01-20x

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

MKRUSDT Perpetual Swap:

Feature

Details

Underlying

MKR/USDT Index

Settlement Coin

USDT

Face Value

0.01 MKR

Price Quotation

1 MKR value calculated in USDT equivalent

Tick Size

0.1

Leverage

0.01-20x

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

SNXUSDT Perpetual Swap:

Feature

Details

Underlying

SNX/USDT Index

Settlement Coin

USDT

Face Value

1 SNX

Price Quotation

1 SNX value calculated in USDT equivalent

Tick Size

0.001

Leverage

0.01-20x

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

ANTUSDT Perpetual Swap:

Feature

Details

Underlying

ANT/USDT Index

Settlement Coin

USDT

Face Value

1 ANT

Price Quotation

1 ANT value calculated in USDT equivalent

Tick Size

0.001

Leverage

0.01-20x

Funding Rate

Clamp(MA(((best bid + best offer) / 2 - spot index price)/spot index price - interest), -0.3%, 0.3%), interest = 0

Trading Hours

7*24

Settlement Time

08:00 every day (UTC)

The price limit rules for ZRX/MKR/SNX/ANT USDT-margined Perpetual Swap trading are the same as perpetual swap trading of other cryptocurrencies. Please refer to our perpetual swap trading guides for further details.

USDT-margined perpetual swap trading: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide

2. Fee tier requirements:

In order to offer a better trading experience and enhance the liquidity in the perpetual swap market, we will offer higher maker rebates for all cryptocurrencies other than 10 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX, LINK) by lowering the maker fee rates of all tiers by 0.020% based on the current fee schedules. We will also increase the taker fee rates of all tiers by 0.030% based on the current fee schedules.

Details as follows (30-day trading volume = total trading volume of all cryptocurrencies):

Normal User

Tier

Total OKB Holding

30-day Trading Volume (BTC)

Maker Fee

Taker Fee

Lv1

< 500

< 5,000

0.000%

0.080%

Lv2

≥ 500

< 5,000

-0.002%

0.075%

Lv3

≥ 1,000

< 5,000

-0.003%

0.070%

Lv4

≥ 1,500

< 5,000

-0.004%

0.065%

Lv5

≥ 2,000

< 5,000

-0.005%

0.060%

VIP User

Tier

30-day Trading Volume (BTC)

Maker Fee

Taker Fee

VIP1

≥ 5,000

-0.010%

0.060%

VIP2

≥ 10,000

-0.015%

0.060%

VIP3

≥ 20,000

-0.020%

0.060%

VIP4

≥ 60,000

-0.025%

0.060%

VIP5

≥ 100,000

-0.028%

0.060%

VIP6

≥ 150,000

-0.030%

0.060%

VIP7

≥ 200,000

-0.035%

0.060%

(Note: The maker and taker fee rates for 9 major assets remain unchanged.)

Thank you for your continued support and we assure you our best services at all times.

Regards,
OKX
Aug 20, 2020 (UTC)

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