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OKX to list perpetual futures for POPCAT crypto

Publicado el 29 ago 2024Lectura de 2 min

We are pleased to announce that USDT-margined perpetual futures for POPCAT will be enabled at 9:00 am UTC on August 29, 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

POPCATUSDT perpetual futures:

Features

Details

Underlying

POPCAT/USDT index

Settlement crypto

USDT

Face value

10

Price quotation

1 POPCAT value calculated in USDT equivalent

Tick size

0.0001

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

II. Index weights and constituents

POPCATUSDT perpetual futures:

Index constituents

Weightage

Bybit

42.86%

Gate

28.57%

MEXC

28.57%


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 August 29, 2024 is 0.03%. After 4:00 pm UTC on August 29, 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 8:00 pm UTC on August 29, 2024.)


The price limit rules of POPCAT 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

August 29, 2024