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OKX will List USDCUSDT Perpetual

Publicado el 12 mar 2023lectura de 2 min

We are pleased to announce that USDC USDT-margined perpetual swaps will be enabled at 8:00 am UTC on March. 12.

The updates will cover both the web and app interfaces as well as API. The details are as follows:

USDCUSDT Perpetual Swap:

Feature

Details

Underlying

USDC/USDT Index

Settlement asset

USDT

Face value

10 USDC

Price quotation

1 USDC 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), -0.75%, 0.75%), interest = 0

Trading hours

24/7

Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 16:00 pm UTC on March 12 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 1.50% (the funding fee of this period will be charged at 8:00 am UTC on March 12).

The price limit rules of USDC USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.

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

OKX

March 12, 2023 (UTC)