OKX to enable margin trading and savings alongside listing perpetual swap for GRT
Dear users,
We are pleased to announce that GRT margin trading and savings features will be enabled from 10:00 am UTC on Dec. 20. The USDT-margined perpetual swap for GRT will also be listed at the same time.
The updates, detailed below, will apply to the web, app and API interfaces.
I.Margin Trading and Savings
1.Spot margin trading will be activated for the following pairs: GRT/USDT, GRT/BTC.
2.For details on tiered margin ratio, please refer to our guide on Margin Borrowing Position Tiersafter the official listing
3.For the limits in Savings, please refer to the Business Rules for Savingsafter the official listing
II..Perpetual Swap Trading
1.Perpetual Swap Introduction
GRTUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
GRT/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
10 GRT |
|
Price Quotation |
1 GRT value calculated in USDT equivalent |
|
Tick Size |
0.0001 |
|
Leverage |
0.01-75 x |
|
Funding Rate |
Clamp (MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
8:00 am UTC, daily |
Note: Premiums are unstable when new contracts are launched. To avoid unreasonable charges, the upper limit of the funding rate before 16:00 pm UTC on Dec. 20 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal, 0.75% (the funding fee for this period will be charged at 8:00 am UTC on Dec. 21).
The price limit rules for GRT USDT-margined perpetual swap is the same as that of other currencies. 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:
OKX will charge both takers and makers zero transaction fees for GRTUSDT perpetual swap trading for one month. The trading volume generated from zero-fee pairs will not be considered for the calculation of users' trading volume levels.
Thank you for your continued support.
Regards,
OKX
Dec. 20, 2020
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