OKX to Enable Margin Trading & Savings and List Perpetual for NEAR
Dear users,
We are pleased to announce that NEAR margin trading and savings feature will be enabled at 10:00 UTC December 21. USDT-margined Perpetual Swap for NEAR will list at the same time.
The updates will cover the Web, APP and API. Details are as follows:
I.Margin Trading and Savings
1.Spot margin trading will be activated for following pairs: NEAR /USDT, NEAR/BTC
2.For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
3.For the limits of Savings, please refer to the Business Rules for Savings after the official listing.
II.Perpetual Swap Trading
1.Perpetual Swap Introduction
NEARUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
NEAR/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
10NEAR |
|
Price Quotation |
1 NEAR 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 |
08:00 every day (UTC) |
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 (UTC) on December 21 is 0.03%. After 16:00, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00(UTC) on December 22)
The price limit rules of NEAR USDT-margined Perpetual Swap trading are 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 offer a ZERO transaction fee in the NEARUSDT perpetual trading in one month, for both Taker and Maker. The trading volume generated from zero-fee pairs will not be counted for the calculation of users' trading volume level.
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Dec 21, 2020 (UTC)
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