OKX to Enable Margin Trading & Savings and List Perpetual for CETUS
We are pleased to announce that USDT-margined perpetual swaps for CETUS will be enabled at 11:00 am UTC on May 10,2023. CETUS margin trading and savings will be enabled at 4:00 am UTC on May 11,2023.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
I. Margin Trading and Savings
- Spot margin trading will be activated for following pairs: CETUS/USDT
- For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
- For the limits of savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
CETUSUSDT Perpetual Swap:
| Feature | Details |
|---|---|
| Underlying | CETUS/USDT Index |
| Settlement asset | USDT |
| Face value | 10 |
| Price quotation | 1 CETUS value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01~50x |
| 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 4:00 pm UTC on May 10 is 0.03%. After 4:00 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 May 11).
The price limit rules of CETUS 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
May 10, 2023 (UTC)