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OKX to list perpetual futures for EIGEN crypto

Published on Oct 1, 20242 min read

We are pleased to announce that USDT-margined perpetual futures for EIGEN will be enabled at 6:30 am UTC on October 1, 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

EIGENUSDT perpetual futures:

Features

Details

Underlying

EIGEN/USDT index

Settlement crypto

USDT

Face value

1

Price quotation

1 EIGEN value calculated in USDT equivalent

Tick size

0.001

Leverage

0.01-50x

Funding fee

Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0

Note: Funding fees are received and deducted based on the current period.

Trading hours

24/7

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 October 1, 2024 is 0.03%. After 4:00 pm UTC on October 1, 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 12:00 am UTC on October 1, 2024.)


The price limit rules of EIGEN 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

October 1, 2024