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OKX to list perpetual futures for NEIROETH, BRETT, CAT crypto

Published on Sep 6, 20243 min read

We are pleased to announce that USDT-margined perpetual futures for NEIROETH, BRETT, CAT will be enabled between 10:00 am to 10:30 am UTC on September 6, 2024.

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


I. Listing schedule

  1. NEIROETH/USDT perpetual futures trading will open at 10:00 am UTC on September 6, 2024.

  2. BRETT/USDT perpetual futures trading will open at 10:15 am UTC on September 6, 2024.

  3. CAT/USDT perpetual futures trading will open at 10:30 am UTC on September 6, 2024.


II. Perpetual futures trading

NEIROETHUSDT perpetual futures:

Features

Details

Underlying

NEIROETH/USDT index

Settlement crypto

USDT

Face value

100

Price quotation

1 NEIROETH value calculated in USDT equivalent

Tick size

0.00001

Leverage

0.01-20x

Funding fee

Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0

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

Trading hours

24/7

BRETTUSDT perpetual futures:

Features

Details

Underlying

BRETT/USDT index

Settlement crypto

USDT

Face value

100

Price quotation

1 BRETT value calculated in USDT equivalent

Tick size

0.00001

Leverage

0.01-50x

Funding fee

Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0

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

Trading hours

24/7

CATUSDT perpetual futures:

Features

Details

Underlying

CAT/USDT index

Settlement crypto

USDT

Face value

100000

Price quotation

1 CAT value calculated in USDT equivalent

Tick size

0.00000001

Leverage

0.01-20x

Funding fee

Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0

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

Trading hours

24/7



III. Index weights and constituents

NEIROETHUSDT perpetual futures:

Index constituents

Weightage

Bybit

42.86%

Gate

28.57%

MEXC

28.57%

BRETTUSDT perpetual futures:

Index constituents

Weightage

Bybit

42.86%

Gate

28.57%

Kucoin

28.57%

CATUSDT perpetual futures:

Index constituents

Weightage

Gate

25.00%

MEXC

25.00%

Kucoin

25.00%

BitMart

25.00%


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 September 6, 2024 is 0.03%. After 4:00 pm UTC on September 6, 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 8:00 pm UTC on September 6, 2024.)


The price limit rules of NEIROETH, BRETT, CAT 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

September 6, 2024