OKX to list perpetual futures for SWELL crypto
We are pleased to announce that USDT-margined perpetual futures for SWELL will be enabled at 9:00 am UTC on November 25, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
SWELL/USDT perpetual futures trading will open at 9:00 am UTC on November 25, 2024.
II. Perpetual futures trading
SWELLUSDT perpetual futures:
Swell Network is an ETH liquid staking protocol built specifically for stakers, node operators, and ecosystems such as L2 and Ethereum.
Asset name: Swell
Ticker: SWELL
Website: https://www.swellnetwork.io/
Twitter: https://x.com/swellnetworkio
Features | Details |
Underlying | SWELL/USDT index |
Settlement crypto | USDT |
Face value | 100 |
Price quotation | 1 SWELL 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), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Funding interval | 4 hours |
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 November 25, 2024 is 0.03%. After 4:00 pm UTC on November 25, 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 November 25, 2024.)
The price limit rules of SWELL 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
November 25, 2024