OKX to List USDT-margined Perpetual for APT
Published on Oct 18, 20222 min read
Dear users,
We are pleased to announce that USDT-margined perpetual swaps for APT will be enabled at 01:20 am UTC on October. 19. The updates will cover both the web and app interfaces as well as API. The details are as follows:
APTUSDT Perpetual Swap:
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Feature
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Details
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Underlying
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APT/USDT Index
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Settlement asset
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USDT
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Face value
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1 APT
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Price quotation
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1 APT value calculated in USDT equivalent
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Tick size
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0.0001
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Leverage
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0.01-75 x
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Funding rate
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Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0
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Trading hours
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24/7
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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 pm UTC on October. 19 is 0.03%. After 16:00 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 October. 20).
The price limit rules of APT 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 USDT Margined Perpetual Swap Trading User Agreement & Guide
OKX
October. 18, 2022 (UTC)