Adjustment of Perpetual Swap Tiered Maintenance Margin Ratio Schedule
Dear valued customers,
To further increase the position limits and enhance the market liquidity, we will increase the tiered maintenance margin ratio schedule of perpetual swaps listed in the table below on 10:00 July 16, 2020 (UTC).
After the adjustment, users can enjoy a higher position limit at the same tiered maintenance margin ratio. Details as follow:
Coin-margined perpetual swap：
|
Asset |
Basic risk limits before adjustment (contracts) |
Step size to next tier before adjustment (contracts) |
Basic risk limits after adjustment (contracts) |
Step size to next tier after adjustment (contracts) |
|
ETH |
10,000 |
20,000 |
20,000 |
40,000 |
|
ADA |
1,000 |
1,000 |
4,000 |
4,000 |
|
ALGO |
1,000 |
1,000 |
2,000 |
2,000 |
|
ATOM |
1,000 |
1,000 |
2,000 |
2,000 |
|
DASH |
1,000 |
1,000 |
2,000 |
2,000 |
|
IOST |
1,000 |
1,000 |
2,000 |
2,000 |
|
IOTA |
1,000 |
1,000 |
2,000 |
2,000 |
|
KNC |
1,000 |
1,000 |
2,000 |
2,000 |
|
LINK |
1,000 |
1,000 |
4,000 |
4,000 |
|
NEO |
1,000 |
1,000 |
2,000 |
2,000 |
|
ONT |
1,000 |
1,000 |
2,000 |
2,000 |
|
QTUM |
1,000 |
1,000 |
2,000 |
2,000 |
|
THETA |
1,000 |
1,000 |
2,000 |
2,000 |
|
XLM |
1,000 |
1,000 |
2,000 |
2,000 |
|
XMR |
1,000 |
1,000 |
2,000 |
2,000 |
|
XTZ |
1,000 |
1,000 |
2,000 |
2,000 |
|
ZEC |
1,000 |
1,000 |
2,000 |
2,000 |
USDT-margined perpetual swap：
|
Asset |
Basic risk limits before adjustment (contracts) |
Step size to next tier before adjustment (contracts) |
Basic risk limits after adjustment (contracts) |
Step size to next tier after adjustment (contracts) |
|
BTC |
1,000 |
10,000 |
2,000 |
10,000 |
|
ETH |
2,000 |
8,000 |
8,000 |
16,000 |
|
LTC |
500 |
2,000 |
2,000 |
4,000 |
|
EOS |
1,000 |
4,000 |
4,000 |
8,000 |
|
BCH |
1,000 |
4,000 |
4,000 |
8,000 |
|
ETC |
1,000 |
1,000 |
1,500 |
1,500 |
|
XRP |
1,000 |
2,000 |
5,000 |
5,000 |
|
TRX |
1,000 |
2,000 |
2,500 |
2,500 |
|
ADA |
1,000 |
1,000 |
3,000 |
3,000 |
|
ALGO |
1,000 |
1,000 |
5,000 |
5,000 |
|
ATOM |
1,000 |
1,000 |
5,000 |
5,000 |
|
COMP |
500 |
500 |
1,000 |
1,000 |
|
DASH |
2,000 |
2,000 |
3,000 |
3,000 |
|
DOGE |
1,000 |
1,000 |
5,000 |
5,000 |
|
IOST |
1,000 |
1,000 |
2,000 |
2,000 |
|
IOTA |
1,000 |
1,000 |
6,000 |
6,000 |
|
KNC |
1,000 |
1,000 |
10,000 |
10,000 |
|
LINK |
4,000 |
2,000 |
6,000 |
6,000 |
|
NEO |
1,000 |
1,000 |
2,000 |
2,000 |
|
ONT |
1,000 |
1,000 |
3,000 |
3,000 |
|
QTUM |
1,000 |
1,000 |
5,000 |
5,000 |
|
THETA |
1,000 |
1,000 |
6,000 |
6,000 |
|
XLM |
1,000 |
1,000 |
2,000 |
2,000 |
|
XMR |
1,000 |
1,000 |
2,000 |
2,000 |
|
XTZ |
1,000 |
1,000 |
5,000 |
5,000 |
|
ZEC |
1,000 |
1,000 |
3,000 |
3,000 |
Except for the assets listed in the table above, tiered maintenance margin ratio rules for perpetual swap in other currencies are not adjusted this time.
Tier Calculation:
|
Parameters |
Formula |
Example (BTCUSDT Perpetual Swap) |
|
Max. contracts for a tier |
Tier-1 max. open contracts + tiers increased * step size |
Tier 3: 1,000+2*10,000=21,000 |
|
Maintenance margin ratio for a tier |
Basic maintenance margin ratio + tiers increased * maintenance margin ratio increased |
Tier 3: 0.5% + 2 * 0.5% = 1.5% |
|
Initial margin ratio for a tier |
Basic initial margin ratio + tiers increased * initial margin ratio increased |
Tier 3: 1.0% + 2 * 0.5% = 2.0% |
|
Max. leverage level for a tier |
1 / initial margin ratio of the tier |
Tier 3: 1 / 2.0% = 50.00 |
Current Tier Maintenance Margin Ratio Schedule as follows:
Coin-margined and USDT-margined perpetual swap：https://www.OKX.com/derivatives/swap/position
Thank you for your continued support and we assure you of our best services at all times.
Regards,
OKX
July 16, 2020 (UTC)
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