KNCUSD & KNCUSDT Perpetual Swap Soon Available
Dear valued customers,
We are pleased to announce that KNCUSD & KNCUSDT Perpetual Swap trading is officially live on the OKX website and API from 07:00 June 17, 2020 (UTC). Details as follows:
I. Specifications
KNCUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
KNC/USD Index |
|
Settlement Coin |
KNC |
|
Face Value |
USD10 |
|
Price Quotation |
1 KNC value calculated in USD equivalent |
|
Tick Size |
0.001 |
|
Leverage |
0.01-20x |
|
Funding Rate |
Clamp(MA(((best bid + best offer)／2 - spot index price) / spot index price - interest), -0.3%, 0.3%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
08:00 every day (UTC) |
KNCUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
KNC/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1 KNC |
|
Price Quotation |
1 KNC value calculated in USDT equivalent |
|
Tick Size |
0.001 |
|
Leverage |
0.01-20x |
|
Funding Rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.3%, 0.3%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
08:00 every day (UTC) |
The price limit rules for KNCUSD & KNCUSDT Perpetual Swap trading are the same as perpetual swap trading of other cryptocurrencies. Please refer to our perpetual swap trading guides for further details.
Coin-margined perpetual swap trading: OKX Coin Margined Perpetual Swap Trading User Agreement & Guide
USDT-margined perpetual swap trading: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide
II. Fee tier requirements
In order to offer a better trading experience and enhance the liquidity in the perpetual swap market, we will offer higher maker rebates for all cryptocurrencies other than 9 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX) by lowering the maker fee rates of all tiers by 0.020% based on the current fee schedules. We will also increase the taker fee rates of all tiers by 0.030% based on the current fee schedules.
Details as follows (30-day trading volume = total trading volume of all cryptocurrencies):
|
Normal User |
||||
|
Tier |
Total OKB Holding |
30-day Trading Volume (BTC) |
Maker Fee |
Taker Fee |
|
Lv1 |
< 500 |
< 5,000 |
0.000% |
0.080% |
|
Lv2 |
≥ 500 |
< 5,000 |
-0.002% |
0.075% |
|
Lv3 |
≥ 1,000 |
< 5,000 |
-0.003% |
0.070% |
|
Lv4 |
≥ 1,500 |
< 5,000 |
-0.004% |
0.065% |
|
Lv5 |
≥ 2,000 |
< 5,000 |
-0.005% |
0.060% |
|
VIP User |
|||
|
Tier |
30-day Trading Volume (BTC) |
Maker Fee |
Taker Fee |
|
VIP1 |
≥ 5,000 |
-0.010% |
0.060% |
|
VIP2 |
≥ 10,000 |
-0.015% |
0.060% |
|
VIP3 |
≥ 20,000 |
-0.020% |
0.060% |
|
VIP4 |
≥ 60,000 |
-0.025% |
0.060% |
|
VIP5 |
≥ 100,000 |
-0.028% |
0.060% |
|
VIP6 |
≥ 150,000 |
-0.030% |
0.060% |
|
VIP7 |
≥ 200,000 |
-0.035% |
0.060% |
(Note: The maker and taker fee rates for 9 major assets remain unchanged.)
Thank you for your support and we assure you of our best services at all times.
Regards,
OKX
June 15, 2020 (UTC)
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