Margin Trading, Savings and USDT-margined Perpetual Swap for ZRX/MKR/SNX/ANT Soon Available
Dear valued customers,
We are pleased to announce that Margin Trading, Savings and USDT-margined Perpetual Swap for ZRX/MKR/SNX/ANT is officially live on the OKX website and API from 07:00 Aug 21, 2020 (UTC). Details as follows:
I. Margin Trading and Savings
1. Trading pairs of ZRX/MKR/ANT against USDT & BTC and SNX against USDT will be available for spot margin trading;
2. For the tiered margin ratio system for spot margin trading, please refer to the Margin Borrowing Position Tiersafter the launch.
3. For the rules for limits about Savings, please refer to the Business Rules for Savingsafter the launch.
II. USDT-margined Perpetual Swap Trading
1. Perpetual Swap Introduction
ZRXUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
ZRX/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
10 ZRX |
|
Price Quotation |
1 ZRX value calculated in USDT equivalent |
|
Tick Size |
0.0001 |
|
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) |
MKRUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
MKR/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.01 MKR |
|
Price Quotation |
1 MKR value calculated in USDT equivalent |
|
Tick Size |
0.1 |
|
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) |
SNXUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
SNX/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1 SNX |
|
Price Quotation |
1 SNX 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) |
ANTUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
ANT/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1 ANT |
|
Price Quotation |
1 ANT 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 ZRX/MKR/SNX/ANT USDT-margined Perpetual Swap trading are the same as perpetual swap trading of other cryptocurrencies. 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
2. 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 10 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX, LINK) 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 continued support and we assure you our best services at all times.
Regards,
OKX
Aug 20, 2020 (UTC)
Click Here to Download OKX App >>>