OKX to Enable Margin Trading & Savings and List Perpetual for SWRV, SUN
Dear valued customers,
We are pleased to announce that SWRV and SUN margin trading and savings feature will be enabled at 11:00 on September 11, 2020 (UTC). USDT-margined Perpetual Swap for SWRV and SUN will be listed at the same time.
The updates will cover the Web, APP and API. Details are as follows:
I. Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: SWRV /USDT, SUN /USDT
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
1. Perpetual Swap Introduction
SWRVUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
SWRV/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1 SWRV |
|
Price Quotation |
1 SWRV value calculated in USDT equivalent |
|
Tick Size |
0.001 |
|
Leverage |
0.01-75 x |
|
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) |
SUNUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
SUN/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.1 SUN |
|
Price Quotation |
1 SUN value calculated in USDT equivalent |
|
Tick Size |
0.01 |
|
Leverage |
0.01-75 x |
|
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 of SWRV and SUN USDT-margined Perpetual Swap trading are the same as that 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
II. Fee tier requirements:
In order to offer a better trading experience and enhance the liquidity in the perpetual swap market, Transaction fee will now be different depending on instrument or underlying，SWRV and SUN USDT-margined Perpetual Swap will follow the Type II perpetual swap rate 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 |
0.015% |
0.030% |
|
Lv2 |
≥ 500 |
< 5,000 |
0.013% |
0.030% |
|
Lv3 |
≥ 1,000 |
< 5,000 |
0.012% |
0.030% |
|
Lv4 |
≥ 1,500 |
< 5,000 |
0.011% |
0.030% |
|
Lv5 |
≥ 2,000 |
< 5,000 |
0.010% |
0.030% |
|
VIP User |
|||
|
Tier |
30-day Trading Volume (BTC) |
Maker Fee |
Taker Fee |
|
VIP1 |
≥ 5,000 |
0.010% |
0.030% |
|
VIP2 |
≥ 10,000 |
0.005% |
0.028% |
|
VIP3 |
≥ 20,000 |
0.000% |
0.026% |
|
VIP4 |
≥ 60,000 |
-0.005% |
0.024% |
|
VIP5 |
≥ 100,000 |
-0.008% |
0.022% |
|
VIP6 |
≥ 150,000 |
-0.010% |
0.022% |
|
VIP7 |
≥ 200,000 |
-0.015% |
0.022% |
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Sep 11, 2020 (UTC)
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