OKX to List Coin-margined Perpetual for SOL/AVAX/MANA/SAND
We are pleased to announce that Coin-margined Perpetual for SOL/AVAX/MANA/SAND will be listed at 10:00 am UTC on November. 25.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
SOLUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
SOL/USD Index |
|
Settlement asset |
1SOL |
|
Face value |
USD10 |
|
Price quotation |
1SOL value calculated in USD 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), -0.75%, 0.75%), interest = 0 |
|
Trading hours |
24/7 |
AVAXUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
AVAX/USD Index |
|
Settlement asset |
1AVAX |
|
Face value |
USD10 |
|
Price quotation |
1AVAX value calculated in USD 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), -0.75%, 0.75%), interest = 0 |
|
Trading hours |
24/7 |
MANAUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
MANA/USD Index |
|
Settlement asset |
1MANA |
|
Face value |
USD10 |
|
Price quotation |
1MANA value calculated in USD equivalent |
|
Tick size |
0.0001 |
|
Leverage |
0.01-75 x |
|
Funding rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading hours |
24/7 |
SANDUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
SAND/USD Index |
|
Settlement asset |
1SAND |
|
Face value |
USD10 |
|
Price quotation |
1SAND value calculated in USD equivalent |
|
Tick size |
0.0001 |
|
Leverage |
0.01-75 x |
|
Funding rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading hours |
24/7 |
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 November. 25 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on November. 26).
The price limit rules of SOL/AVAX/MANA/SAND Coin-margined perpetual swap trading are the same as those of other currencies. 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
Regards,
OKX
November. 25, 2021 (UTC)
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