OKX will List USDCUSDT Perpetual
We are pleased to announce that USDC USDT-margined perpetual swaps will be enabled at 8:00 am UTC on March. 12.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
USDCUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
USDC/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
10 USDC |
|
Price quotation |
1 USDC 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), -0.75%, 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 March 12 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 1.50% (the funding fee of this period will be charged at 8:00 am UTC on March 12).
The price limit rules of USDC USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.
USDT-margined perpetual swap trading: OKX Perpetual Swap Trading User Agreement
OKX
March 12, 2023 (UTC)