Margin Trading and Savings for DOT And DOTUSDT Perpetual Swap Now Available Again
Dear valued customers,
We are pleased to announce that Margin Trading & Savings for DOT and DOTUSDT Perpetual Swap trading is officially live on the OKX website and API from 07:00 Aug 25, 2020 (UTC). Details as follows:
I. Margin Trading and Savings for DOT
1. Trading pairs of DOT 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. DOTUSDT Perpetual Swap Trading
1. DOTUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
DOT/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
1 DOT |
|
Price Quotation |
1 DOT 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) |
In particular, the following design will be adopted for the new DOT/USDT index:
|
Exchange |
Trading Pairs |
Weigh |
|
Binance |
DOT/USDT |
33.3% |
|
Huobi |
DOT/USDT |
33.3% |
|
OKX |
DOT/USDT |
33.3% |
The price limit rules for DOTUSDT Perpetual Swap trading are the same as perpetual swap trading of other cryptocurrencies. Please refer to our perpetual swap trading guides for further details: OKX USDT Margined Perpetual Swap Trading User Agreement & Guide
After the new contract is launched, the current users’ assets in DOTUSDT perpetual accounts will not be affected. The original DOTUSDT Perpetual Swap historical orders and bills will no longer be queried. If you have the need to back up the data, please download it in the [Report Center] on PC in time.
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 10 major assets remain unchanged.)
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Aug 24, 2020 (UTC)
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