OKX to Enable Margin Trading & Savings and List Perpetual & Futures for YFI/YFII/DOT
Dear valued customers,
We are pleased to announce that YFI and YFII margin trading and savings feature will be enabled at 07:00 September 2, 2020 (UTC). USDT-margined Perpetual Swap for YFI and YFII will list at the same time. Coin-margined Perpetual Swap for YFI and DOT will list at the same time.
DOT Coin-margined Futures and USDT-margined Futures will be enabled at 09:00 September 3, 2020 (UTC).
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: YFI/USDT, YFII/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
YFIUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
YFI/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.0001 YFI |
|
Price Quotation |
1 YFI value calculated in USDT equivalent |
|
Tick Size |
1 |
|
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) |
YFIUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
YFI/USD Index |
|
Settlement Coin |
YFI |
|
Face Value |
USD 10 |
|
Price Quotation |
1 YFI value calculated in USD equivalent |
|
Tick Size |
1 |
|
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) |
YFIIUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
YFII/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.001 YFII |
|
Price Quotation |
1 YFII value calculated in USDT equivalent |
|
Tick Size |
0.1 |
|
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) |
DOTUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
DOT/USD Index |
|
Settlement Coin |
DOT |
|
Face Value |
USD 10 |
|
Price Quotation |
1 DOT 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), -0.3%, 0.3%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
08:00 every day (UTC) |
The price limit rules of YFI/YFII USDT-margined Perpetual Swap trading and YFI/DOT Coin-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
Coin-margined perpetual swap trading: OKX-Coin-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 10 major assets remain unchanged.)
III. Futures Trading
1. Futures Introduction
DOTUSD Futures:
|
Feature |
Details |
|
Underlying |
DOT/USD Index |
|
Settlement Coin |
DOT |
|
Face Value |
USD10 |
|
Price Quotation |
1 DOT value calculated in USD equivalent |
|
Tick Size |
0.001 |
|
Leverage |
0.01-75 x |
|
Contract expirations |
Weekly、Bi-weekly、Quarterly、Bi-quarterly |
|
Trading Hours |
7*24 |
|
Contract delivery time |
08:00 (UTC), Friday of the expiring week |
|
Settlement Time |
08:00 every day (UTC) |
DOTUSDT Futures:
|
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 |
0.01-75 x |
|
Contract expirations |
Weekly、Bi-weekly、Quarterly、Bi-quarterly |
|
Trading Hours |
7*24 |
|
Contract delivery time |
08:00 (UTC), Friday of the expiring week |
|
Settlement Time |
08:00 every day (UTC) |
The price limit rules for DOTUSD & DOTUSDT Futures trading are the same as Futures trading of other cryptocurrencies. Please refer to our Futures trading guides for further details.
Coin-margined Futures trading: OKX Coin Margined Futures Trading User Agreement & Guide
USDT-margined Futures trading: OKX USDT Margined Futures Trading User Agreement & Guide
2. Fee tier requirements:
In order to offer a better trading experience and enhance the liquidity in the market, we will set the DOT Futures contract fee rate according to the major assets standards (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX, LINK).
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(Swap) |
Taker Fee(Swap) |
Maker Fee(Futures) |
Taker Fee(Futures) |
|
Lv1 |
< 500 |
< 5000 |
0.020% |
0.050% |
0.020% |
0.050% |
|
Lv2 |
≥ 500 |
< 5000 |
0.018% |
0.045% |
0.018% |
0.045% |
|
Lv3 |
≥ 1000 |
< 5000 |
0.017% |
0.040% |
0.017% |
0.040% |
|
Lv4 |
≥ 1500 |
< 5000 |
0.016% |
0.035% |
0.016% |
0.035% |
|
Lv5 |
≥ 2000 |
< 5000 |
0.015% |
0.030% |
0.015% |
0.030% |
|
VIP User |
|||||
|
Tier |
30-day Trading Volume (BTC) |
Maker Fee(Swap) |
Taker Fee(Swap) |
Maker Fee(Futures) |
Taker Fee(Futures) |
|
VIP1 |
≥ 5000 |
0.010% |
0.030% |
0.015% |
0.030% |
|
VIP2 |
≥ 10000 |
0.005% |
0.030% |
0.010% |
0.030% |
|
VIP3 |
≥ 20000 |
0.000% |
0.030% |
0.005% |
0.030% |
|
VIP4 |
≥ 60000 |
-0.005% |
0.030% |
0.000% |
0.025% |
|
VIP5 |
≥ 100000 |
-0.008% |
0.030% |
-0.002% |
0.025% |
|
VIP6 |
≥ 150000 |
-0.010% |
0.030% |
-0.005% |
0.025% |
|
VIP7 |
≥ 200000 |
-0.015% |
0.030% |
-0.010% |
0.025% |
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Sep 1, 2020 (UTC)
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