OKX's Announcement on the Adjustment of the FILUSDT Perpetual Swap Index Components and Funding Fee Rules
Dear OKX users:
The Filecoin mainnet was launched on October 15, 2020 (HKT), and mainstream exchanges have launched the FIL mainnet token pair. According to our previous announcement "OKX's announcement on the adjustment of FILUSDT perpetual swap before and after the Filecoin mainnet launch", we will make the following adjustments to FILUSDT perpetual swap:
1. Index Components Adjustment
1) Current Index components
|
Exchange |
Trading Pair |
Weight |
|
Gate.io |
FIL6/USDT |
33.3% |
|
Poloniex |
XFIL/USDT |
33.3% |
|
OKX |
FILUSDT Perpetual |
33.3% |
2) Binance FIL/USDT, Huobi FIL/USDT and Coinlist FIL/USDT will be added to the existing components at 04:00 (UTC) on October 16, 2020. At that time, the index components will be as follows:
|
Exchange |
Trading Pair |
Weight |
|
Coinlist |
FIL／USDT |
16．66% |
|
Binance |
FIL／USDT |
16．66% |
|
Huobi |
FIL／USDT |
16．66% |
|
Gate.io |
FIL6/USDT |
16．66% |
|
Poloniex |
XFIL/USDT |
16．66% |
|
OKX |
FILUSDT Perpetual |
16．66% |
3) At 05:00 (UTC) on October 16, 2020, the Gate, Poloniex, and OKX perpetual components in the index components will be removed. At that time, the index components are as follows:
|
Exchange |
Trading Pair |
Weight |
|
Coinlist |
FIL／USDT |
33．33% |
|
Binance |
FIL／USDT |
33．33% |
|
Huobi |
FIL／USDT |
33．33% |
2. Funding Rate rules
At 08:00 on October 16, 2020 (UTC), the funding fee rules will be adjusted according to the following rules:
|
Before adjustment |
After adjustment |
|
Funding rate=Clamp(MA((（Best Buy Price + Best Sell Price）／2-spot index price)／spot index price - Interest), -0.1%, 0.1%) |
Funding rate =Clamp(MA((（Best Buy Price + Best Sell Price）／2-spot index price)／spot index price -Interest), -0.75%, 0.75%) |
In addition, as the price volatility of FIL is relatively high during the index components adjustment, please take necessary measures when trading FILUSDT perpetual contract, such as reducing positions, adding margin and lowering the leverage to avoid potential risks caused by market volatility.
Thank you for your continued support and we assure you our best services at all times.
Regards
OKX
Oct 16, 2020
Click Here to Download OKX App >>>