OKX to Enable Margin Trading & Savings and List Perpetual for WLD
We are pleased to announce that USDT-margined perpetual swaps for WLD will be enabled at 12:00 pm UTC on July 24. WLD margin trading and savings will be enabled at 4:00 am UTC on July 25.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
I. Margin Trading and Savings
- Spot margin trading will be activated on July 25 for the following pairs: WLD/USDT
- For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
- For the limits of savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
WLDUSDT Perpetual Swap:
| Feature | Details |
|---|---|
| Underlying | WLD/USDT Index |
| Settlement asset | USDT |
| Face value | 1 |
| Price quotation | 1 WLD value calculated in USDT equivalent |
| Tick size | 0.0001 |
| Leverage | 0.01~75x |
| 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 July 24 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 July 25).
The price limit rules of WLD 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
July 24, 2023 (UTC)