OKX to list perpetual for LSK crypto, along with its margin trading and Simple Earn

Published on Jan 30, 2024Updated on Apr 4, 20242 min read

We are pleased to announce that USDT-margined perpetual futures for LSK will be enabled at 8:00 am UTC on January 30, 2024. LSK margin trading and Simple Earn will be enabled at 7:30 am UTC on January 30, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Margin trading and Simple Earn

  1. Spot margin trading will be activated for the following pair: LSK/USDT.
  2. For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing.
  3. For the limits of Simple Earn, please refer to the Introduction to OKX Simple Earn and Its Rules after the official listing.

II. Perpetual futures trading
LSKUSDT perpetual futures:

Features Details
Underlying LSK/USDT index
Settlement asset USDT
Face value 1
Price quotation 1 LSK value calculated in USDT equivalent
Tick size 0.001
Leverage 0.01-50x
Funding fee Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0
Note: Funding fees are received and deducted based on the current period.
Trading hours 24/7

Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on January 30, 2024 is 0.03%. After 4:00 pm UTC on January 30, 2024, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 12:00 am UTC on January 31, 2024.)

The price limit rules of LSK USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Swap Trading User Agreement

OKX Team
January 30, 2024