Adjustment of USDT-margined Futures & Perpetual Swap Tiered Maintenance Margin Ratio Schedule
Dear valued customers,
Since the launch of the USDT-margined futures and perpetual swap, the trading volume and the number of traders have increased steadily along with the market liquidity.
To further increase the position limits and enhance the market liquidity, we will adjust the tiered maintenance margin ratio schedule of the USDT-margined futures & perpetual swap between 09:00 and 09:30 Jan 17, 2020 (UTC).
During the adjustment time, trading activities will not be affected. After the adjustment, users can enjoy a higher position limit at the same tiered maintenance margin ratio. Details as follow:
USDT-margined perpetual swap：
|
Asset |
Tier-1 max. open contracts |
Step size to next tier (contracts) |
Basic maintenance margin ratio |
Basic initial margin ratio |
|
BTC |
50,000 |
500,000 |
0.5% |
1.0% |
|
ETH |
100,000 |
400,000 |
1.0% |
2.0% |
|
EOS |
50,000 |
200,000 |
1.0% |
2.0% |
|
LTC |
250 |
1,000 |
1.0% |
2.0% |
|
BCH |
500 |
2,000 |
1.0% |
2.0% |
|
ETC |
500 |
500 |
1.5% |
3.0% |
|
XRP |
500 |
1,000 |
1.5% |
3.0% |
|
TRX |
500 |
1,000 |
2.0% |
5.0% |
|
BSV |
100 |
200 |
2.0% |
5.0% |
USDT-margined futures:
|
Asset |
Basic risk limits (contracts) |
Step size to next tier (contracts) |
Basic maintenance margin ratio |
Basic initial margin ratio |
|
BTC |
50,000 |
500,000 |
0.5% |
1.0% |
|
ETH |
100,000 |
400,000 |
1.0% |
2.0% |
|
EOS |
50,000 |
200,000 |
1.0% |
2.0% |
|
LTC |
250,000 |
1,000,000 |
1.0% |
2.0% |
|
BCH |
50,000 |
200,000 |
1.0% |
2.0% |
|
ETC |
50,000 |
50,000 |
1.5% |
3.0% |
|
XRP |
50,000 |
100,000 |
1.5% |
3.0% |
|
TRX |
500,000 |
1,000,000 |
2.0% |
5.0% |
|
BSV |
100,000 |
200,000 |
2.0% |
5.0% |
Tier Calculation:
|
Parameters |
Formula |
Example (BTCUSDT Perpetual Swap) |
|
Max. contracts for a tier |
Tier-1 max. open contracts + tiers increased * step size |
Tier 3: 50,000 + 2 * 500,000 = 1,050,000 |
|
Maintenance margin ratio for a tier |
Basic maintenance margin ratio + tiers increased * maintenance margin ratio increased |
Tier 3: 0.5% + 2 * 0.5% = 1.5% |
|
Initial margin ratio for a tier |
Basic initial margin ratio + tiers increased * initial margin ratio increased |
Tier 3: 1.0% + 2 * 0.5% = 2.0% |
|
Max. leverage level for a tier |
1 / initial margin ratio of the tier |
Tier 3: 1 / 2.0% = 50.00 |
*The step size for maintenance margin ratio and initial margin ratio are 0.5%. The maintenance margin ratio of the maximum tier for all assets is 50%.
Current Tier Maintenance Margin Ratio Schedule as follows:
USDT-margined Perpetual Swap: https://www.OKX.com/derivatives/swap/position
USDT-margined Futures: https://www.OKX.com/derivatives/futures/position
Due to the recent market volatility, the maintenance margin ratio and available leverage level of your position may vary from the existing requirements after the adjustment. Please make sure you read through the adjustment details and fully understand the changes in your position’s maintenance margin ratio caused by the adjustment before making any trading decision. For positions of higher risks, it is recommended to minimize forced-liquidation risk by closing or reducing the positions or adding margin.
Thank you for your support and we assure you of our best services at all times.
Regards,
OKX
Jan 16, 2020 (UTC)