OKX to enable margin trading and savings alongside listing perpetual swaps for AAVE, CVC and FIL
Dear users,
We are pleased to announce that AAVE, CVC and FIL margin trading and savings features will be enabled from 6:00 am UTC on Dec. 10. The USDT-margined perpetual swaps for AAVE and CVC will also be listed at the same time alongside the coin-margined perpetual swap for FIL.
The updates, detailed below, will apply to the web, app and API interfaces.
I. Margin Trading and Savings
1. Spot margin trading will be activated for the following pairs: AAVE/USDT, AAVE/BTC, CVC/USDT, CVC/BTC, FIL/USDT and FIL/BTC
2. For details on tiered margin ratio, please refer to our guide on Margin Borrowing Position Tiers after the official listing
3. For the limits in Savings, please refer to the Business Rules for Savings after the official listing
II. Perpetual Swap Trading
1. Perpetual Swap Introduction
AAVEUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
AAVE/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
0.1 AAVE |
|
Price Quotation |
1 AAVE value calculated in USDT equivalent |
|
Tick Size |
0.01 |
|
Leverage |
0.01-75 x |
|
Funding Rate |
Clamp (MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
8:00 am UTC, daily |
CVCUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
CVC/USDT Index |
|
Settlement Coin |
USDT |
|
Face Value |
100 CVC |
|
Price Quotation |
1 CVC value calculated in USDT equivalent |
|
Tick Size |
0.0001 |
|
Leverage |
0.01-75 x |
|
Funding Rate |
Clamp (MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
8:00 am UTC, daily |
FILUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
FIL/USD Index |
|
Settlement Coin |
FIL |
|
Face Value |
USD 10 |
|
Price Quotation |
1 FIL value calculated in USD equivalent |
|
Tick Size |
0.01 |
|
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 |
7*24 |
|
Settlement Time |
8:00 am UTC, daily |
Note: Premiums are unstable when new contracts are launched. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on Dec. 10 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal, 0.75% (the funding fee for this period will be charged at 8:00 am UTC on Dec. 11).
The price limit rules for AAVE and CVC USDT-margined perpetual swaps and FIL coin-margined perpetual swap 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:
OKX will charge both takers and makers zero transaction fees for AAVEUSDT, CVCUSDT and FILUSD perpetual swap trading for one month. The trading volume generated from zero-fee pairs will not be considered for the calculation of users' trading volume levels.
Thank you for your continued support.
Regards,
OKX
Dec. 9, 2020
Click Here to Download OKX App >>>