OKX to Enable Margin Trading & Savings for STARL/GODS and List USDT-Margined Perpetual for KISHU/ELON/STARL/BABYDOGE/GODS
We are pleased to announce that STARL, GODS margin trading and savings will be enabled at 12:00 pm UTC on Nov. 5. USDT-margined perpetual swaps for KISHU, ELON, STARL, BABYDOGE and GODS will be listed at the same time.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
I. Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: STARL/USDT, GODS/USDT
2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiersafter the official listing.
3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
KISHUUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
KISHU/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1,000,000,000 KISHU |
|
Price quotation |
1KISHU value calculated in USDT equivalent |
|
Tick size |
0.000000000001 |
|
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 |
24/7 |
ELONUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
ELON/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1,000,000 ELON |
|
Price quotation |
1ELON value calculated in USDT equivalent |
|
Tick size |
0.000000001 |
|
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 |
24/7 |
STARLUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
STARL/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
100,000 STARL |
|
Price quotation |
1STARL value calculated in USDT equivalent |
|
Tick size |
0.00000001 |
|
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 |
24/7 |
BABYDOGEUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
BABYDOGE/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1,000,000,000 BABYDOGE |
|
Price quotation |
1 BABYDOGE value calculated in USDT equivalent |
|
Tick size |
0.000000000001 |
|
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 |
24/7 |
GODSUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
GODS/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1 GODS |
|
Price quotation |
1GODS 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 |
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 4:00 pm UTC on Nov. 5 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 of this period will be charged at 8:00 am UTC on Nov. 6).
The price limit rules of KISHU, ELON, STARL, BABYDOGE and GODS 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 USDT Margined Perpetual Swap Trading User Agreement & Guide
Regards,
OKX
Nov. 5, 2021 (UTC)
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