Adjustment of USDT-margined Futures & Perpetual Swap Tiered Maintenance Margin Ratio Schedule

Phát hành vào 16 thg 1, 2020Thời gian đọc: 3 phút

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)