OKX to Introduce Perpetual Futures for ATH Crypto Alongside Margin Trading and Simple Earn
Iris Coleman Jun 11, 2024 16:10
OKX announces USDT-margined perpetual futures for ATH, along with margin trading and Simple Earn options.
OKX has announced the listing of USDT-margined perpetual futures for ATH (ATH/USDT) starting at 4:00 am UTC on June 13, 2024. Additionally, margin trading and Simple Earn for ATH will be enabled at 3:30 am UTC on the same day, according to OKX.
Margin Trading and Simple Earn
The spot margin trading for the ATH/USDT pair will be activated. Users can refer to the Margin Borrowing Position Tiers for detailed information on tiered margin levels. For the limits and rules of Simple Earn, users can visit the Introduction to OKX Simple Earn and Its Rules.
Perpetual Futures Trading
The ATHUSDT perpetual futures will have the following specifications:
| Features | Details |
| Underlying | ATH/USDT index |
| Settlement crypto | USDT |
| Face value | 100 |
| Price quotation | 1 ATH value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01-20x |
| 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 |
It's important to note that when a new contract is launched, the premium can be unstable. To mitigate this, the upper limit of the funding fee before 4:00 pm UTC on June 13, 2024, is set at 0.03%. After this period, the upper limit will revert to the standard 1.50%, with the funding fee for this period being charged at 12:00 am UTC on June 14, 2024.
The price limit rules for ATH USDT-margined perpetual futures trading will align with those of other currencies. For more details, users can refer to OKX's perpetual futures trading guides and the OKX Perpetual Futures Trading User Agreement.
Image source: Shutterstock.jpg)