OKX to Enable Coin-margined Perpetual Swap for YFII/SUN
Dear valued customers,
We are pleased to announce that Coin-margined Perpetual Swap for YFII and SUN will be enabled at 11:00 September 17, 2020 (UTC). The updates will cover the Web, APP and API. Details as follows:
I. Perpetual Swap trading
YFIIUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
YFII/USD Index |
|
Settlement Coin |
YFII |
|
Face Value |
USD10 |
|
Price Quotation |
1 YFII value calculated in USD equivalent |
|
Tick Size |
0.1 |
|
Leverage |
0.01-75x |
|
Funding Rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.3%, 0.3%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
08:00 every day (UTC) |
SUNUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
SUN/USD Index |
|
Settlement Coin |
SUN |
|
Face Value |
USD10 |
|
Price Quotation |
1 SUN 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), -0.3%, 0.3%), interest = 0 |
|
Trading Hours |
7*24 |
|
Settlement Time |
08:00 every day (UTC) |
(Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 08:00 (UTC) on September 18 is 0.03%. After 08:00, the upper limit of the predicted funding rate will be adjusted back to the normal 0.30% (the funding fee of this period will be charged at 00:00 (UTC) on September 19)
The price limit rules for YFII/ SUN Coin-margined Perpetual Swap trading are the same as perpetual swap trading of other cryptocurrencies. Please refer to our perpetual swap trading guides for further details.
Coin-margined perpetual swap trading: OKX-Coin-Margined-Perpetual-Swap-Trading-User-Agreement-Guide
II. Fee tier requirements:
In order to offer a better trading experience and enhance the liquidity in the perpetual swap market, Transaction fee will now be different depending on instrument or underlying，YFII and SUN Coin-margined Perpetual Swap will follow the Type II perpetual swap rate schedules.
Details as follows (30-day trading volume = total trading volume of all cryptocurrencies):
|
Normal User |
||||
|
Tier |
Total OKB Holding |
30-day Trading Volume (BTC) |
Maker Fee |
Taker Fee |
|
Lv1 |
< 500 |
< 5,000 |
0.015% |
0.030% |
|
Lv2 |
≥ 500 |
< 5,000 |
0.013% |
0.030% |
|
Lv3 |
≥ 1,000 |
< 5,000 |
0.012% |
0.030% |
|
Lv4 |
≥ 1,500 |
< 5,000 |
0.011% |
0.030% |
|
Lv5 |
≥ 2,000 |
< 5,000 |
0.010% |
0.030% |
|
VIP User |
|||
|
Tier |
30-day Trading Volume (BTC) |
Maker Fee |
Taker Fee |
|
VIP1 |
≥ 5,000 |
0.010% |
0.030% |
|
VIP2 |
≥ 10,000 |
0.005% |
0.028% |
|
VIP3 |
≥ 20,000 |
0.000% |
0.026% |
|
VIP4 |
≥ 60,000 |
-0.005% |
0.024% |
|
VIP5 |
≥ 100,000 |
-0.008% |
0.022% |
|
VIP6 |
≥ 150,000 |
-0.010% |
0.022% |
|
VIP7 |
≥ 200,000 |
-0.015% |
0.022% |
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Sep 17, 2020 (UTC)
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