OKX to List Coin-margined Perpetual Swap for DOGE
Dear users,
We are pleased to announce that Coin-margined Perpetual Swap for DOGE will be listed at 9:00 am UTC on Feb. 2.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
1. Perpetual Swap Introduction
DOGEUSD Perpetual Swap:
|
Feature |
Details |
|
Underlying |
DOGE/USD Index |
|
Settlement Coin |
DOGE |
|
Face Value |
USD10 |
|
Price Quotation |
1 DOGE value calculated in USD equivalent |
|
Tick Size |
0.000001 |
|
Leverage |
0.01-75x |
|
Funding Rate |
Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -3%, 3%), 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 Feb. 2 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 3% (the funding fee of this period will be charged at 8:00 am UTC on Feb. 3).
The price limit rules of DOGE Coin-margined perpetual swap trading are the same as those of other currencies. 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
2. Fee tier requirements:
OKX will offer zero maker and taker transaction fees for DOGE Coin-margined perpetual swap trading from 9:00 am UTC on Feb. 2 to 9:00 am UTC on Mar. 2. The trading volume generated from the zero-fee pairs will not be included in the calculation of users' trading volume level.
Regards,
OKX
Feb. 2, 2021 (UTC)
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