OKX to List USDT-margined Perpetual Swap for SHIB
Dear users,
We are pleased to announce that USDT-margined perpetual swap for SHIB will be listed at 9:00 am UTC on May. 9.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
SHIBUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
SHIB/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1000000 SHIB |
|
Price quotation |
1SHIB 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 |
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 May. 9 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 May. 10).
The price limit rules of SHIB 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
May. 9, 2021 (UTC)
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