OKX to Enable Margin Trading & Savings and List Perpetual for RDNT

تم النشر في ‏20 أبريل 2023تم التحديث في ‏4 أبريل 20242 دقيقة قراءة

We are pleased to announce that RDNT margin trading and savings will be enabled at 7:00 am UTC on April. 24th. USDT-margined perpetual swaps for RDNT will be listed at the same time.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
I. Margin Trading and Savings

  1. Spot margin trading will be activated for following pairs: RDNT/USDT
  2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
  3. For the limits of savings, please refer to the Business Rules for Savings after the official listing.


II. Perpetual Swap Trading
RDNTUSDT Perpetual Swap:

Feature Details
Underlying RDNT/USDT Index
Settlement asset USDT
Face value 10 RDNT
Price quotation 1 RDNT value calculated in USDT equivalent
Tick size 0.0001
Leverage 0.01~50x
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 16:00 pm UTC on April. 24 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 1.50% (the funding fee of this period will be charged at 8:00 am UTC on April. 25).
The price limit rules of RDNT 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: https://www.cnouyi.golf/help/okx-perpetual-swap-trading-user-agreement


OKX
April 20, 2023 (UTC)