ADAUSD & ADAUSDT Perpetual Swap Soon Available

Published on Apr 27, 2020Updated on Apr 12, 20243 min read

Dear valued customers,


We are pleased to announce that ADAUSD & ADAUSDT Perpetual Swap trading is officially live on the OKX website and API from 07:00 Apr 29, 2020 (UTC). Details as follows:

I. Specifications:

ADAUSD Perpetual Swap:

Feature

Details

Underlying

ADA/USD Index

Settlement Coin

ADA

Face Value

USD10

Price Quotation

1 ADA value calculated in USD equivalent

Tick Size

0.00001

Leverage

0.01-20x

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)

ADAUSDT Perpetual Swap:

Feature

Details

Underlying

ADA/USDT Index

Settlement Coin

USDT

Face Value

100 ADA

Price Quotation

1 ADA value calculated in USDT equivalent

Tick Size

0.00001

Leverage

0.01-20x

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)

The price limit rules for ADAUSD & ADAUSDT 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

USDT-margined perpetual swap trading: OKX USDT 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, we will offer higher maker rebates for all cryptocurrencies other than 9 major assets (BTC, ETH, EOS, LTC, BCH, XRP, ETC, BSV, TRX) by lowering the maker fee rates of all tiers by 0.020% based on the current fee schedules. We will also increase the taker fee rates of all tiers by 0.030% based on the current fee 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

0.000%

0.080%

Lv2

≥ 500

< 5,000

-0.002%

0.075%

Lv3

≥ 1,000

< 5,000

-0.003%

0.070%

Lv4

≥ 1,500

< 5,000

-0.004%

0.065%

Lv5

≥ 2,000

< 5,000

-0.005%

0.060%

VIP User

Tier

30-day Trading Volume (BTC)

Maker Fee

Taker Fee

VIP1

≥ 5,000

-0.010%

0.060%

VIP2

≥ 10,000

-0.015%

0.060%

VIP3

≥ 20,000

-0.020%

0.060%

VIP4

≥ 60,000

-0.025%

0.060%

VIP5

≥ 100,000

-0.028%

0.060%

VIP6

≥ 150,000

-0.030%

0.060%

VIP7

≥ 200,000

-0.035%

0.060%

(Note: The maker and taker fee rates for 9 major assets remain unchanged.)

Thank you for your support and we assure you of our best services at all times.

Regards,
OKX
Apr 27, 2020 (UTC)