Adjustment of USDT-margined Futures & Perpetual Swap Tiered Maintenance Margin Ratio Schedule

Published on Apr 8, 2020Updated on Apr 12, 20243 min read

Dear valued customers,


Since the launch of the USDT-margined futures and perpetual swap, the trading volume and the number of traders have increased steadily along with the market liquidity.

To further increase the position limits and enhance the market liquidity, we have doubled the tiered maintenance margin ratio schedule of the USDT-margined futures & perpetual swap on 06:00 April 8, 2020 (UTC).

After the adjustment, users can enjoy a higher position limit at the same tiered maintenance margin ratio. Details as follow:

USDT-margined perpetual swap:

Asset

Basic risk limits (contracts)

Step size to next tier (contracts)

Basic maintenance margin ratio

Basic initial margin ratio

BTC

1,000

10,000

0.5%

1.0%

ETH

2,000

8,000

1.0%

2.0%

EOS

1,000

4,000

1.0%

2.0%

LTC

500

2,000

1.0%

2.0%

BCH

1,000

4,000

1.0%

2.0%

ETC

1,000

1,000

1.5%

3.0%

XRP

1,000

2,000

1.5%

3.0%

TRX

1,000

2,000

2.0%

5.0%

BSV

200

400

2.0%

5.0%

DASH

2,000

2,000

2.0%

5.0%

LINK

4,000

2,000

2.0%

5.0%

NEO

1,000

1,000

2.0%

5.0%

USDT-margined futures:

Asset

Basic risk limits (contracts)

Step size to next tier (contracts)

Basic maintenance margin ratio

Basic initial margin ratio

BTC

1,000

10,000

0.5%

1.0%

ETH

2,000

8,000

1.0%

2.0%

EOS

1,000

4,000

1.0%

2.0%

LTC

500

2,000

1.0%

2.0%

BCH

1,000

4,000

1.0%

2.0%

ETC

1,000

1,000

1.5%

3.0%

XRP

1,000

2,000

1.5%

3.0%

TRX

1,000

2,000

2.0%

5.0%

BSV

200

400

2.0%

5.0%

Tier Calculation:

Parameters

Formula

Example (BTCUSDT Perpetual Swap)

Max. contracts for a tier

Tier-1 max. open contracts + tiers increased * step size

Tier 3: 1,000+2*10,000=21,000

Maintenance margin ratio for a tier

Basic maintenance margin ratio + tiers increased * maintenance margin ratio increased

Tier 3: 0.5% + 2 * 0.5% = 1.5%

Initial margin ratio for a tier

Basic initial margin ratio + tiers increased * initial margin ratio increased

Tier 3: 1.0% + 2 * 0.5% = 2.0%

Max. leverage level for a tier

1 / initial margin ratio of the tier

Tier 3: 1 / 2.0% = 50.00

*The step size for maintenance margin ratio and initial margin ratio are 0.5%. The maintenance margin ratio of the maximum tier for all assets is 50%.

Current Tier Maintenance Margin Ratio Schedule as follows:

USDT-margined Perpetual Swap: https://www.OKX.com/derivatives/swap/position

USDT-margined Futures: https://www.OKX.com/derivatives/futures/position

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

Regards,
OKX
April 8, 2020 (UTC)