OKX's Announcement on the Adjustment of the FILUSDT Perpetual Swap Index Components and Funding Fee Rules

Date de publication : 16 oct. 2020Lecture de 2 min

Dear OKX users:

The Filecoin mainnet was launched on October 15, 2020 (HKT), and mainstream exchanges have launched the FIL mainnet token pair. According to our previous announcement "OKX's announcement on the adjustment of FILUSDT perpetual swap before and after the Filecoin mainnet launch", we will make the following adjustments to FILUSDT perpetual swap:

1. Index Components Adjustment

1) Current Index components

Exchange

Trading Pair

Weight

Gate.io

FIL6/USDT

33.3%

Poloniex

XFIL/USDT

33.3%

OKX

FILUSDT Perpetual

33.3%

2) Binance FIL/USDT, Huobi FIL/USDT and Coinlist FIL/USDT will be added to the existing components at 04:00 (UTC) on October 16, 2020. At that time, the index components will be as follows:

Exchange

Trading Pair

Weight

Coinlist

FIL/USDT

16.66%

Binance

FIL/USDT

16.66%

Huobi

FIL/USDT

16.66%

Gate.io

FIL6/USDT

16.66%

Poloniex

XFIL/USDT

16.66%

OKX

FILUSDT Perpetual

16.66%

3) At 05:00 (UTC) on October 16, 2020, the Gate, Poloniex, and OKX perpetual components in the index components will be removed. At that time, the index components are as follows:

Exchange

Trading Pair

Weight

Coinlist

FIL/USDT

33.33%

Binance

FIL/USDT

33.33%

Huobi

FIL/USDT

33.33%

2. Funding Rate rules

At 08:00 on October 16, 2020 (UTC), the funding fee rules will be adjusted according to the following rules:

Before adjustment

After adjustment

Funding rate=Clamp(MA(((Best Buy Price + Best Sell Price)/2-spot index price)/spot index price - Interest), -0.1%, 0.1%)

Funding rate =Clamp(MA(((Best Buy Price + Best Sell Price)/2-spot index price)/spot index price -Interest), -0.75%, 0.75%)

In addition, as the price volatility of FIL is relatively high during the index components adjustment, please take necessary measures when trading FILUSDT perpetual contract, such as reducing positions, adding margin and lowering the leverage to avoid potential risks caused by market volatility.

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

Regards

OKX

Oct 16, 2020

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