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

Published on May 4, 2023Updated on Apr 4, 20242 min read

We are pleased to announce that SUI margin trading and savings will be enabled at 4:00 am UTC on May 5th. USDT-margined perpetual swaps for SUI 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: SUI/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
SUIUSDT Perpetual Swap:

Feature Details
Underlying SUI/USDT Index
Settlement asset USDT
Face value 1 SUI
Price quotation 1 SUI value calculated in USDT equivalent
Tick size 0.0001
Leverage 0.01~75x
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 May 5 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 May 6).
The price limit rules of SUI 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 Perpetual Swap Trading User Agreement.

May 4, 2023 (UTC)