OKX to Enable Margin Trading and Savings for LPT/CELR and List Perpetual for LPT/RVN

Published on Apr 23, 2021Updated on Jun 4, 20242 min read

Dear users,

We are pleased to announce that LPT and CELR margin trading and savings will be enabled at 7:00 am UTC on Apr. 23. USDT-margined perpetual swaps for LPT and RVN 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: LPT/USDT, CELR/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 Savingsafter the official listing.

II. Perpetual Swap Trading

LPTUSDT Perpetual Swap:

Feature

Details

Underlying

LPT/USDT Index

Settlement asset

USDT

Face value

0.1 LPT

Price quotation

1LPT value calculated in USDT equivalent

Tick size

0.01

Leverage

0.01-75 x

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

RVNUSDT Perpetual Swap:

Feature

Details

Underlying

RVN/USDT Index

Settlement asset

USDT

Face value

10 RVN

Price quotation

1RVN value calculated in USDT equivalent

Tick size

0.0001

Leverage

0.01-75 x

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 4:00 pm UTC on Apr. 23 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on Apr. 24).

The price limit rules of LPT and RVN 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 USDT Margined Perpetual Swap Trading User Agreement & Guide

Regards,
OKX
Apr. 23, 2021 (UTC)

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