OKX to Enable Margin Trading & Savings and List Perpetual for API3 and BTT

Published on Mar 2, 2022Updated on Apr 11, 20242 min read

We are pleased to announce that API3 and BTT margin trading and savings will be enabled at 9:10 am UTC on Mar. 3. USDT-margined perpetual swaps for API3 and BTT 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:

Margin Trading and Savings

  1. Spot margin trading will be activated for following pairs: API3/USDT、BTT/USDT
  2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiersafter the official listing.
  3. For the limits of Savings, please refer to the Business Rules for Savings after the official listing.

Perpetual Swap Trading

API3USDT Perpetual Swap:

Feature

Details

Underlying

API3/USDT Index

Settlement asset

USDT

Face value

1 API3

Price quotation

1 API3 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

BTTUSDT Perpetual Swap:

Feature

Details

Underlying

BTT/USDT Index

Settlement asset

USDT

Face value

1,000,000 BTT

Price quotation

1 BTT value calculated in USDT equivalent

Tick size

0.000000001

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 16:00 pm UTC on March. 3 is 0.03%. After 16:00 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 March. 4).

The price limit rules of API3 and BTT 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

OKX
Mar. 3, 2022 (UTC)

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