OKX to Enable Margin Trading, Savings and List Perpetual for SLP

Published on Aug 26, 2021Updated on Jun 4, 20242 min read

Dear users,

We are pleased to announce that SLP margin trading and savings will be enabled at 10:00 am UTC on August. 26. USDT-margined perpetual swaps for SLP 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: SLP/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

SLPUSDT Perpetual Swap:

Feature

Details

Underlying

SLP/USDT Index

Settlement asset

USDT

Face value

10 SLP

Price quotation

1SLP value calculated in USDT equivalent

Tick size

0.00001

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 August. 26 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 August. 27).

The price limit rules of SLPUSDT-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
August. 26, 2021 (UTC)

Click Here to Download OKX App >>>

Click Here for OKX Twitter >>>

Click Here to Join OKX Official Community >>>