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OKX to list perpetual for CTC and TURBO crypto, along with its margin trading and Simple Earn

Published on Dec 14, 20232 min read

We are pleased to announce that USDT-margined perpetual swaps for CTC will be enabled at 8:00 am UTC on December 14. CTC margin trading and Simple Earn will be enabled at 7:30 am UTC on December 14. Besides, USDT-margined perpetual swaps for TURBO will be enabled at 10:00 am UTC on December 14. TURBO margin trading and Simple Earn will be enabled at 9:30 am UTC on December 14.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Margin trading and Simple Earn

  1. Spot margin trading will be activated for the following pair: CTC/USDT and TURBO/USDT.
  2. For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing.
  3. For the limits of Simple Earn, please refer to the Introduction to OKX Simple Earn and Its Rules after the official listing.

II. Perpetual swap trading
CTCUSDT perpetual swap:

Features Details
Underlying CTC/USDT index
Settlement asset USDT
Face value 10
Price quotation 1 CTC value calculated in USDT equivalent
Tick size 0.0001
Leverage 0.01-50x
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

TURBOUSDT perpetual swap:

Feature Details
Underlying TURBO/USDT index
Settlement asset USDT
Face value 10000
Price quotation 1 TURBO value calculated in USDT equivalent
Tick size 0.0000001
Leverage 0.01-20x
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 a 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 December 14 is 0.03%. After 4:00 pm UTC on December 14, the upper limit of the predicted funding rate will be adjusted back to normal 1.50% (the funding fee for this period will be charged at 8:00 am UTC on December 15).

The price limit rules of CTC and TURBO 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

OKX
December 14, 2023