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OKX to list perpetual for FLOW

Published on Nov 7, 20232 min read

We are pleased to announce that USDT-margined perpetual swaps for FLOW will be listed at 10:00 am UTC on November 7.
The updates will cover both the web and app interfaces as well as API. The details are as follows:

FLOWUSDT Perpetual Swap:

Feature Details
Underlying FLOW/USDT Index
Settlement asset USDT
Face value 10
Price quotation 1 FLOW value calculated in USDT equivalent
Tick size 0.001
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

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 November 7 is 0.03%. After 4:00 pm UTC on November 7, 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 November 8).

The price limit rules of FLOW 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 team
November 7, 2023