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OKX to List USDT-margined Perpetual for APE

Published on Mar 17, 20222 min read

We are pleased to announce that USDT-margined perpetual swap for APE will be listed at 13:00 UTC on March. 17.

The updates will cover both the web and app interfaces as well as API. The details are as follows:

APEUSDT Perpetual Swap:

Feature

Details

Underlying

APE/USDT Index

Settlement asset

USDT

Face value

0.1 APE

Price quotation

1 APE 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 16:00 pm UTC on March. 17 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. 18).

The price limit rules of APE 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
March. 17, 2022 (UTC)

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