OKX to List USDT-margined Perpetual Swap for SHIB

Published on May 9, 2021Updated on Jun 4, 20242 min read

Dear users,

We are pleased to announce that USDT-margined perpetual swap for SHIB will be listed at 9:00 am UTC on May. 9.

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

SHIBUSDT Perpetual Swap:

Feature

Details

Underlying

SHIB/USDT Index

Settlement asset

USDT

Face value

1000000 SHIB

Price quotation

1SHIB value calculated in USDT equivalent

Tick size

0.00000001

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 May. 9 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 May. 10).

The price limit rules of SHIB 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

Regards,
OKX
May. 9, 2021 (UTC)

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