OKX to adjust components of several indexes

Gepubliceerd op 8 apr 2023Geüpdatet op 4 jun 20243 min. leestijd

Due to the extremely unstable price and market fluctuations of Bittrex crypto pairs, in order to improve market and index stability, OKX will bring forward the index adjustment time of ETH/BTC, ETH/USDT, TRX/BTC, ADA/USD, CRO/BTC, CRO/USD, CRO/USDT from 7:00-9:00 am UTC on April 11, 2023, to 8:00-9:00 am UTC on April 8, 2023. Details are as follows:

Index Before After
Exchange Pair Weight Exchange Pair Weight
ETH/BTC Binance ETH/BTC 14.28% Binance ETH/BTC 14.28%
Bitfinex ETH/BTC 14.28% Bitfinex ETH/BTC 14.28%
Bittrex ETH/BTC 14.28% Bitstamp ETH/BTC 14.28%
Coinbase ETH/BTC 14.28% Coinbase ETH/BTC 14.28%
Huobi ETH/BTC 14.28% Huobi ETH/BTC 14.28%
OKX ETH/BTC 14.28% OKX ETH/BTC 14.28%
OKX_INDEX ETH/USDT 14.28% OKX_INDEX ETH/USDT 14.28%
ETH/USDT Binance ETH/BTC 16.66% Binance ETH/USDT 16.66%
Bitfinex ETH/UST 16.66% Bitfinex ETH/UST 16.66%
Bittrex ETH/BTC 16.66% Bybit ETH/USDT 16.66%
Coinbase ETH/USD 16.66% Coinbase ETH/USD 16.66%
Huobi ETH/USDT 16.66% Huobi ETH/USDT 16.66%
OKX ETH/USDT 16.66% OKX ETH/USDT 16.66%
TRX/BTC Binance TRX/BTC 16.66% Binance TRX/BTC 16.66%
Bittrex TRX/BTC 16.66% Gate TRX/USDT 16.66%
Huobi TRX/BTC 16.66% Huobi TRX/BTC 16.66%
OKX TRX/BTC 16.66% OKX TRX/BTC 16.66%
OKX_INDEX TRX/USDT 16.66% OKX_INDEX TRX/USDT 16.66%
Poloniex TRX/USDT 16.66% Poloniex TRX/USDT 16.66%
ADA/USD Binance ADA/BTC 20% Binance ADA/BTC 20%
Bittrex ADA/BTC 20% Kraken ADA/USD 20%
Coinbase ADA/USD 20% Coinbase ADA/USD 20%
Huobi ADA/USDT 20% Huobi ADA/USDT 20%
OKX ADA/USDT 20% OKX ADA/USDT 20%
CRO/BTC Bittrex CRO/BTC 25% Kucoin CRO/USDT 25%
Coinbase CRO/USD 25% Coinbase CRO/USD 25%
Crypto CRO/USDT 25% Crypto CRO/BTC 25%
OKX CRO/BTC 25% OKX CRO/BTC 25%
CRO/USD Coinbase CRO/USD 20% Coinbase CRO/USD 25%
Crypto CRO/USDT 20% Crypto CRO/USDT 25%
Kucoin CRO/USDT 20% Kucoin CRO/USDT 25%
OKX CRO/USDT 20% OKX CRO/USDT 25%
Bittrex CRO/BTC 20%
CRO/USDT Coinbase CRO/USD 20% Gate CRO/USDT 25%
Crypto CRO/USDT 20% Crypto CRO/USDT 25%
Kucoin CRO/USDT 20% Kucoin CRO/USDT 25%
OKX CRO/USDT 20% OKX CRO/USDT 25%
Bittrex CRO/BTC 20%


Learn more: OKX Index


Index Price Computation

  1. The latest price and volume of each index constituent is retrieved from selected exchanges in real time.
  2. If the relevant exchange is under maintenance, or if any constituent price/volume has no update for a certain time (vary from currency), the constituent data will be temporarily treated as invalid and excluded from index calculation.
  3. If the exchange trading pair in the index sample is inconsistent with that of the index, it shall be converted into the corresponding price of the same currency based on BTC/USDT, BTC/USD, USDC/USD, USDT/USD, etc. For example, if a component of the ETH/USD index is ETH/USDT, multiply the component by the price of the USDT/USD index to convert it into the price of the ETH/USD index.
  4. Final calculation depends on the number of exchanges with valid data. More details:
    · More than 3 exchanges with valid data: apply equally-weighted price average (however, if the price of any exchange deviates more than 3% from the median price of all exchanges, the exchange's price will be bounded within median price * 0.97 and median price * 1.03).
    · Only 2 exchanges with valid data: apply equally-weighted price average.
    · Only 1 exchange with valid data: its last traded price will be used as the index price directly.


Component adjustments can cause an index’s mark price to fluctuate, affecting the corresponding instrument’s margin and contract trading markets.
Users are advised to take necessary measures before an adjustment, such as reducing positions, adding margin, lowering leverage or even closing positions to avoid potential risks introduced by market volatility.


For any inquiries regarding this adjustment, please feel free to contact us in the OKX Telegram group or via the Support Center.


OKX
Apr. 8, 2023 (UTC)