OKX to Enable Margin Trading & Savings and List Perpetual for CETUS

Gepubliceerd op 10 mei 2023Geüpdatet op 4 apr 20242 min. leestijd

We are pleased to announce that USDT-margined perpetual swaps for CETUS will be enabled at 11:00 am UTC on May 10,2023. CETUS margin trading and savings will be enabled at 4:00 am UTC on May 11,2023.

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

  1. Spot margin trading will be activated for following pairs: CETUS/USDT
  2. For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
  3. For the limits of savings, please refer to the Business Rules for Savings after the official listing.

II. Perpetual Swap Trading
CETUSUSDT Perpetual Swap:

Feature Details
Underlying CETUS/USDT Index
Settlement asset USDT
Face value 10
Price quotation 1 CETUS value calculated in USDT equivalent
Tick size 0.00001
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 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 10 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 1.50% (the funding fee of this period will be charged at 8:00 am UTC on May 11).
The price limit rules of CETUS 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.

May 10, 2023 (UTC)