OKX to Enable Margin Trading & Savings and List Perpetual for AIDOGE, PEPE

Publicado em 1 de mai. de 2023Atualizado em 4 de abr. de 2024Leitura de 2 minuto

We are pleased to announce that AIDOGE, PEPE margin trading and savings will be enabled at 4:00 am UTC on May 3. USDT-margined perpetual swaps for AIDOGE, PEPE will be listed at the same time.
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: AIDOGE/USDT, PEPE/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
AIDOGE USDT Perpetual Swap:

Feature Details
Underlying AIDOGE/USDT Index
Settlement asset USDT
Face value 10,000,000,000 AIDOGE
Price quotation 1 AIDOGE value calculated in USDT equivalent
Tick size 0.000000000001
Leverage 0.01~75x
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

PEPE USDT Perpetual Swap:

Feature Details
Underlying PEPE/USDT Index
Settlement asset USDT
Face value 10,000,000 PEPE
Price quotation 1 PEPE value calculated in USDT equivalent
Tick size 0.0000000001
Leverage 0.01~75x
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 May 3 is 0.03%. After 16:00 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 4).
The price limit rules of AIDOGE, PEPE 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
May 1, 2023 (UTC)