Dear valued customers,
To further increase the position limits and enhance the market liquidity, we will increase the tiered maintenance margin ratio schedule of Coin-margined and USDT-margined Futures and perpetual swaps.
After the adjustment, users can enjoy a higher position limit at the same tiered maintenance margin ratio. Details as follow:
|
Time |
Adjusted Contracts |
|
2020.09.01 09：00-09：30 (UTC) |
Coin-margined and USDT-margined Perpetual Swap |
|
2020.09.03 09：00-09：30 (UTC) |
Coin-margined and USDT-margined Futures |
|
Assets |
Maximum leverage before adjustment |
Minimum maintenance margin ratio before adjustment |
Maximum leverage after adjustment |
Minimum maintenance margin ratio after adjustment |
|
BTC |
100x |
0.50% |
125x |
0.40% |
|
ETH,LTC,EOS,BCH |
50x |
1.00% |
75x |
0.80% |
|
ETC,XRP,LINK |
33x |
1.50% |
75x |
0.80% |
|
BSV,TRX, ADA and other assets |
20x |
2.00% |
75x |
1.00% |
I. Coin-margined & USDT-margined Perpetual Swap
1.BTC：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
50,000 |
125.00 |
0.80% |
0.40% |
|
2 |
300,000 |
100.00 |
1.00% |
0.50% |
|
3 |
1,200,000 |
66.66 |
1.50% |
1.00% |
|
4 |
2,200,000 |
50.00 |
2.00% |
1.50% |
|
…… |
…… |
…… |
…… |
…… |
2.ETH：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
200,000 |
50.00 |
2.00% |
1.00% |
|
3 |
600,000 |
40.00 |
2.50% |
1.50% |
|
4 |
1,000,000 |
33.33 |
3.00% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
3.LTC/EOS/BCH：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
100,000 |
50.00 |
2.00% |
1.00% |
|
3 |
300,000 |
40.00 |
2.50% |
1.50% |
|
4 |
500,000 |
33.33 |
3.00% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
4.ETC/XRP/LINK：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
50,000 |
50.00 |
2.00% |
1.00% |
|
3 |
100,000 |
33.33 |
3.00% |
1.50% |
|
4 |
200,000 |
28.57 |
3.50% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
5.BSV/TRX/ADA/DOT：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
1.00% |
|
2 |
30,000 |
50.00 |
2.00% |
1.50% |
|
3 |
50,000 |
20.00 |
5.00% |
2.00% |
|
4 |
100,000 |
18.18 |
5.50% |
2.50% |
|
…… |
…… |
…… |
…… |
…… |
6.DASH/ZEC and other assets：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
2,000 |
75.00 |
1.30% |
1.00% |
|
2 |
5,000 |
50.00 |
2.00% |
1.50% |
|
3 |
20,000 |
20.00 |
5.00% |
2.00% |
|
4 |
40,000 |
18.18 |
5.50% |
2.50% |
|
…… |
…… |
…… |
…… |
…… |
II. Coin-margined Futures
1.BTC：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
50,000 |
125.00 |
0.80% |
0.40% |
|
2 |
300,000 |
100.00 |
1.00% |
0.50% |
|
3 |
2,200,000 |
66.66 |
1.50% |
1.00% |
|
4 |
4,200,000 |
50.00 |
2.00% |
1.50% |
|
…… |
…… |
…… |
…… |
…… |
2.ETH/EOS：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
100,000 |
50.00 |
2.00% |
1.00% |
|
3 |
600,000 |
40.00 |
2.50% |
1.50% |
|
4 |
1,100,000 |
33.33 |
3.00% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
3.LTC/BCH：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
100,000 |
50.00 |
2.00% |
1.00% |
|
3 |
300,000 |
40.00 |
2.50% |
1.50% |
|
4 |
500,000 |
33.33 |
3.00% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
4.ETC/XRP：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
50,000 |
50.00 |
2.00% |
1.00% |
|
3 |
200,000 |
33.33 |
3.00% |
1.50% |
|
4 |
400,000 |
28.57 |
3.50% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
5.LINK：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
30,000 |
50.00 |
2.00% |
1.00% |
|
3 |
100,000 |
33.33 |
3.00% |
1.50% |
|
4 |
200,000 |
28.57 |
3.50% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
6.BSV/TRX：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
1.00% |
|
2 |
30,000 |
50.00 |
2.00% |
1.50% |
|
3 |
100,000 |
20.00 |
5.00% |
2.00% |
|
4 |
200,000 |
18.18 |
5.50% |
2.50% |
|
…… |
…… |
…… |
…… |
…… |
III. USDT-margined Futures
1.BTC：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
20,000 |
125.00 |
0.80% |
0.40% |
|
2 |
100,000 |
100.00 |
1.00% |
0.50% |
|
3 |
1,100,000 |
66.66 |
1.50% |
1.00% |
|
4 |
2,100,000 |
50.00 |
2.00% |
1.50% |
|
…… |
…… |
…… |
…… |
…… |
2.ETH：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
10,000 |
75.00 |
1.30% |
0.80% |
|
2 |
100,000 |
50.00 |
2.00% |
1.00% |
|
3 |
600,000 |
40.00 |
2.50% |
1.50% |
|
4 |
1,100,000 |
33.33 |
3.00% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
3.EOS/LTC/BCH：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
5,000 |
75.00 |
1.30% |
0.80% |
|
2 |
30,000 |
50.00 |
2.00% |
1.00% |
|
3 |
150,000 |
40.00 |
2.50% |
1.50% |
|
4 |
270,000 |
33.33 |
3.00% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
4.LINK：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
5,000 |
75.00 |
1.30% |
0.80% |
|
2 |
20,000 |
50.00 |
2.00% |
1.00% |
|
3 |
150,000 |
33.33 |
3.00% |
1.50% |
|
4 |
300,000 |
28.57 |
3.50% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
5.ETC：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
5,000 |
75.00 |
1.30% |
0.80% |
|
2 |
20,000 |
50.00 |
2.00% |
1.00% |
|
3 |
60,000 |
33.33 |
3.00% |
1.50% |
|
4 |
120,000 |
28.57 |
3.50% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
6.XRP：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
5,000 |
75.00 |
1.30% |
0.80% |
|
2 |
10,000 |
50.00 |
2.00% |
1.00% |
|
3 |
30,000 |
33.33 |
3.00% |
1.50% |
|
4 |
90,000 |
28.57 |
3.50% |
2.00% |
|
…… |
…… |
…… |
…… |
…… |
7.BSV：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
5,000 |
75.00 |
1.30% |
1.00% |
|
2 |
10,000 |
50.00 |
2.00% |
1.50% |
|
3 |
40,000 |
20.00 |
5.00% |
2.00% |
|
4 |
120,000 |
18.18 |
5.50% |
2.50% |
|
…… |
…… |
…… |
…… |
…… |
8.TRX：
|
Tier |
Position limits of USD value |
Maximum Leverage |
Minimum Initial Margin Ratio |
Maintenance Margin Ratio |
|
1 |
5,000 |
75.00 |
1.30% |
1.00% |
|
2 |
10,000 |
50.00 |
2.00% |
1.50% |
|
3 |
30,000 |
20.00 |
5.00% |
2.00% |
|
4 |
90,000 |
18.18 |
5.50% |
2.50% |
|
…… |
…… |
…… |
…… |
…… |
The position limits of contracts for each tier shall be converted according to the position limit of USD value and the face value. For example, if the face value of BTC Coin-margined is $100, then the position limits of contracts for the first tier shall be 50,000/100 =500 conts.
Tier Calculation:
|
Parameters |
Formula(Example: BTCUSD Perpetual Swap) |
Calculation |
|
Max. contracts for a tier |
After tier-4: Tier-3 max. open contracts + tiers increased * step size |
Tier 5: 12,000+2*10,000=32,000 |
|
Maintenance margin ratio for a tier |
After tier-4: Tier-3 maintenance margin ratio + tiers increased * maintenance margin ratio increased |
Tier 5: 1.0% + 2 * 0.5% = 2.0% |
|
Initial margin ratio for a tier |
After tier-4: Tier-3 initial margin ratio + tiers increased * initial margin ratio increased |
Tier 5: 1.5% + 2 * 0.5% = 2.5% |
|
Max. leverage level for a tier |
1 / initial margin ratio of the tier |
Tier 5: 1 / 2.5% = 40.00 |
Current Tier Maintenance Margin Ratio Schedule as follows:
Coin-margined and USDT-margined perpetual swap：https://www.OKX.com/derivatives/swap/position
Coin-margined and USDT-margined futures：https://www.OKX.com/derivatives/futures/position
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
Sep 1, 2020 (UTC)
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