Tier adjustments for perpetual swaps

Published on Nov 13, 20204 min read

In order to improve the liquidity of our markets and prevent market risks, OKX will adjust the position tiers of WNXMUSDT, SUNUSD and other perpetual swaps at 9:00 am UTC on Nov. 17.

Adjustments:

(1) Adjusted tiers of WNXMUSDT perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

300

1.00%

1.30%

75.00

2

301

600

1.50%

2.00%

50.00

3

601

3,000

2.00%

5.00%

20.00

4

3,001

6,000

2.50%

5.50%

18.18

5

6,001

9,000

3.00%

6.00%

16.67

6

Increase by 3,000 conts from the previous tier

Increase by 3,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

(2) Adjusted tiers of UMAUSDT perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

1,000

1.00%

1.30%

75.00

2

1,001

2,500

1.50%

2.00%

50.00

3

2,501

10,000

2.00%

5.00%

20.00

4

10,001

20,000

2.50%

5.50%

18.18

5

20,001

30,000

3.00%

6.00%

16.67

6

Increase by 10,000 conts from the previous tier

Increase by 10,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

(3) Adjusted tiers of SNXUSDT perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

300

1.00%

1.30%

75.00

2

301

600

1.50%

2.00%

50.00

3

601

3,000

2.00%

5.00%

20.00

4

3,001

6,000

2.50%

5.50%

18.18

5

6,001

9,000

3.00%

6.00%

16.67

6

Increase by 3,000 conts from the previous tier

Increase by 3,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

(4) Adjusted tiers of SUNUSDT perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

1,000

1.00%

1.30%

75.00

2

1,001

2,500

1.50%

2.00%

50.00

3

2,501

10,000

2.00%

5.00%

20.00

4

10,001

20,000

2.50%

5.50%

18.18

5

20,001

30,000

3.00%

6.00%

16.67

6

Increase by 10,000 conts from the previous tier

Increase by 10,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

(5) Adjusted tiers of BATUSDT perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

500

1.00%

1.30%

75.00

2

501

1,000

1.50%

2.00%

50.00

3

1,001

5,000

2.00%

5.00%

20.00

4

5,001

10,000

2.50%

5.50%

18.18

5

10,001

15,000

3.00%

6.00%

16.67

6

Increase by 5,000 conts from the previous tier

Increase by 5,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

(6) Adjusted tiers of JSTUSDT perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

500

1.00%

1.30%

75.00

2

501

1,000

1.50%

2.00%

50.00

3

1,001

5,000

2.00%

5.00%

20.00

4

5,001

10,000

2.50%

5.50%

18.18

5

10,001

15,000

3.00%

6.00%

16.67

6

Increase by 5,000 conts from the previous tier

Increase by 5,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

(7) Adjusted tiers of MKRUSDT perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

200

1.00%

1.30%

75.00

2

201

400

1.50%

2.00%

50.00

3

401

2,000

2.00%

5.00%

20.00

4

2,001

4,000

2.50%

5.50%

18.18

5

4,001

6,000

3.00%

6.00%

16.67

6

Increase by 2,000 conts from the previous tier

Increase by 2,000 conts from the previous tier

Increase by 0.5 % from the previous tier

Increase by 0.5 % from the previous tier

Max. leverage of the tier

(8) Adjusted tiers of SUNUSD perpetual contract:

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

1

0

100

1.00%

1.30%

75.00

2

101

200

1.50%

2.00%

50.00

3

201

1,000

2.00%

5.00%

20.00

4

1,001

2,000

2.50%

5.50%

18.18

5

2,001

3,000

3.00%

6.00%

16.67

6

Increase by 1,000 conts from the previous tier

Increase by 1,000 conts from the previous tier

Increase by 0.5 % from the previous tier

Increase by 0.5 % from the previous tier

Max. leverage of the tier

Risk disclaimer

Users' maintenance margin ratio may increase because of the recent market volatility and the tier adjustment. To prevent forced liquidation caused by the adjustment of the position tiers, please decrease the actual leverages by operations such as closing out and increasing margins.

Thank you for your continued support.