OKX to Enable Margin Trading, Savings and List Perpetual for DYDX
We are pleased to announce that DYDX margin trading and savings will be enabled at 04:10 pm UTC on Sep. 8. USDT-margined perpetual swaps for DYDX 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:
Margin Trading and Savings
1. Spot margin trading will be activated for following pairs: DYDX/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.
Perpetual Swap Trading
DYDXUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
DYDX/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1 DYDX |
|
Price quotation |
1DYDX value calculated in USDT equivalent |
|
Tick size |
0.001 |
|
Leverage |
0.01-75 x |
|
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 Sep. 9 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 0.75% (the funding fee of this period will be charged at 8:00 am UTC on Sep. 10).
The price limit rules of DYDXUSDT-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 USDT Margined Perpetual Swap Trading User Agreement & Guide
OKX will offer a ZERO transaction fee in the DYDXUSDT perpetual trading in one month, for both Taker and Maker. The trading volume generated from zero-fee pairs will not be counted for the calculation of users' trading volume level.
Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.
For any inquiries regarding this listing, please feel free to contact us in the official OKX Telegram group or via the Support Center.
OKX
Sep. 8, 2021 (UTC)
Click Here to Download OKX App >>>