OKX to Enable Margin Trading & Savings and List Perpetual for IMX
Dear users,
We are pleased to announce that IMXmargin trading and savings will be enabled at 7:00 am UTC on November.18. USDT-margined perpetual swaps for IMXwill 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
- Spot margin trading will be activated for following pairs: IMX/USDT
- For the details of the tiered margin ratio, please refer to Margin Borrowing Position Tiers after the official listing.
- For the limits of Savings, please refer to the Business Rules for Savings after the official listing.
II. Perpetual Swap Trading
IMXUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
IMX/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
1 IMX |
|
Price quotation |
1IMX value calculated in USDT equivalent |
|
Tick size |
0.0001 |
|
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 16:00 pm UTC on November. 18is 0.03%. After 16:00 pmUTC, 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 November.19).
The price limit rules ofIMX 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 USDT Margined Perpetual Swap Trading User Agreement & Guide
Regards,
OKX
November.18, 2021 (UTC)
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