OKX to List USDT-margined Perpetual Swap for MATIC
Dear users,
We are pleased to announce that USDT-margined perpetual swap for MATIC will be listed at 9:00 am UTC on Apr. 29.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
MATICUSDT Perpetual Swap:
|
Feature |
Details |
|
Underlying |
MATIC/USDT Index |
|
Settlement asset |
USDT |
|
Face value |
10 MATIC |
|
Price quotation |
1MATIC 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 4:00 pm UTC on Apr. 29 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 Apr. 30).
The price limit rules of MATIC 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
Apr. 29, 2021 (UTC)
Click Here to Download OKX App >>>