OKEx announces to List USDT-margined Perpetual Swap for SHIB
Dear users,
OKEx are pleased to announce that USDT-margined perpetual swap for SHIB will be listed at 9:00 am UTC on May. 9.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
SHIBUSDT Perpetual Swap:
| Feature | Details |
| Underlying | SHIB/USDT Index |
| Settlement asset | USDT |
| Face value | 1000000 SHIB |
| Price quotation | 1SHIB value calculated in USDT equivalent |
| Tick size | 0.00000001 |
| 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 May. 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 May. 10).
The price limit rules of SHIB 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: OKEx USDT Margined Perpetual Swap Trading User Agreement & Guide
Regards,
OKEx
May. 9, 2021 (UTC)
📰 INFO
