ChainOut Network - November 22, 2024 - OKX will officially launch MEMEFI/USDT perpetual contracts on its web platform, mobile app, and API at 11:00 PM (UTC+8) on November 22, 2024. Additionally, MEMEFI/USDT leverage trading and Easy Earn products will become available at 12:00 PM (UTC+8) on November 25, 2024. Below are the detailed rules:
Key Features Overview
Leverage Trading & Easy Earn
- MEMEFI will support USDT-paired leverage trading.
- Leverage tiers will be available upon launch (refer to: Leverage Margin Tier Explanation).
- Easy Earn quotas will be accessible post-launch (check: OKX Easy Earn Product Rules).
Perpetual Contracts
- MEMEFI/USDT Perpetual Contract Specifications:
| Contract Element | Details |
|---|---|
| Underlying Asset | MEMEFI/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 100 |
| Quotation Unit | Price per 1 MEMEFI in USDT |
| Minimum Price Increment | 0.000001 |
| Leverage Range | 0.01x–50x |
| Funding Fee Formula | Clamp(MA([(Mark Price – Spot Index) / Spot Index – Interest], 0.015)) |
| Trading Hours | 24/7 |
Special Note: To mitigate unstable premiums during initial listing, funding rate caps will be adjusted:
- 0.03% until 00:00 (UTC+8) on November 23, 2024.
- 1.50% thereafter (effective November 23, 08:00 UTC+8).
👉 Maximize your MEMEFI trades with OKX’s advanced tools
FAQ Section
Q1: When does MEMEFI leverage trading go live?
A1: MEMEFI/USDT leverage trading starts at 12:00 PM (UTC+8) on November 25, 2024.
Q2: What’s the maximum leverage for MEMEFI perpetual contracts?
A2: Up to 50x leverage is supported.
Q3: How are funding fees calculated?
A3: Funding fees use a clamped moving average of the premium rate, with a maximum of 1.5%.
👉 Explore MEMEFI trading strategies today
Why Choose OKX?
OKX remains committed to delivering superior crypto products and services, ensuring a seamless trading experience for all users. Stay tuned for more updates!