Dear OKX Users,
We are pleased to announce that USTC/USDT leveraged trading, savings products (Earn), and USTC-USDT perpetual contracts will be officially available across our web platform, mobile app, and API interfaces starting November 3, 2022, at 15:00 HKT. Below are the key details:
I. Leveraged Trading & Savings Products
- USTC/USDT Pair: Margin trading will be enabled for this currency pair with flexible borrowing options.
- Earn Features: Deposit USTC into savings accounts to earn interest yields automatically.
II. Perpetual Contracts
1. Contract Specifications
USTC-USDT Perpetual Contract Overview:
| Contract Parameter | Details |
|---|---|
| Underlying Asset | USTC/USDT Index |
| Settlement Currency | USDT |
| Face Value | 100 USTC |
| Price Quotation | USDT price per 1 USTC |
| Minimum Price Increment | 0.00001 |
| Leverage Range | 0.01x–75x |
| Funding Rate Formula | Clamp(MA((Midpoint - Spot Index)/Spot Index - Interest), -0.75%, 0.75%) (Interest = 0) |
| Trading Hours | 24/7 |
2. Funding Rate Adjustments (Initial Phase)
To ensure stability during launch:
- November 3 (00:00–24:00 HKT): Capped at 0.03%.
- Post-November 3: Reverts to standard 1.5% maximum.
(Note: Actual rate collection occurs at 16:00 HKT on November 4.)
👉 Explore Perpetual Contracts Trading Strategies
Keywords Integration
- USTC trading
- Perpetual contracts
- Leveraged crypto
- OKX Earn
- Margin trading
- Crypto derivatives
FAQ
Q1: What’s the minimum order size for USTC perpetual contracts?
A: The face value is 100 USTC, but order sizes can vary based on leverage.
Q2: How are funding rates calculated?
A: Rates depend on the premium/discount between contract and spot prices, adjusted periodically.
Q3: Can I use cross-margin mode for USTC?
A: Yes, both isolated and cross-margin modes are supported.
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