Dear OKX Users,
Due to recent high volatility in TRX spot index and contract prices, we will adjust the TRX perpetual contract price limit rules on January 27, 2019, at 20:00 (HKT). Key changes include:
Updated Price Limit Rules
1. Before Adjustment
First 10 minutes after contract creation:
- Max price = Spot index × (1 + 0.5%)
- Min price = Spot index × (1 - 0.5%)
After 10 minutes:
- Max price = 10-min premium average + Spot index × (1 + 2%)
- Min price = 10-min premium average + Spot index × (1 - 2%)
(Premium = Contract price - Spot price)
If calculated price deviates >3% from spot index or is negative:
- Max price = Spot index × (1 + 3%)
- Min price = Spot index × (1 - 3%)
All orders (open/close) are restricted:
- Buy/Long: Triggers if order price > max price.
- Sell/Short: Triggers if order price < latest price.
2. After Adjustment
- First 10 minutes: Rules unchanged.
- After 10 minutes: Deviation threshold increases to 3.5% (from 3%).
Phased Adjustment to 5% Deviation
Starting January 27, 2019, OKX will gradually widen the max/min deviation to 5%. Schedule:
| Phase | Deviation | Effective Time (HKT) |
|-------|-----------|----------------------|
| 1 | 3.5% | January 27, 20:00 |
| 2 | 5% | To be announced |
👉 Track real-time TRX contract updates here
Impact of TRX BTT Airdrop
With the upcoming TRX/BTT airdrop distribution, expect heightened volatility in TRX spot and contract markets. OKX will proactively adjust:
- Funding rates
- Price limits
- Other parameters
Stay tuned for further announcements.
FAQ
Q: Why is OKX adjusting TRX contract limits?
A: To mitigate risks from extreme volatility, ensuring market stability.
Q: How does the 5% deviation phase-in work?
A: It will be implemented incrementally, with final timing announced later.
Q: Will these changes affect my existing positions?
A: No, but new orders must comply with updated limits.
OKX remains committed to delivering a secure and efficient trading experience.
👉 Explore OKX's advanced trading tools
OKX Team
January 27, 2019 (HKT)
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