Fiat currencies
Crypto Currencies
No results for ""
We couldn't find anything matching your search.Try again with a different term.
Announcement on adjusting some trading specifications for LUNA and ANC spot and perpetual contracts
To further improve market liquidity and mitigate risks, at 4 AM UTC May 12, OKX has adjusted the tick sizes of LUNA/USDT and LUNA/UST spot trading, and the tick sizes, position tiers, index components, price limits, funding rate, and order management rules of LUNAUSDT and ANCUSDT perpetual contracts. The adjustment details are as follows:
1. Tick sizes
Type | Pair | Before | After |
Spot | LUNA/USDT | 0.001 | 0.0001 |
Spot | LUNA/UST | 0.001 | 0.0001 |
Perpetual | LUNAUSDT | 0.001 | 0.0001 |
Existing orders will not be canceled because of the tick sizes adjustment, and users should take note of the following:
a. Open orders and historic orders will be displayed with the adjusted tick sizes.
b. After the adjustment, existing orders, including those placed by API users, will still be filled according to the original tick sizes.
2. Perpetual position tiers
Perpetual | Tier | Min. amount (Cont) | Max. amount (Cont) | Maintenance margin ratio | Min. initial margin ratio | Max. leverage |
LUNAUSDT | 1 | 0 | 150,000 | 1.00% | 1.30% | 75 |
2 | 150,001 | 300,000 | 1.50% | 2.00% | 50 | |
3 | 300,001 | 600,000 | 2.00% | 5.00% | 20 | |
4 | 600,001 | 1,200,000 | 2.50% | 5.50% | 18.18 | |
5 | Increase by 600,000 conts from the previous tier | Increase by 600,000 conts from the previous tier | Increase by 0.5% from the previous tier | Increase by 0.5% from the previous tier | Max. leverage of the tier | |
ANCUSDT | 1 | 0 | 8,000 | 1.00% | 1.30% | 75 |
2 | 8,000 | 20,000 | 1.50% | 2.00% | 50 | |
3 | 20,000 | 80,000 | 2.00% | 5.00% | 20 | |
4 | 80,000 | 160,000 | 2.50% | 5.50% | 18.18 | |
5 | Increase by 80,000 conts from the previous tier | Increase by 80,000 conts from the previous tier | Increase by 0.5% from the previous tier | Increase by 0.5% from the previous tier | Max. leverage of the tier |
3. Index
Index | Before | After | ||||
Exchange | Pair | Weight | Exchange | Pair | Weight | |
ANC/USD | Gate | ANC/USDT | 33.3% | Gate | ANC/USDT | 25% |
Kuoin | ANC/USDT | 33.3% | Kucoin | ANC/USDT | 25% | |
OKX | ANC/USDT | 33.3% | OKX | ANC/USDT | 25% | |
Binance | ANC/USDT | 25% | ||||
ANC/USDT | Gate | ANC/USDT | 33.3% | Gate | ANC/USDT | 25% |
Kucoin | ANC/USDT | 33.3% | Kucoin | ANC/USDT | 25% | |
OKX | ANC/USDT | 33.3% | OKX | ANC/USDT | 25% | |
Binance | ANC/USDT | 25% | ||||
4. Funding Rate
Fund rate rules:
Funding Rate = Clamp(MA(((Best Bid Best Offer)/2-Spot Index Price)/Spot Index Price-Interest),a,b)
*Interest is currently zero
The values of a and b are as follows:
Type | Pair | Effective on | a, b |
Perpetual | LUNAUSDT、ANCUSDT | Before 8 AM UTC May 11 | a=-0.75%，b=0.75% |
Perpetual | LUNAUSDT、ANCUSDT | 8 AM UTC 11 May - 8 AM UTC 11 May | a=-5%，b=5% |
Perpetual | LUNAUSDT、ANCUSDT | After 8 AM UTC 11 May | a=-10%，b=10% |
5. Price Limits
Formula of price limit:
Period | Max Buy Price | Min Sell Price |
Within 10 minutes after the contracts launched | Index *(1 X) | Index *(1-X) |
Contracts launched 10 minutes later | Min[Max(Index, Index *(1 Y) price movement average within the last 10 mins), Index *(1 Z)] | Max[Min(Index, Index *(1-Y) price movement average within the last 10 mins), Index *(1-Z)] |
The values of X, Y and Z are as follows:
Type | Pair | PriceLimits | X | Y | Z |
Perpetual | LUNAUSDT | Before | 4% | 4% | 8% |
Perpetual | LUNAUSDT | After | 6% | 6% | 35% |
Perpetual | ANCUSDT | Before | 6% | 6% | 15% |
Perpetual | ANCUSDT | After | 6% | 6% | 25% |
6. Order Management
Type | Pair | Order Management (Unit:cont) | Before | After |
Perpetual | LUNAUSDT | Upper limits per closing-market order | 14,000 | 100,000 |
Perpetual | LUNAUSDT | Upper limits per stop-market order | 14,000 | 100,000 |
Perpetual | LUNAUSDT | Upper limits per market order | 14,000 | 100,000 |
Perpetual | LUNAUSDT | Upper limits per Trigger-market order | 14,000 | 100,000 |
Perpetual | ANCUSDT | Upper limits per closing-market order | 3,000 | 50,000 |
Perpetual | ANCUSDT | Upper limits per stop-market order | 3,000 | 50,000 |
Perpetual | ANCUSDT | Upper limits per market order | 3,000 | 50,000 |
Perpetual | ANCUSDT | Upper limits per Trigger-market order | 3,000 | 50,000 |
The above parameters may be adjusted in real time according to market conditions, adjustments will not be notified in advance.
For any inquiries regarding this adjustment, please feel free to contact us in the OKX Telegram group or via the Support Center.
OKX
May 12, 2022 (UTC)
Click Here to Download OKX App >>>
Click Here for OKX Twitter >>>
Click Here to Join OKX Official Community >>>
Stay tuned to CoinCarp Social Media and Discuss with Us:
X (Twitter) | Telegram | Reddit
Download CoinCarp App Now: https://www.coincarp.com/app/
Up to $6,045 Bonuses
Sponsored
Join Bybit and receive up to $6,045 in Bonuses! Register Now!
