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OKX to list coin-margined perpetual for SUI, and TON crypto
We are pleased to announce that coin-margined perpetual futures for SUI, and TON will be enabled at 7:00 am - 7:30 am UTC on October 18, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
SUI/USD perpetual futures trading will open at 7:00 am UTC on October 18, 2024.
TON/USD perpetual futures trading will open at 7:15 am UTC on October 18, 2024.
II. Perpetual futures trading
SUIUSD perpetual futures:
Features | Details |
Underlying | SUI/USD index |
Settlement crypto | SUI |
Face value | 10 |
Price quotation | 1 SUI value calculated in USD equivalent |
Tick size | 0.0001 |
Leverage | 0.01-20x |
Funding fee | Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Trading hours | 24/7 |
TONUSD perpetual futures:
Features | Details |
Underlying | TON/USD index |
Settlement crypto | TON |
Face value | 10 |
Price quotation | 1 TON value calculated in USD equivalent |
Tick size | 0.001 |
Leverage | 0.01-20x |
Funding fee | Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Trading hours | 24/7 |
III. Index weights and constituents
SUIUSD perpetual futures:
Index constituents | Weightage |
Binance | 30.76% |
Bybit | 23.07% |
Gate | 15.38% |
OKX | 30.76% |
TONUSD perpetual futures:
Index constituents | Weightage |
Bybit | 27.27% |
OKX | 36.36% |
Kucoin | 18.18% |
Gate | 18.18% |
Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on October 18, 2024 is 0.03%. After 4:00 pm UTC on October 18, 2024, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 12:00 am UTC on October 19, 2024.)
The price limit rules of SUI, and TON Coin-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
Coin-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
October 16, 2024
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