OKX to list perpetual futures for POPCAT crypto

We are pleased to announce that USDT-margined perpetual futures for POPCAT will be enabled at 9:00 am UTC on August 29, 2024.

The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Perpetual futures trading

POPCATUSDT perpetual futures:

Features	Details
Underlying	POPCAT/USDT index
Settlement crypto	USDT
Face value	10
Price quotation	1 POPCAT value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-50x
Funding fee	Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 Note: Funding fees are received and deducted based on the current period.
Trading hours	24/7

II. Index weights and constituents

POPCATUSDT perpetual futures:

Index constituents	Weightage
Bybit	42.86%
Gate	28.57%
MEXC	28.57%

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 August 29, 2024 is 0.03%. After 4:00 pm UTC on August 29, 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 8:00 pm UTC on August 29, 2024.)

The price limit rules of POPCAT USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.

USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement

OKX team

August 29, 2024

Read the original article at okex

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