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OKX to list perpetual trading for MAX and ONDO crypto, along with their margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual futures for MAX will be enabled at 8:30 am UTC on August 6, 2024. MAX margin trading and Simple Earn will be enabled at 8:00 am UTC on August 6, 2024. Besides, USDT-margined perpetual futures for ONDO will be enabled at 10:30 am UTC on August 6, 2024. ONDO margin trading and Simple Earn will be enabled at 10:00 am UTC on August 6, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Margin trading and Simple Earn
Spot margin trading will be activated for the following pair: MAX/USDT and ONDO/USDT.
For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing.
For the limits of Simple Earn, please refer to the Introduction to OKX Simple Earn and Its Rules after the official listing.
II. Perpetual futures trading
MAXUSDT perpetual futures:
Features | Details |
Underlying | MAX/USDT index |
Settlement asset | USDT |
Face value | 10 |
Price quotation | 1 MAX value calculated in USDT equivalent |
Tick size | 0.00001 |
Leverage | 0.01-50x |
Funding rate | 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 |
ONDOUSDT perpetual futures:
Feature | Details |
Underlying | ONDO/USDT index |
Settlement asset | USDT |
Face value | 10 |
Price quotation | 1 ONDO value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-50x |
Funding rate | 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 |
Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on August 6, 2024 is 0.03%. After 4:00 pm UTC on August 6, 2024, the upper limit of the predicted funding rate will be adjusted back to normal 1.50% (the funding fee for this period will be charged at 12:00 am UTC on August 7, 2024).
The price limit rules of MAX and ONDO 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 6, 2024
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