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      OKX Akan Menghadirkan Perpetual, Trading Margin, Dan Simple Earn Untuk Kripto DEGEN, SLERF, Dan ARKM

      We are pleased to announce that USDT-margined perpetual swaps for DEGEN, SLERF, and ARKM will be enabled between 8:00 am and 8:30 am UTC on November 21, 2024. Margin trading and Simple Earn for DEGEN, SLERF, and ARKM will be enabled between 10:00 am and 10:30 am UTC on November 21, 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

      1. Spot margin trading will be activated for the following pairs: DEGEN/USDT, SLERF/USDT, and ARKM/USDT. Listing time:

        • DEGEN/USDT: 10:00 am UTC on November 21, 2024

        • SLERF/USDT: 10:05 am UTC on November 21, 2024

        • ARKM/USDT: 10:10 am UTC on November 21, 2024

      2. For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing.

      3. For the limits of Simple Earn, please refer to the Introduction to OKX Simple Earn and Its Rules after the official listing.

      II. Perpetual swap tradingListing time:

      • DEGENUSDT: 8:00 am UTC on November 21, 2024

      • SLERFUSDT: 8:15 am UTC on November 21, 2024

      • ARKMUSDT: 8:30 am UTC on November 21, 2024


      DEGENUSDT perpetual swap:

      Features

      Details

      Underlying

      DEGEN/USDT index

      Settlement asset

      USDT

      Face value

      100

      Price quotation

      1 DEGEN value calculated in USDT equivalent

      Tick size

      0.000001

      Leverage

      0.01-50x

      Funding rate

      Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0

      Trading hours

      24/7

      SLERFUSDT perpetual swap:

      Feature

      Details

      Underlying

      SLERF/USDT index

      Settlement asset

      USDT

      Face value

      10

      Price quotation

      1 SLERF 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), -1.5%, 1.5%), Interest = 0

      Trading hours

      24/7

      ARKMUSDT perpetual swap:

      Feature

      Details

      Underlying

      ARKM/USDT index

      Settlement asset

      USDT

      Face value

      1

      Price quotation

      1 ARKM value calculated in USDT equivalent

      Tick size

      0.001

      Leverage

      0.01 ~ 50x

      Funding rate

      Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0

      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 fee before 4:00 pm UTC on November 21, 2024 is 0.03%. After 4:00 pm UTC on November 21, 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 0:00 am UTC on November 22, 2024.)

      The price limit rules of USDT-margined perpetual futures trading for DEGEN, SLERF, and ARKM 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

      November 20, 2024

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