OKX updates the listing time for PENGU perpetual

We are pleased to announce that USDT-margined perpetual futures for PENGU will be enabled at 3:55 pm UTC on December 17, 2024.

This update covers both the web and app interfaces as well as the API. The details are as follows:

Features	Details
Underlying	PENGU/USDT index
Settlement crypto	USDT
Face value	100
Price quotation	1 PENGU value calculated in USDT equivalent
Tick size	0.000001
Leverage	0.01-50x
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

Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on December 17, 2024 is 0.03%. After 4:00 pm UTC on December 17, 2024, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 12:00 am UTC on December 18, 2024.)

The price limit rules of PENGU 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
December 17, 2024

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