OKX Announces Listing of ATH Perpetual Futures and Margin Trading
OKX has announced the upcoming listing of USDT-margined perpetual futures for ATH (ATH/USDT), along with the activation of margin trading and Simple Earn for the same pair. The new offerings will be available starting June 13, 2024, according to the official announcement from OKX.
Margin Trading and Simple Earn
Spot margin trading for the ATH/USDT pair will be activated at 3:30 am UTC on June 13, 2024. Users interested in margin trading can refer to the Margin Borrowing Position Tiers for detailed information on tiered margin levels. For Simple Earn, users can find the limits and rules in the Introduction to OKX Simple Earn and Its Rules.
Perpetual Futures Trading
The ATH/USDT perpetual futures will be launched at 4:00 am UTC on June 13, 2024. These futures will have the following features:
| Features | Details |
| Underlying | ATH/USDT index |
| Settlement crypto | USDT |
| Face value | 100 |
| Price quotation | 1 ATH value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01-20x |
| Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0 |
| Trading hours | 24/7 |
It is noted that the funding fee will have a temporary upper limit of 0.03% until 4:00 pm UTC on June 13, 2024, to avoid unreasonable charges during the initial launch period. After this period, the upper limit will revert to the normal rate of 1.50%. The funding fee for this period will be charged at 12:00 am UTC on June 14, 2024.
For more information on the rules and guidelines for perpetual futures trading, users can refer to the OKX Perpetual Futures Trading User Agreement.
OKX continues to expand its offerings, providing more opportunities for traders to diversify their portfolios and engage in various trading strategies.
Source: OKX