Dear OKX Users,
We are excited to announce the official launch of the LUNAUSDT Perpetual Contract on our platform (web, app, and API) starting May 28, 2022, at 22:00 HKT. Below are the key details:
LUNAUSDT Perpetual Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | LUNA/USDT Index |
| Settlement Currency | USDT |
| Face Value | 1 LUNA |
| Price Quotation | USDT price per 1 LUNA |
| Minimum Price Increment | 0.0001 |
| Leverage | 0.01x–75x |
| Funding Rate | Clamp(MA((Contract Mid Price - Spot Index Price) / Spot Index Price), -0.75%, 0.75%) |
| Trading Hours | 24/7 |
Special Notes
- To mitigate unstable premiums post-launch, the funding rate cap will temporarily be 0.03% until May 28, 2022, 24:00 HKT.
- After this period, the cap reverts to the standard 0.75% (effective from May 29, 16:00 HKT).
👉 Discover how perpetual contracts work
Key Features
- Limit Orders & Rules: Aligns with existing perpetual contracts for other assets.
- Risk Management: Adjust leverage dynamically to balance exposure.
For a deep dive into USDT-margined perpetual contracts, refer to:
👉 OKX Perpetual Swap Trading Guide
Why Trade LUNA on OKX?
- High Liquidity: Competitive spreads and deep order books.
- Flexible Leverage: Scale positions up to 75x.
- Transparent Fees: No hidden costs; funding rates are calculated fairly.
FAQ Section
Q1: What’s the funding rate cap after May 29?
A: The maximum funding rate will be 0.75%.
Q2: Can I trade LUNAUSDT contracts 24/7?
A: Yes, trading is available round-the-clock.
Q3: Is there a minimum trade size?
A: The face value is 1 LUNA per contract.
Q4: How is the funding rate calculated?
A: It’s derived from the difference between the contract mid-price and the spot index price, clamped within -0.75% to 0.75%.
Q5: Are there any launch promotions?
A: Stay tuned to OKX announcements for potential campaigns.
OKX remains committed to delivering cutting-edge products and exceptional service. Start trading LUNAUSDT perpetual contracts today!
For further details, visit: 👉 OKX Official Website
(This announcement was originally published on May 28, 2022.)
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2. **Structure**: Hierarchical headings, bullet points, and tables for clarity.
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