Dear OKX Users,
We are pleased to announce the official launch of ATHUSDT perpetual contracts on our web, mobile app, and API platforms at 12:00 PM UTC+8 on June 13, 2024. Additionally, ATH/USDT leverage trading and Easy Earn will go live at 11:30 AM UTC+8 the same day. Below are the detailed rules and features:
I. Leverage Trading & Easy Earn
- ATH Leverage Trading:
ATH will be available for USDT-margined leverage trading upon launch. - Leverage Tiers:
For tiered margin requirements, refer to the platform post-launch. - Easy Earn Quotas:
Check the app for available subscription limits after launch.
II. Perpetual Contracts
Contract Specifications
| Contract Feature | Details |
|---|---|
| Underlying | ATH/USDT Index |
| Settlement Currency | USDT |
| Face Value | 100 |
| Price Quotation | USDT price per 1 ATH |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01x–20x |
| Funding Rate Formula | Clamp(MA([(Best Bid + Best Ask)/2 – Spot Index]/Spot Index – Interest), -0.75%, 0.75%) (Interest = 0) |
| Trading Hours | 24/7 |
Note: To ensure fair initial funding rates, a 0.03% cap applies until 00:00 UTC+8 on June 14, after which it reverts to the standard 1.5% maximum. The adjusted rate takes effect at 08:00 UTC+8 on June 14.
👉 Explore ATH Perpetual Contracts
FAQ
Q1: When does ATH leverage trading start?
A: June 13, 2024, at 11:30 AM UTC+8.
Q2: What’s the maximum leverage for ATHUSDT contracts?
A: 20x.
Q3: Are funding rates applied immediately?
A: Yes, but with a reduced cap during the first 24 hours.
OKX remains committed to delivering exceptional products and services.
For real-time updates, visit 👉 OKX Official Site.
OKX Team
June 13, 2024