ChainOff Network, March 31, 2025 — OKX is set to launch GUNUSDT perpetual contracts across its web platform, mobile app, and API at 9:30 PM UTC+8 on March 31, 2025. Key details are outlined below:
Key Features of GUNUSDT Perpetual Contracts
1. Trading Launch Time
- GUNUSDT Contracts: Trading begins at 9:30 PM UTC+8 on March 31, 2025.
2. Contract Specifications
GUN (Gunz) is the native token of Gunz, a popular gaming platform. Its flagship title, Off the Grid, is a AAA battle royale game developed over four years and now publicly available.
| Contract Parameter | Details |
|---|---|
| Underlying Asset | GUN/USDT Index |
| Settlement Currency | USDT |
| Price Quotation | USDT price per 1 GUN |
| Leverage | 0.01x – 20x |
| Funding Fee Formula | Clamp(MA([(Contract Bid + Ask)/2 – Spot Index] / Spot Index – 0), ±1.5%) |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Note: To mitigate volatility during initial launch, funding rate caps are set at 0.5% until April 1, 2025, 12:00 AM UTC+8, after which the cap reverts to 1.5%. Adjustments may be made based on market conditions.
👉 Trade GUNUSDT with low fees on OKX
Why Trade GUN Perpetual Contracts?
- High Leverage: Up to 20x leverage for flexible trading strategies.
- 24/7 Liquidity: Continuous trading with tight spreads.
- USDT Settlement: Eliminate cross-currency risks with stablecoin margining.
FAQs
Q1: What is the funding fee mechanism?
A: Funding fees balance perpetual contract prices with spot market rates, calculated every 4 hours. Traders pay/receive fees based on their position direction.
Q2: Can I use API for GUNUSDT trading?
A: Yes! OKX supports API integration for algorithmic trading.
👉 Explore OKX API documentation
Q3: How is the GUN/USDT index price determined?
A: The index aggregates prices from major exchanges like Binance and Coinbase to ensure fairness.
OKX remains committed to delivering cutting-edge trading products and exceptional service. Stay tuned for more updates!
Disclaimer: Cryptocurrency trading involves risk. Conduct your own research before participating.
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