Dear OKX Users,
We are pleased to announce the official launch of ACE/USDT perpetual contracts on OKX web, mobile app, and API interfaces starting December 18, 2023, at 14:30 (UTC+8). Subsequently, ACE/USDT margin trading and Easy Earn products will be available from December 19, 2023, at 14:00 (UTC+8). Below are the detailed specifications:
I. Margin Trading and Easy Earn
ACE Margin Trading
- Available via USDT trading pairs.
- Leverage tiers will follow standard platform configurations. Refer to: 👉 Margin Borrowing Tier Guidelines.
Easy Earn Allocation
- Product quotas apply as per 👉 OKX Easy Earn Rules.
II. Perpetual Contracts
1. Contract Specifications
ACE/USDT Perpetual Contract Details:
| Contract Parameter | Value |
|---|---|
| Underlying | ACE/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 ACE |
| Price Quotation | USDT price per 1 ACE |
| Minimum Price Movement | 0.001 USDT |
| Leverage Range | 0.01–50x |
| Funding Rate Formula* | Clamp(MA([(Mark Price – Spot Index) / Spot Index – Interest]), -0.75%, 0.75%) |
| Trading Hours | 24/7 |
Funding Rate Note:
To ensure stability during initial launch, the funding rate cap will temporarily be set at 0.03% until 00:00 (UTC+8) on December 19, 2023, after which it reverts to the standard 1.50%. Actual rate collection begins at 16:00 (UTC+8) on December 19.
Additional trading rules (e.g., order limits) align with OKX’s standard perpetual contracts. Review the full documentation: 👉 Perpetual Contracts Guide.
FAQs
Q1: What leverage options are available for ACE/USDT perpetual contracts?
A: Traders can select leverage between 0.01x and 50x, adjustable based on risk tolerance.
Q2: How does the funding rate work for new contracts?
A: A reduced 0.03% cap applies initially to prevent volatility, normalizing to 1.50% after 24 hours.
Q3: Can I participate in Easy Earn immediately after launch?
A: Yes, but allocation limits may apply. Check the Easy Earn page for real-time updates.
OKX remains committed to delivering exceptional products and services. For further assistance, visit our Help Center.
OKX Team
December 18, 2023
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- **Commercial Neutrality**: Removed promotional elements per guidelines.