Dear OKX Users,
We're excited to announce the official launch of AVAAIUSDT, BUZZUSDT, and PIPPINUSDT perpetual contracts on OKX's web platform, mobile app, and API starting January 27, 2025, between 7:00 PM and 7:30 PM (UTC+8). Below are the key details:
1. Trading Schedule
- AVAAIUSDT: Opens at 7:00 PM (UTC+8)
- BUZZUSDT: Opens at 7:15 PM (UTC+8)
- PIPPINUSDT: Opens at 7:30 PM (UTC+8)
2. Contract Specifications
AVAAIUSDT Perpetual Contract
Project: Ava is the first AI agent built on HoloworldAI.
👉 Learn more about AI-powered trading
| Contract Element | Details |
|---|---|
| Underlying | AVAAI/USDT Index |
| Settlement Currency | USDT |
| Face Value | 10 |
| Tick Size | 0.00001 |
| Leverage | 0.01–20x |
| Funding Fee | Clamp(MA([(Mark Price – Spot Index)/Spot Index – Interest]), -1.5%, 1.5%) |
| Funding Interval | 4 hours |
| Trading Hours | 24/7 |
BUZZUSDT Perpetual Contract
Project: Hive AI is a decentralized network of composable DeFi agents.
| Contract Element | Details |
|---|---|
| Underlying | BUZZ/USDT Index |
| Settlement Currency | USDT |
| Face Value | 100 |
| Tick Size | 0.00001 |
| Leverage | 0.01–20x |
| Funding Fee | Same as AVAAIUSDT |
| Trading Hours | 24/7 |
PIPPINUSDT Perpetual Contract
Project: PIPPIN is an AI meme coin named by ChatGPT.
| Contract Element | Details |
|---|---|
| Underlying | PIPPIN/USDT Index |
| Settlement Currency | USDT |
| Face Value | 10 |
| Tick Size | 0.00001 |
| Leverage | 0.01–20x |
| Funding Fee | Same as AVAAIUSDT |
| Trading Hours | 24/7 |
Special Notes
- Funding Rate Cap: Temporarily reduced to 0.5% until January 28, 2025, 00:00 (UTC+8), after which it reverts to 1.5%.
- Market volatility may prompt adjustments to funding rates.
👉 Explore advanced trading strategies
FAQ Section
Q1: What’s the minimum trade size for these contracts?
A: The face values are 10 (AVAAI/PIPPIN) and 100 (BUZZ) per contract.
Q2: Are there any trading restrictions?
A: No—all contracts support 24/7 trading with up to 20x leverage.
Q3: How are funding fees calculated?
A: Fees are derived from the difference between mark and spot prices, clamped to ±1.5%.
Q4: Can I use API to trade these contracts?
A: Yes, API access is available at launch.
OKX remains committed to delivering top-tier products and services.
OKX Team
January 27, 2025