Dear OKX Users,
OKX is excited to announce the official launch of RONUSDT perpetual contracts on the web, app, and API at 6:00 PM (UTC+8) on December 11, 2023. Additionally, RON/USDT margin trading and Simple Earn will go live at 5:30 PM (UTC+8) on the same day. Below are the detailed rules:
1. Margin Trading and Simple Earn
- RON will support USDT pair margin trading upon launch.
- Leverage tiers: Refer to the Margin Borrowing Position Tiers documentation post-launch.
- Simple Earn quotas: Check the OKX Simple Earn Rules after launch.
2. Perpetual Contracts
Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | RON/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 |
| Pricing Unit | USDT price per 1 RON |
| Minimum Price Movement | 0.001 |
| Leverage Range | 0.01–50x |
| Funding Rate Formula | Clamp(MA([(Bid+Ask)/2 – Spot Index] / Spot Index – Interest), -0.75%, 0.75%) (Interest = 0) |
| Trading Hours | 24/7 |
Notes:
To ensure fair funding rate calculations during initial volatility:
- December 12, 2023, 12:00 AM (UTC+8): Max funding rate capped at 0.03%.
- After December 12, 4:00 PM (UTC+8): Normalizes to 1.50%.
- Other rules (e.g., limit orders) align with standard perpetual contracts. Refer to the Perpetual Contracts Guide for details.
FAQs
Q1: When does RON margin trading start?
A1: RON/USDT margin trading begins at 5:30 PM (UTC+8) on December 11, 2023.
Q2: What’s the maximum leverage for RON perpetual contracts?
A2: Up to 50x.
Q3: How is the funding rate calculated?
A3: It uses a clamped moving average of the premium index minus interest (0%), bounded between -0.75% and +0.75%.
OKX is committed to delivering exceptional products and services.
OKX Team
December 11, 2023
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