We're excited to announce that margin trading, savings, and USDT-margined perpetual swaps for RSS3 and UMEE will go live at 7:00 am UTC on February 24. These updates will be available across OKX's web platform, mobile app, and API.
Margin Trading and Savings
Key Features:
- Spot margin trading pairs: RSS3/USDT and UMEE/USDT.
- Tiered margin ratios: Refer to Margin Borrowing Position Tiers post-launch.
- Savings limits: Detailed in the Business Rules for Savings.
👉 Start margin trading with competitive leverage today
Perpetual Swap Trading
RSS3USDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | RSS3/USDT Index |
| Settlement asset | USDT |
| Face value | 10 RSS3 |
| Leverage | 0.01–75x |
| Funding rate formula | Clamp(MA(((bid + offer)/2 - spot index)/spot index - interest), -0.75%, 0.75%) |
| Trading hours | 24/7 |
UMEEUSDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | UMEE/USDT Index |
| Settlement asset | USDT |
| Face value | 10 UMEE |
| Leverage | 0.01–75x |
| Funding rate formula | Same as RSS3 |
| Trading hours | 24/7 |
Note:
- Funding rate caps are temporarily reduced to 0.03% until 4:00 pm UTC on February 24 to mitigate premium volatility. Normal rates (0.75%) resume thereafter.
- Price limits align with OKX's standard perpetual swap rules.
👉 Explore perpetual swaps with low fees and high liquidity
FAQ
Q1: When will RSS3 and UMEE margin trading begin?
A1: 7:00 am UTC on February 24.
Q2: What’s the maximum leverage for these perpetual swaps?
A2: 75x for both RSS3 and UMEE.
Q3: Are there restrictions on savings deposits?
A3: Yes, refer to the Savings Business Rules for limits.
Q4: Why is the funding rate capped at 0.03% initially?
A4: To prevent excessive charges due to post-launch price volatility.
For full terms, review the OKX Perpetual Swap Trading Guide.
Keywords: RSS3, UMEE, margin trading, perpetual swaps, OKX, leverage, funding rate, crypto savings
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