Dear OKX Users,
We are excited to announce the official launch of ACE/USDT perpetual contracts on December 18, 2023, at 14:30 (UTC+8), available across web, app, and API platforms. Additionally, ACE/USDT margin trading and Simple Earn products will go live on December 19, 2023, at 14:00 (UTC+8). Below are the detailed rules:
1. Margin Trading and Simple Earn
- ACE/USDT Pair: ACE will support USDT-denominated margin trading.
- Leverage Tiers: Refer to the Margin Borrowing Tier Guide post-launch for gradient details.
- Simple Earn Quotas: Check the OKX Simple Earn Rules for allocation limits.
👉 Learn how to maximize yields with Simple Earn
2. Perpetual Contracts
Contract Specifications
| Contract Feature | Details |
|---|---|
| Underlying | ACE/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 |
| Pricing Unit | USDT price per 1 ACE |
| Minimum Price Increment | 0.001 |
| 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 |
Note: To ensure fair funding rate calculations during initial volatility, the cap will temporarily adjust to 0.03% until 00:00 (UTC+8) on December 19, 2023, reverting to 1.50% thereafter. Actual rate collection begins at 16:00 (UTC+8) that day.
Standard limit-order rules apply. For full details, review our Perpetual Contracts Documentation.
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FAQ Section
Q: What’s the minimum investment for Simple Earn?
A: Requirements vary by product; check the app for specifics.
Q: Can I trade ACE contracts during maintenance?
A: No. Trading halts during scheduled upgrades but resumes automatically afterward.
Q: How is the funding rate calculated?
A: Rates derive from the disparity between perpetual contract prices and the spot index, adjusted periodically.
OKX remains committed to delivering exceptional products and services.
OKX Team
December 18, 2023
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