Dear OKX Users,
We're excited to announce the official launch of SUI/USDT leverage trading, Savings feature, and SUIUSDT perpetual contracts across all platforms (Web, App, and API) starting May 5, 2023, at 12:00 HKT. Below are the complete details:
I. Leverage Trading & Savings
- Trading Pairs: SUI will be available for margin trading with USDT pairs.
Leverage Tiers:
- Tiered margin levels apply (refer to Margin Position Tiers post-launch).
Savings Limits:
- Deposit caps vary (see OKX Savings Rules after launch).
👉 Maximize your SUI holdings with OKX Savings
II. Perpetual Contracts
1. Contract Specifications
SUIUSDT Perpetual Contract:
| Parameter | Detail |
|---|---|
| Underlying Index | SUI/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 SUI |
| Price Quotation | USDT price per 1 SUI |
| Minimum Price Movement | 0.0001 |
| Leverage | 0.01–75x |
| Funding Rate Formula | Clamp(MA((MidPrice−SpotIndex)/SpotIndex − Interest), −0.75%, 0.75%) (Interest = 0) |
| Trading Hours | 24/7 |
Note:
- Initial funding rate cap: 0.03% until 24:00 HKT on May 5, 2023, to prevent volatility-related anomalies.
- Post-May 5, the cap reverts to 1.50% (first applied at 16:00 HKT on May 6, 2023).
- Other rules (e.g., limit orders) align with standard perpetual contracts.
For full terms:
👉 OKX Perpetual Swap User Agreement
FAQs
Q1: What’s the minimum investment for SUI Savings?
A1: Limits vary; check the Savings portal post-launch.
Q2: Can I trade SUI perpetual contracts on mobile?
A2: Yes—available on OKX App, Web, and API.
Q3: How often is the funding rate calculated?
A3: Every 8 hours (04:00, 12:00, 20:00 UTC+8).
Q4: Is there a maximum leverage for SUI?
A4: Yes, up to 75x, but tiered requirements apply.
OKX remains committed to delivering exceptional products and services.
OKX Team
May 4, 2023 (HKT)
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