Dear OKX Users,
OKX is excited to announce the official launch of leverage trading, savings products (Savings), and perpetual contracts for EFI, CQT, and WNCG across our web, mobile app, and API platforms. Below are the detailed rules and features:
1. Leverage Trading & Savings Products
Key Features:
- Trading Pairs: EFI/USDT, CQT/USDT, WNCG/USDT.
- Leverage Tiers: Multi-level margin positions (refer to Margin Trading Position Tiers post-launch).
- Savings Limits: Dynamic allocation (see OKX Savings Rules).
👉 Explore OKX Leverage Trading
2. Perpetual Contracts
EFIUSDT Perpetual Contract Specifications:
| Contract Parameter | Details |
|---|---|
| Underlying | EFI/USDT Index |
| Settlement Coin | USDT |
| Face Value | 1 EFI |
| Price Quotation | USDT price per 1 EFI |
| Tick Size | 0.0001 |
| Leverage | 0.01–75x |
| Funding Rate | Clamped at ±0.75% (adjusted from 0.03% temporarily post-launch) |
| Trading Hours | 24/7 |
CQTUSDT Perpetual Contract Specifications:
| Contract Parameter | Details |
|---|---|
| Underlying | CQT/USDT Index |
| Settlement Coin | USDT |
| Face Value | 1 CQT |
| Price Quotation | USDT price per 1 CQT |
| Tick Size | 0.001 |
| Leverage | 0.01–75x |
| Funding Rate | Clamped at ±0.75% (adjusted from 0.03% temporarily post-launch) |
| Trading Hours | 24/7 |
WNCGUSDT Perpetual Contract Specifications:
| Contract Parameter | Details |
|---|---|
| Underlying | WNCG/USDT Index |
| Settlement Coin | USDT |
| Face Value | 1 WNCG |
| Price Quotation | USDT price per 1 WNCG |
| Tick Size | 0.0001 |
| Leverage | 0.01–75x |
| Funding Rate | Clamped at ±0.75% (adjusted from 0.03% temporarily post-launch) |
| Trading Hours | 24/7 |
Note: Initial funding rate cap is 0.03% for stability, reverting to 0.75% after the first 24 hours.
FAQs
1. What are the trading hours for these perpetual contracts?
- Trading is available 24/7 without interruption.
2. How does the funding rate work?
- Rates adjust periodically based on the price difference between the contract and spot index, clamped at ±0.75%.
3. Can I use leverage for these new pairs?
- Yes, leverage ranges from 0.01x to 75x for all three pairs.
👉 Learn more about OKX Perpetual Contracts
OKX remains committed to delivering innovative products and exceptional services. Start trading today!
OKX Team
August 20, 2021 (HKT)
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