Dear OKX Users,
We are excited to announce the official launch of TIAUSDT perpetual contracts, leverage trading, and Simple Earn products for TIA/USDT pairs. Below are the detailed rules and specifications:
I. Leverage Trading & Simple Earn
1. TIA Leverage Trading
- Trading Pair: TIA/USDT
- Leverage Tiers: Refer to the Margin Trading Position Tiers Guide post-launch for gradient settings.
2. Simple Earn
- Product Rules: Allocation limits and participation guidelines are available in the Simple Earn Business Rules after launch.
II. Perpetual Contracts
1. Contract Specifications
TIAUSDT Perpetual Contract:
| Contract Element | Details |
|---|---|
| Underlying | TIA/USDT Index |
| Settlement Crypto | USDT |
| Face Value | 1 |
| Price Quotation | USDT price per 1 TIA |
| Minimum Price Increment | 0.001 |
| Leverage Range | 0.01x – 50x |
| Funding Rate Formula | Clamp(MA([(Bid+Ask)/2 – Spot Index]/Spot Index – Interest), -0.75%, 0.75%) (Interest = 0) |
| Trading Hours | 24/7 |
👉 Learn how funding rates work
Special Notes:
- To ensure fair funding rate calculations during initial volatility, the rate cap will be 0.03% until 00:00 UTC+8 on November 2, 2023, reverting to the standard 1.50% thereafter.
- All other trading rules (e.g., limit orders) align with existing perpetual contracts. Review the Perpetual Contracts Documentation for details.
FAQs
1. When does TIA leverage trading start?
Leverage trading for TIA/USDT begins at 12:00 HKT on November 1, 2023.
2. What’s the maximum leverage for TIAUSDT contracts?
The leverage range is 0.01x to 50x, adjustable based on risk tolerance.
3. How are funding rates calculated?
Rates derive from the premium between contract mid-price and spot index, clamped to ±0.75%.
👉 Explore advanced trading strategies
OKX remains committed to delivering top-tier products and services.
OKX Team
October 31, 2023
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