To enhance market liquidity and mitigate trading risks, OKX has implemented precision adjustments for LUNA and ANC trading pairs and perpetual contracts. These changes optimize price accuracy, funding rates, limit rules, and order parameters to improve trade execution and risk management.
Key Parameter Adjustments
1. Price Precision Updates
| Business Line | Trading Pair/Contract | Previous Precision | New Precision |
|---|---|---|---|
| Spot Trading | LUNA/USDT | 0.001 | 0.0001 |
| Spot Trading | LUNA/UST | 0.001 | 0.0001 |
| Perpetual Contracts | LUNAUSDT | 0.001 | 0.0001 |
Implementation Notes:
- Existing orders will remain active
- Order history displays reflect new precision
- Trade execution maintains original precision for outstanding orders
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2. Tiered Margin Rules
| Contract | Tier | Min Contracts | Max Contracts | MMR | IM Rate | Max Leverage |
|---|---|---|---|---|---|---|
| LUNAUSDT | 1 | 0 | 150,000 | 1% | 1.3% | 75x |
| 2 | 150,001 | 300,000 | 1.5% | 2% | 50x | |
| ANCUSDT | 1 | 0 | 8,000 | 1% | 1.3% | 75x |
| 2 | 8,000 | 20,000 | 1.5% | 2% | 50x |
Tables continue with additional tiers
3. Index Composition Changes
ANC Index Adjustments:
- Added Binance as 25% weighted component
- Equalized weights across 4 exchanges (was previously 3)
LUNA Index Updates:
- Replaced Coinbase with FTX pricing
- Maintained 25% distribution across sources
4. Funding Rate Modifications
| Effective Period | Rate Floor | Rate Ceiling |
|---|---|---|
| Before May 11, 16:00 HKT | -0.75% | 0.75% |
| May 11 16:00 - May 12 16:00 HKT | -5% | 5% |
| After May 12, 16:00 HKT | -10% | 10% |
5. Limit Price Rule Updates
| Contract | Parameter | Previous | Updated |
|---|---|---|---|
| LUNAUSDT | Z | 8% | 35% |
| ANCUSDT | Z | 15% | 25% |
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6. Order Quantity Adjustments
| Order Type | LUNAUSDT (Previous) | LUNAUSDT (New) | ANCUSDT (Previous) | ANCUSDT (New) |
|---|---|---|---|---|
| Market Close All | 14,000 | 100,000 | 3,000 | 50,000 |
| Stop-Loss Take-Profit | 14,000 | 100,000 | 3,000 | 50,000 |
FAQ Section
Q: Will my existing LUNA orders be canceled?
A: No, all active orders remain valid but will display with adjusted precision.
Q: When do the new funding rates take effect?
A: Rates transition in phases from May 11-12, with final parameters active after May 12 16:00 HKT.
Q: How does the ANC index change affect pricing?
A: The additional exchange component creates more stable index values with reduced single-source influence.
Q: What's the maximum leverage now available for LUNA?
A: Tier 1 positions can utilize up to 75x leverage under new margin requirements.
Q: Are these changes permanent?
A: Parameters may be further adjusted based on market conditions without additional notice.
OKX remains committed to providing optimal trading infrastructure and responsive market mechanisms. All changes reflect our dedication to market stability and trader protection.