Dear OKX Users,
We're excited to announce the official launch of COREUSDT perpetual contracts on our web platform, mobile app, and API at 22:00 (HKT) on February 8, 2023, followed by CORE/USDT margin trading and savings products at 15:00 (HKT) on February 9, 2023. Below are the detailed specifications:
I. Margin Trading and Savings Products
- CORE will be available for USDT-paired margin trading and savings simultaneously.
II. Perpetual Contracts
1. Contract Specifications
COREUSDT Perpetual Contract:
| Contract Element | Details |
|---|---|
| Underlying | CORE/USDT Index |
| Settlement Coin | USDT |
| Contract Face Value | 1 CORE |
| Price Quotation | USDT price per 1 CORE |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01～75x |
| Funding Rate Formula | Clamp(MA(((Mark Price-Spot Index Price)/Spot Index Price-Interest)), -0.75%, 0.75%) with Interest=0 |
| Trading Hours | 24/7 |
Important Note: During initial listing, premium may be unstable. To ensure fair funding rate collection:
- Before 24:00 HKT February 8, 2023: Maximum funding rate capped at 0.03%
- After 24:00 HKT February 8, 2023: Normal maximum funding rate of 1.50% applies (first collection occurs at 16:00 HKT February 9, 2023)
👉 Learn how perpetual contracts work
All other trading rules (including price limits) for COREUSDT perpetual contracts align with our standard practices. Refer to our perpetual contracts documentation for details.
Core Features Overview
- Flexible leverage ranging from 0.01x to 75x
- 24/7 trading with continuous market access
- USDT settlement for simplified accounting
- Competitive funding rates with protective mechanisms
FAQ Section
Q: When can I start trading CORE perpetual contracts?
A: Trading begins at 22:00 HKT on February 8, 2023.
Q: What's the minimum order size for CORE margin trading?
A: The minimum order size is 1 CORE.
Q: How often are funding payments exchanged?
A: Funding occurs every 8 hours at 00:00, 08:00, and 16:00 UTC.
Q: Is CORE available for cross-margin trading?
A: Yes, CORE is available for both isolated and cross-margin modes.
We remain committed to delivering exceptional products and services to our valued users.
OKX Team