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OKX to list perpetual for PNUT crypto, along with its margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual futures for PNUT will be enabled at 3:30 am UTC on November 12, 2024. PNUT margin trading and Simple Earn will be enabled at 8:00 am UTC on November 12, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Margin trading and Simple Earn
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Spot margin trading will be activated for the following pair: PNUT/USDT.
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For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing.
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For the limits of Simple Earn, please refer to the Introduction to OKX Simple Earn and Its Rules after the official listing.
II. Perpetual futures trading
PNUTUSDT perpetual futures:
|
Features |
Details |
|
Underlying |
PNUT/USDT index |
|
Settlement crypto |
USDT |
|
Face value |
10 |
|
Price quotation |
1 PNUT value calculated in USDT equivalent |
|
Tick size |
0.0001 |
|
Leverage |
0.01-50x |
|
Funding fee |
Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
|
Trading hours |
24/7 |
Note: When a new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding fee before 4:00 pm UTC on November 12, 2024 is 0.03%. After 4:00 pm UTC on November 12, 2024, 2024, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 12:00 am UTC on November 13, 2024.)
The price limit rules of PNUT USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
November 12, 2024
