OKX to list perpetual for ULTI crypto, along with its margin trading and Simple Earn

Published on Jun 7, 2024Updated on Jun 11, 20242 min read

We are pleased to announce that USDT-margined perpetual futures for ULTI will be enabled at 7:30 am UTC on Jun 7, 2024. ULTI margin trading and Simple Earn will be enabled at 7:00 am UTC on Jun 7, 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

  1. Spot margin trading will be activated for the following pair: ULTI/USDT.

  2. For the details of the tiered margin level, please refer to Margin Borrowing Position Tiers after the official listing.

  3. 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

ULTIUSDT perpetual futures:

Features

Details

Underlying

ULTI/USDT index

Settlement crypto

USDT

Face value

100

Price quotation

1 ULTI value calculated in USDT equivalent

Tick size

0.00001

Leverage

0.01-50x

Funding fee

Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), 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 Jun 7, 2024 is 0.03%. After 4:00 pm UTC on Jun 7, 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 Jun 8, 2024.)

The price limit rules of ULTI 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

Jun 7, 2024