OKX to list perpetual for FXS and LQTY crypto, along with their margin trading and Simple Earn

Published on Jan 12, 20242 min read

We are pleased to announce that USDT-margined perpetual swaps for FXS will be enabled at 8:00 am UTC on January 12. FXS margin trading and Simple Earn will be enabled at 7:30 am UTC on January 12. Besides, USDT-margined perpetual swaps for LQTY will be enabled at 10:00 am UTC on January 12. LQTY margin trading and Simple Earn will be enabled at 9:30 am UTC on January 12.
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: FXS/USDT and LQTY/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 swap trading
FXSUSDT perpetual swap:

Features Details
Underlying FXS/USDT index
Settlement asset USDT
Face value 1
Price quotation 1 FXS value calculated in USDT equivalent
Tick size 0.001
Leverage 0.01-20x
Funding rate Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0
Trading hours 24/7

LQTYUSDT perpetual swap:

Feature Details
Underlying LQTY/USDT index
Settlement asset USDT
Face value 1
Price quotation 1 LQTY value calculated in USDT equivalent
Tick size 0.001
Leverage 0.01-20x
Funding rate Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0
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 rate before 4:00 pm UTC on January 12 is 0.03%. After 4:00 pm UTC on January 12, the upper limit of the predicted funding rate will be adjusted back to normal 1.50% (the funding fee for this period will be charged at 8:00 am UTC on January 13).

The price limit rules of FXS and LQTY USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.
USDT-margined perpetual swap trading: OKX Perpetual Swap Trading User Agreement

OKX team
January 12, 2023