OKX to List Perpetual for HBAR
We are pleased to announce that USDT-margined perpetual swaps for HBAR will be enabled at 06:00 am UTC on August 16,2023.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
HBARUSDT Perpetual Swap:
| Feature | Details |
|---|---|
| Underlying | HBAR/USDT Index |
| Settlement asset | USDT |
| Face value | 100 |
| Price quotation | 1 HBAR value calculated in USDT equivalent |
| Tick size | 0.00001 |
| Leverage | 0.01~50x |
| 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 the 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 August 16 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 1.50% (the funding fee of this period will be charged at 8:00 am UTC on August 17).
The price limit rules of HBAR 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
August 15, 2023 (UTC)