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      OKX to list perpetual for BIGTIME and enable margin trading and Simple Earn

      OKX's logo OKX

      We are pleased to announce that BIGTIME margin trading and Simple Earn will be enabled at 08:00 am UTC on October 13. USDT-margined perpetual swaps for BIGTIME will be listed at the same time.
      The updates will cover both the web and app interfaces as well as API. The details are as follows:
       
      I. Margin trading and Simple Earn

      1. Spot margin trading will be activated for the following pair: BIGTIME/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 Business Rules for Simple Earn after the official listing.

      II. Perpetual swap trading
      BIGTIMEUSDT Perpetual Swap:

      FeatureDetails
      UnderlyingBIGTIME/USDT Index
      Settlement assetUSDT
      Face value10
      Price quotation1 BIGTIME value calculated in USDT equivalent
      Tick size0.00001
      Leverage0.01-75x
      Funding rateClamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -0.75%, 0.75%), Interest = 0
      Trading hours24/7

      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 October 13 is 0.03%. After 4:00 pm UTC on October 13, 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 October 14).
       
      The price limit rules of BIGTIME 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
      October 12, 2023

      Read the original article at okex

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