OKX to list perpetual futures for GRASS crypto

We are pleased to announce that USDT-margined perpetual futures for GRASS will be enabled at 2:30 pm UTC on October 28, 2024.

The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Listing schedule

GRASS/USDT perpetual futures trading will open at 2:30 pm UTC on October 28, 2024.

II. Perpetual futures trading

GRASSUSDT perpetual futures:

Grass is a decentralised data layer built specifically for artificial intelligence, enabling access to verifiable web data through a distributed network of users sharing their internet bandwidth.

Asset name: Grass
Ticker: GRASS
Website: https://www.getgrass.io/
Twitter: https://x.com/getgrass_io

Features	Details
Underlying	GRASS/USDT index
Settlement crypto	USDT
Face value	1
Price quotation	1 GRASS 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.
Funding interval	4 hours
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 October 28, 2024 is 0.03%. After 4:00 pm UTC on October 28, 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 8:00 pm UTC on October 28, 2024.)

The price limit rules of GRASS 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

October 28, 2024

Read the original article at okex

Stay tuned to CoinCarp Social Media and Discuss with Us:

X (Twitter) | Telegram | Reddit

Download CoinCarp App Now: https://www.coincarp.com/app/