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OKX to list perpetual futures for SHELL crypto
We are pleased to announce that USDT-margined perpetual futures for SHELL will be enabled at 12:00 pm UTC on February 27, 2025. The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
SHELL/USDT perpetual futures trading will open at 12:00 pm UTC on February 27, 2025.
II. Perpetual futures trading
SHELL perpetual futures:
MyShell is a decentralized AI consumer layer, connecting consumers, AI agent creators, and open-source researchers.
Asset name: MyShell
Ticker: SHELL
Website: https://myshell.ai/
Twitter: https://x.com/myshell_ai
Features | Details |
Underlying | SHELL/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 SHELL value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-20x |
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: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on February 27, 2025 is 0.5%. After 4:00 pm UTC on February 27, 2025, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on February 27, 2025.) If there is a deviation from the contract price, the funding fee limit will be adjusted according to market conditions.
The price limit rules of SHELL 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
February 27, 2025
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