1. Overview
OKEx perpetual swap contract is a virtual derivative product that is settled in digital tokens USDT. Each contract has a face value of fixed amount of digital token(e.g BTCUSDT contract has a face value of 0.01 BTC). Traders can long a position to profit from the increase of a digital asset's price, or short a position to profit from the decline of a digital asset's price.
Delivery - Perpetual Swap has no delivery date and never expires;
Funding - as there is no delivery date, a funding mechanism is used to ensure that the Perpetual Swap price is anchored to the spot market;
Mark Price - Mark price is used to calculate users' unrealized profits and losses (UPL) in order to reduce unnecessary liquidation in volatile market conditions.
Daily Settlement – a daily settlement process (at UTC 08:00) moves Unrealized PnL into Realized PnL, increasing flexibility of capital utilization.
Tiered Maintenance Margin Ratio System - Maintenance margin ratio (MMR) is the lowest margin ratio required for holding a user's current positions. When the Margin Ratio drops below the MMR plus the liquidation fee rate, liquidation (of full or partial position) occurs. The larger the position a user holds, the higher the MMR, and the maximal leverage available will be lowered effectively.
Partial Liquidation - for users with larger positions and tiered as level 3 or above, when the margin ratio is lower than the MMR of the tier plus the liquidation fee rate, but higher than the MMR of the first tier plus the liquidation fee rate, our system will attempt to bring the user down to a lower tier by partially liquidating the user's positions, until the MMR requirement of the tier is satisfied. Under Fixed Margin Mode, during partial liquidation, the position will be frozen and no related operations can be executed; under Cross Margin Mode, during partial liquidation, the whole perpetual swap account will be frozen and no related operations can be executed.
2. Specifications
Trading hours for all USDT-margined perpetual swaps are 7*24h, and they are all settled at 8:00 (UTC) and the settlement currency is USDT. Price quotation is 1 unit of corresponding underlying.
|
Contract |
Underlying |
Face Value |
Tick Size |
Leverage |
|
BTCUSDT Perpetual |
BTC／USDT |
0.01BTC |
0.1 |
0.01-125X |
|
EOSUSDT Perpetual |
EOS／USDT |
10EOS |
0.001 |
0.01-75X |
|
ETHUSDT Perpetual |
ETH／USDT |
0.1ETH |
0.01 |
0.01-75X |
|
LTCUSDT Perpetual |
LTC／USDT |
1LTC |
0.01 |
0.01-75X |
|
BCHUSDT Perpetual |
BCH／USDT |
0.1BCH |
0.01 |
0.01-75X |
|
XRPUSDT Perpetual |
XRP／USDT |
100XRP |
0.0001 |
0.01-75X |
|
ETCUSDT Perpetual |
ETC／USDT |
10ETC |
0.001 |
0.01-75X |
|
BSVUSDT Perpetual |
BSV／USDT |
1BSV |
0.01 |
0.01-75X |
|
TRXUSDT Perpetual |
TRX／USDT |
1,000TRX |
0.0001 |
0.01-75X |
|
ADAUSDT Perpetual |
ADA/USDT |
100ADA |
0.00001 |
0.01-75X |
|
ALGOUSDT Perpetual |
ALGO/USDT |
10ALGO |
0.0001 |
0.01-75X |
|
ATOMUSDT Perpetual |
ATOM/USDT |
1ATOM |
0.001 |
0.01-75X |
|
DASHUSDT Perpetual |
DASH/USDT |
0.1DASH |
0.01 |
0.01-75X |
|
IOSTUSDT Perpetual |
IOST/USDT |
1,000IOST |
0.000001 |
0.01-75X |
|
IOTAUSDT Perpetual |
IOTA/USDT |
10IOTA |
0.0001 |
0.01-75X |
|
LINKUSDT Perpetual |
LINK/USDT |
1LINK |
0.001 |
0.01-75X |
|
KNCUSDT Perpetual |
KNC/USDT |
1KNC |
0.001 |
0.01-75X |
|
NEOUSDT Perpetual |
NEO／USDT |
1NEO |
0.01 |
0.01-75X |
|
ONTUSDT Perpetual |
ONT/USDT |
10ONT |
0.0001 |
0.01-75X |
|
QTUMUSDT Perpetual |
QTUM／USDT |
1QTUM |
0.001 |
0.01-75X |
|
THETAUSDT Perpetual |
THETA/USDT |
10THETA |
0.0001 |
0.01-75X |
|
VSYSUSDT Perpetual |
VSYS/USDT |
100VSYS |
0.0001 |
0.01-75X |
|
XLMUSDT Perpetual |
XLM/USDT |
100XLM |
0.00001 |
0.01-75X |
|
XMRUSDT Perpetual |
XMR/USDT |
0.1XMR |
0.01 |
0.01-75X |
|
XTZUSDT Perpetual |
XTZ/USDT |
1XTZ |
0.001 |
0.01-75X |
|
ZECUSDT Perpetual |
ZEC/USDT |
0.1ZEC |
0.01 |
0.01-75X |
|
COMPUSDT Perpetual |
COMP/USDT |
0.1COMP |
0.01 |
0.01-75X |
|
DOGEUSDT Perpetual |
DOGE/USDT |
1,000DOGE |
0.000001 |
0.01-75X |
|
DOTUSDT Perpetual |
DOT/USDT |
0.1DOT |
0.01 |
0.01-75X |
|
FILUSDT Perpetual |
FIL/USDT |
0.1FIL |
0.01 |
0.01-10X |
|
SRMUSDT Perpetual |
SRM/USDT |
1SRM |
0.001 |
0.01-75X |
|
ZRXUSDT Perpetual |
ZRX/USDT |
10ZRX |
0.0001 |
0.01-75X |
|
MKRUSDT Perpetual |
MKR/USDT |
0.01MKR |
0.1 |
0.01-75X |
|
SNXUSDT Perpetual |
SNX/USDT |
1SNX |
0.001 |
0.01-75X |
|
ANTUSDT Perpetual |
ANT/USDT |
1ANT |
0.001 |
0.01-75X |
|
OMGUSDT Perpetual |
OMG/USDT |
1OMG |
0.001 |
0.01-75X |
|
LENDUSDT Perpetual |
LEND/USDT |
10LEND |
0.0001 |
0.01-75X |
|
WAVESUSDT Perpetual |
WAVES/USDT |
1WAVES |
0.001 |
0.01-75X |
|
BATUSDT Perpetual |
BAT/USDT |
10BAT |
0.0001 |
0.01-75X |
|
YFIUSDT Perpetual |
YFI/USDT |
0.0001YFI |
1 |
0.01-75X |
|
YFIIUSDT Perpetual |
YFII/USDT |
0.001YFII |
0.1 |
0.01-75X |
|
SUSHIUSDT Perpetual |
SUSHI/USDT |
1SUSHI |
0.001 |
0.01-75X |
|
CRVUSDT Perpetual |
CRV/USDT |
1CRV |
0.001 |
0.01-75X |
|
UMAUSDT Perpetual |
UMA/USDT |
0.1UMA |
0.01 |
0.01-75X |
|
YFVUSDT Perpetual |
YFV/USDT |
0.1YFV |
0.01 |
0.01-75X |
|
BANDUSDT Perpetual |
BAND/USDT |
1BAND |
0.01 |
0.01-75X |
|
JSTUSDT Perpetual |
JST/USDT |
100JST |
0.00001 |
0.01-75X |
|
RENUSDT Perpetual |
REN/USDT |
10REN |
0.0001 |
0.01-75X |
|
KSMUSDT Perpetual |
KSM/USDT |
0.1KSM |
0.01 |
0.01-75X |
|
TRBUSDT Perpetual |
TRB/USDT |
0.1TRB |
0.01 |
0.01-75X |
|
RSRUSDT Perpetual |
RSR/USDT |
100RSR |
0.00001 |
0.01-75X |
|
WNXMUSDT Perpetual |
WNXM/USDT |
0.1WNXM |
0.01 |
0.01-75X |
|
BALUSDT Perpetual |
BAL/USDT |
0.1BAL |
0.01 |
0.01-75X |
|
STORJUSDT Perpetual |
STORJ/USDT |
10STORJ |
0.0001 |
0.01-75X |
|
BTMUSDT Perpetual |
BTM/USDT |
100BTM |
0.00001 |
0.01-75X |
|
LRCUSDT Perpetual |
LRC/USDT |
10LRC |
0.0001 |
0.01-75X |
|
ZILUSDT Perpetual |
ZIL/USDT |
100ZIL |
0.00001 |
0.01-75X |
|
BTTUSDT Perpetual |
BTT/USDT |
10,000BTT |
0.0000001 |
0.01-75X |
|
SWRVUSDT Perpetual |
SWRV/USDT |
1SWRV |
0.001 |
0.01-75X |
|
SUNUSDT Perpetual |
SUN/USDT |
0.1SUN |
0.01 |
0.01-75X |
|
UNIUSDT Perpetual |
UNI/USDT |
1UNI |
0.001 |
0.01-75X |
|
AVAXUSDT Perpetual |
AVAX/USDT |
1AVAX |
0.001 |
0.01-75X |
|
FLMUSDT Perpetual |
FLM/USDT |
10FLM |
0.001 |
0.01-75X |