OKX to list perpetual for PENGU crypto, along with its margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual futures for PENGU will be enabled at 3:00 pm UTC on December 17, 2024. PENGU margin trading and Simple Earn will be enabled at 4:00 am UTC on December 18, 2024.
This update covers both the web and app interfaces as well as the API. The details are as follows:
I. Margin trading and Simple Earn
Spot margin trading will be activated for the following pair: PENGU/USDT.
For the details of the tiered margin level, please refer to the position tier margin schedule after official listing.
For the limits of Simple Earn, please refer to the Simple Earn guide after official listing.
II. Perpetual futures trading
Features | Details |
Underlying | PENGU/USDT index |
Settlement crypto | USDT |
Face value | 100 |
Price quotation | 1 PENGU value calculated in USDT equivalent |
Tick size | 0.000001 |
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. |
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 December 17, 2024 is 0.03%. After 4:00 pm UTC on December 17, 2024, 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 12:00 am UTC on December 18, 2024.)
The price limit rules of PENGU 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
December 17, 2024