Dear OKX Users,
We are excited to announce that OKX will officially launch the MATICUSDT Perpetual Contract across our web platform, mobile app, and API interfaces. Below are the detailed specifications:
MATICUSDT Perpetual Contract Specifications
| Contract Feature | Details |
|---|---|
| Underlying Asset | MATIC/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 MATIC |
| Price Quotation | USDT price per 1 MATIC |
| Minimum Price Increment | 0.0001 |
| Leverage Range | 0.01x–75x |
| Funding Rate Formula | Clamp(MA(((Mark Price - Spot Index Price)/Spot Index Price)), -0.75%, 0.75%) |
| Trading Hours | 24/7 |
Note: To ensure fair funding rate calculations during initial volatility, the rate cap will temporarily be set at 0.03% until 24:00 (HKT). After this period, it will revert to the standard 0.75% cap (first applied at 16:00 HKT the following day).
Key Features
- Limit Order Compatibility: Aligns with existing perpetual contract rules for other tokens.
- Risk Management: Adjustable leverage (up to 75x) with real-time liquidation checks.
👉 Explore Advanced Trading Strategies
FAQ Section
1. What time does the MATICUSDT contract start trading?
Trading begins at 17:00 HKT and operates 24/7 thereafter.
2. How is the funding rate calculated?
It’s derived from the difference between the mark price and spot index price, clamped between -0.75% and 0.75%.
3. Can I use API for this contract?
Yes, the contract supports API trading upon launch.
4. What’s the minimum order size?
Orders must be multiples of the face value (10 MATIC).
5. Is there a difference in fees for this contract?
No, fees follow the standard perpetual contract fee structure.
OKX remains committed to delivering cutting-edge products and unparalleled services.
OKX Team
April 29 (HKT)
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