We’re excited to share that OKX will enable WEMIX margin trading and savings starting at 7:00 am UTC on November 8. Concurrently, the platform will list USDT-margined perpetual swaps for WEMIX, expanding trading opportunities for users.
Key Updates
1. Margin Trading and Savings
Spot margin trading goes live for:
- WEMIX/USDT pair
- Users can leverage positions or earn interest via savings products.
2. Perpetual Swap Trading
WEMIXUSDT Perpetual Swap Details:
| Feature | Details |
|---|---|
| Underlying | WEMIX/USDT Index |
| Settlement asset | USDT |
| Face value | 1 WEMIX |
| Price quotation | USDT equivalent per 1 WEMIX |
| Tick size | 0.001 |
| Leverage | 0.01–75x |
| Funding rate formula | Clamp(MA((Midpoint - Spot Index)/Spot Index - Interest), -0.75%, 0.75%) |
| Trading hours | 24/7 |
Important Notes
Funding Rate Adjustments:
- Pre-16:00 UTC, Nov 7: Max rate capped at 0.03% to mitigate premium volatility.
- Post-16:00 UTC: Resumes standard 1.50% cap.
- Price limits align with OKX’s existing perpetual swap rules.
FAQs
Q: When does WEMIX margin trading start?
A: 7:00 am UTC, November 8.
Q: What pairs are available for margin trading?
A: Initially, only WEMIX/USDT.
Q: Is there leverage for perpetual swaps?
A: Yes, up to 75x.
Q: Are there restrictions on funding rates?
A: Temporary caps apply initially—details above.
Stay updated via OKX Twitter or join our official community.
OKX Team
November 7, 2022 (UTC)