OKX has announced the launch of a USDT-margined perpetual futures contract for DOG, scheduled to open at 13:00 (Vietnam Time) on November 19, 2024. Both the website interface and API will be updated to reflect this addition.
Key Listing Details
1. Listing Schedule
- Trading for the DOG/USDT perpetual futures contract begins at 13:00 (Vietnam Time) on November 19, 2024.
2. Contract Specifications
DOGUSDT Perpetual Futures:
$DOG is a Bitcoin-based memecoin built on the Runes protocol. Its entire supply was distributed via free airdrops earlier this year as part of a community-driven initiative. Designed as a fully open-source project, $DOG embodies decentralized principles aligned with Satoshi Nakamoto’s vision.
| Feature | Details |
|---|---|
| Underlying Asset | DOG/USDT Index |
| Settlement Coin | USDT |
| Contract Size | 1,000 |
| Price Quote | Value of 1 DOG in USDT |
| Price Increment | 0.000001 |
| Leverage | 0.01–50x |
| Funding Rate | Clamped between -1.5% and 1.5%, calculated every 4 hours. |
| Trading Hours | 24/7 |
Note:
Initial funding rate caps apply to mitigate volatility:
- Before 23:00 (Vietnam Time) on November 19, 2024: Max funding rate = 0.03%.
- After 23:00: Adjusted to the standard cap of 1.5%.
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Trading Rules
Price limits and other trading rules for DOG perpetual futures align with OKX’s existing USDT-margined contracts. Refer to OKX’s official perpetual futures guide for complete details.
FAQs
1. What is $DOG?
$DOG is a decentralized memecoin on the Bitcoin network using the Runes protocol, emphasizing community ownership and zero upfront costs.
2. How is the funding rate calculated?
Rates derive from the difference between the contract’s mark price and the spot index, clamped to ±1.5% and settled every 4 hours.
3. Why is there an initial funding rate cap?
To ensure stability during the contract’s launch phase, OKX temporarily limits the funding rate to 0.03% for the first 10 hours.
4. Can I trade DOG futures 24/7?
Yes, the market operates continuously with no downtime.
5. What leverage is available?
Traders can select leverage between 0.01x and 50x.
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Disclaimer: This content is for informational purposes only. Cryptocurrency trading involves risk.
Last Updated: November 19, 2024