Dear OKX Users,
To enhance your trading experience and reduce trading costs, OKX will adjust the minimum order quantity for select perpetual and futures contracts on April 25, 2024, between 14:00–16:00 (UTC+8). The order quantity precision will also be updated accordingly.
👉 Discover how these changes benefit your trading strategy
Key Adjustments
| Contract Type | Pair | Previous Min Order (Contracts) | Previous Min Order (BTC) | New Min Order (Contracts) | New Min Order (BTC) |
|---|---|---|---|---|---|
| Perpetual | BTC/USDT | 1 | 0.01 | 0.1 | 0.001 |
| Futures | BTC/USDT | 1 | 0.01 | 0.1 | 0.001 |
Note: All ongoing trades (orders, transfers, leverage adjustments) will remain unaffected.
Key Concepts Explained
1. Order Quantity Precision vs. Minimum Order Size
- Precision: The smallest incremental change allowed for order quantities.
Example: If ETH/USDT perpetual contracts have a precision of 0.1 contracts (=0.01 ETH), orders must increment by 0.1 contracts (e.g., 1.1, 1.2). - Minimum Size: The smallest allowable order, always a multiple of precision. Users must meet or exceed this value.
2. Display Rules for Positions/Orders
Adjustments allow fractional contract displays (e.g., 10.5 contracts for SHIB/USDT) across open orders, partial fills, and positions.
👉 Learn more about managing fractional contracts
Order Handling Updates
- New/Modified Orders: Must comply with updated precision and minimum size.
Example: For SHIB/USDT, new precision = 0.1 contracts → orders must be multiples of 0.1 (min size = 0.1). - API/Strategy Users: Same rules apply. API endpoints (
lotSz,minSz) will reflect changes.
FAQ
Q: Will existing orders be canceled?
A: No. All active orders remain valid.
Q: How does this impact leverage?
A: Leverage settings are unaffected.
Q: Where can I find updated API docs?
A: Refer to the API changelog.
We appreciate your patience and encourage users to adapt strategies accordingly. OKX remains committed to delivering superior trading solutions.
OKX Team
April 19, 2024