Dear OKX Users,
We're excited to announce the launch of COMP leverage trading, savings products, and COMPUSDT perpetual contracts on OKX across web, mobile app, and API platforms. Here are the detailed specifications:
1. COMP Leverage Trading and Savings
- COMP will support both USDT and BTC trading pairs for margin trading
- Margin trading tier specifications will be available post-launch
- Savings product limits will be published upon launch
2. COMPUSDT Perpetual Contracts
During the launch period, all coin-margined and USDT-margined perpetual contracts (excluding BTC and ETC) will temporarily pause trading for 10 minutes. This affects:
- Trading functions
- Order placement/cancellation
- Margin adjustments
- Fund transfers
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Contract Specifications
| Contract Element | Details |
|---|---|
| Underlying | COMP/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 0.1 COMP |
| Price Quotation | USDT price per 1 COMP |
| Minimum Price Movement | 0.01 |
| Leverage Range | 0.01-20x |
| Funding Rate Formula | Clamp(MA((Mark Price - Index Price)/Index Price), -0.3%, 0.3%) |
| Trading Hours | 24/7 |
| Daily Settlement | 16:00 HKT daily |
Fee Structure
Enhanced maker rebates apply to non-major perpetual contracts:
| User Tier | 30d Volume (BTC) | Maker Fee | Taker Fee |
|---|---|---|---|
| Lv1 | <5,000 | 0.000% | 0.080% |
| VIP1 | ≥5,000 | -0.010% | 0.060% |
| VIP3 | ≥20,000 | -0.020% | 0.060% |
(Major coin perpetual contracts maintain standard fees)
FAQ Section
Q: When do COMP perpetual contracts begin trading?
A: COMPUSDT perpetual contracts launch at 15:00 HKT on the specified date.
Q: What's the minimum order size for COMP contracts?
A: The contract face value is 0.1 COMP per contract.
Q: How does funding work for COMP contracts?
A: Funding occurs daily at 16:00 HKT with rate caps at ±0.3%.
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