OKX to List Perpetual for HBAR

Published on Aug 15, 20232 min read
This information may not apply to all customers
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We are pleased to announce that USDT-margined perpetual swaps for HBAR will be enabled at 06:00 am UTC on August 16,2023.
The updates will cover both the web and app interfaces as well as API. The details are as follows:
 
HBARUSDT Perpetual Swap:

Feature Details
Underlying HBAR/USDT Index
Settlement asset USDT
Face value 100
Price quotation 1 HBAR value calculated in USDT equivalent
Tick size 0.00001
Leverage 0.01~50x
Funding rate Clamp(MA(((best bid + best offer) / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0
Trading hours 24/7

Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 4:00 pm UTC on August 16 is 0.03%. After 4:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 1.50% (the funding fee of this period will be charged at 8:00 am UTC on August 17).
The price limit rules of HBAR USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details.
USDT-margined perpetual swap trading: OKX Perpetual Swap Trading User Agreement
 
OKX
August 15, 2023 (UTC)