OKX updates the listing time for PENGU perpetual
We are pleased to announce that USDT-margined perpetual futures for PENGU will be enabled at 3:55 pm UTC on December 17, 2024.
This update covers both the web and app interfaces as well as the API. The details are as follows:
Features | Details |
Underlying | PENGU/USDT index |
Settlement crypto | USDT |
Face value | 100 |
Price quotation | 1 PENGU value calculated in USDT equivalent |
Tick size | 0.000001 |
Leverage | 0.01-50x |
Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Trading hours | 24/7 |
Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on December 17, 2024 is 0.03%. After 4:00 pm UTC on December 17, 2024, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 12:00 am UTC on December 18, 2024.)
The price limit rules of PENGU USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
December 17, 2024