OKX to list perpetual for VINE crypto, along with its margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual futures for VINE will be enabled at 11:00 am UTC on January 26, 2025. VINE margin trading, Simple Earn and Flexible Loan will be enabled at 4:00 am UTC on January 27, 2025.
This update covers both the web and app interfaces as well as the API. The details are as follows:
I. Margin trading
For the details of the tiered margin level, please refer to the position tier margin schedule after official listing.
II. Simple Earn Flexible and Flexible Loan
For the limits of Simple Earn, please refer to the Simple Earn guide after official listing.
For the details of Flexible Loan please refer to the Flexible Loan after official listing.
III. Perpetual futures trading
Features | Details |
Underlying | VINE/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 VINE value calculated in USDT equivalent |
Tick size | 0.00001 |
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. |
Funding interval | 4 hours |
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 January 26, 2025 is 0.5%. After 4:00 pm UTC on January 26, 2025, 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 8:00 pm UTC on January 27, 2025.)
The price limit rules of VINE 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
January 26, 2025