Dear OKX users,
OKX is pleased to announce the official launch of MIR and TORN leverage trading, savings, and perpetual contracts (MIRUSDT, TORNUSDT) across web, mobile app, and API platforms. Key details are outlined below:
I. Leverage Trading & Savings
- Trading Pairs: MIR/USDT and TORN/USDT will be available for margin trading.
- Leverage Tiers: Post-launch, refer to 👉 Leverage Trading Position Tiers for gradient details.
- Savings Quotas: Check 👉 OKX Savings Rules for limits after launch.
II. Perpetual Contracts
1. Contract Specifications
MIRUSDT Perpetual Contract
| Parameter | Detail |
|---|---|
| Underlying | MIR/USDT Index |
| Settlement Coin | USDT |
| Face Value | 1 MIR |
| Price Quotation | USDT price per 1 MIR |
| Tick Size | 0.001 |
| Leverage | 0.01–75x |
| Funding Rate | Clamp(MA((Contract Mid Price - Spot Index)/Spot Index), -0.75%, 0.75%) |
| Trading Hours | 24/7 |
TORNUSDT Perpetual Contract
| Parameter | Detail |
|---|---|
| Underlying | TORN/USDT Index |
| Settlement Coin | USDT |
| Face Value | 0.01 TORN |
| Price Quotation | USDT price per 1 TORN |
| Tick Size | 0.1 |
| Leverage | 0.01–75x |
| Funding Rate | Same as MIRUSDT |
| Trading Hours | 24/7 |
Note: To mitigate premium volatility, the funding rate cap is temporarily set at 0.03% until 24:00 (HKT) on Feb 24, 2021, after which it reverts to 0.75%.
2. Fee Structure
- Zero-Fee Promotion: From 17:00 (HKT) Feb 24, 2021, to 17:00 (HKT) Mar 25, 2021, both Maker and Taker fees for MIRUSDT/TORNUSDT contracts are 0.00%.
- Volume Calculation: Trades in this promo do not count toward trading volume tiers.
3. Trading Event
To celebrate the launch, OKX will distribute 50,000 USDT in rewards.
Event Period: Feb 24, 2021 (17:00 HKT) – Mar 2, 2021 (17:00 HKT).
👉 Learn more here.
FAQs
Q1: What is the minimum order size for MIRUSDT contracts?
A: The face value is 1 MIR, so orders must be in whole MIR units.
Q2: Can I use cross-margin for these contracts?
A: Yes, both isolated and cross-margin modes are supported.
Q3: How often are funding rates calculated?
A: Every 8 hours at 04:00, 12:00, and 20:00 (HKT).
Q4: Are these contracts available on API?
A: Yes, they’re accessible via REST and WebSocket APIs.
OKX remains committed to delivering top-tier products and services.
OKX Team
Feb 24, 2021 (HKT)
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