We're excited to announce that USDT-margined perpetual swaps for GPT will be activated at 20:00 (Vietnam Time) on February 28. Margin trading and savings for GPT will open at 11:00 AM (Vietnam Time) on March 4.
Prepare to update your web and app interfaces/APIs. Key details below:
Margin Trading and Simple Earn Features
Spot Margin Trading will be enabled for:
- GPT/USDT pair
- For tiered margin levels, refer to:
👉 Margin Position Tier Rules after official listing. - Simple Earn limits are detailed in:
👉 OKX Simple Earn Guidelines post-listing.
GPTUSDT Perpetual Swap Specifications
| Feature | Details |
|---|---|
| Basis | GPT/USDT Index |
| Settlement Asset | USDT |
| Contract Size | 10 |
| Pricing | 1 GPT value = equivalent USDT |
| Price Increment | 0.00001 |
| Leverage | 0.01-50x |
| Funding Rate | Clamp (MA([Best Bid + Best Ask]/2 – Spot Index Price) / Spot Index Price – Interest), -0.75% to 0.75%, Interest = 0 |
| Trading Hours | 24/7 |
Important Note: New contract launches may experience unstable funding rates. To avoid excessive fees:
- Before 23:00 (Vietnam Time) on February 28, 2024: Maximum funding rate cap = 0.03%
- After 23:00: Rate cap adjusts to standard 1.50%
- First funding calculation: 15:00 (Vietnam Time) on February 29, 2024
Price limit rules for GPT USDT-margined perpetual swaps follow standard currency protocols. Review OKX’s perpetual swap trading guide for specifics.
Governance Document:
👉 OKX Perpetual Swap User Agreement
FAQs
1. When does GPT margin trading start?
Margin trading begins at 11:00 AM (Vietnam Time) on March 4, while perpetual swaps activate earlier at 20:00 on February 28.
2. What’s the maximum leverage for GPT contracts?
Leverage ranges from 0.01x to 50x, adjustable based on risk tolerance.
3. How are funding rates calculated?
Rates derive from the differential between the contract’s MA price and spot index, clamped between -0.75% and 0.75%.
4. Can I earn interest on GPT holdings?
Yes! Use Simple Earn to generate passive income from idle GPT assets.
5. Why is the initial funding rate cap lower?
This reduces volatility risks during the contract’s launch phase.
6. Where can I track GPT price movements?
Monitor real-time data via OKX’s trading interface or API endpoints.
OKX Announcement | February 28, 2024
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