In addition to the perpetual swap launched earlier, the new TRX perpetual swap offers a contract face value of USD10, and the minimum price interval is set at USD0.00001. The perpetual swap features a leverage of 1-20x. To continue the success, more swap contracts of different tokens are expected to be launched in the future.
Contracts will be settled and funding will occur every 12 hours, at 03:00 and 15:00 daily (CET, UTC+1).
The funding mechanism adopted aims to keep the Perpetual Swap market price in line with the Spot Index Price, which is constructed from the weighted average of the market prices of OKEx, Binance and Huobi.
Funding rate = Clamp (MA ((contracts best buy price + contracts best sell price) / 2-spot index price / spot index price – interest), -0.2%, 0.2%)
With the new adjustment on the leverage level, traders can choose up to 100x leverage on ETH and EOS Perpetual Swap now - OKEx is the first mainstream exchange platform that offers such high leverage.
Although high leverage level can greatly increase profits, it as well significantly increase the risk of being force-liquidated. Traders are encouraged to fully understand the risk involved and take into consideration according to experience, objectives before placing orders.
Risk Warning: Tron (TRX) is more volatile comparing to other digital assets. User should understand the risk involved when trading TRX swaps. If TRX hard-forks or airdrops happen, affecting the subject and the index price of the swap, OKEx will evaluate the situation and decide whether any adjustments on the swap are necessary (e.g. funding fee, maintenance margin ratio, etc.). We also reserve the right to early deliver / settle the TRX perpetual swap when deemed necessary.