Expanded Trading Opportunities for AUCTION
OKX is excited to announce the integration of AUCTION into its margin trading and Simple Earn platforms starting 08:00 UTC on December 1. Concurrently, USDT-margined AUCTION perpetual swaps will go live, offering traders enhanced flexibility.
Key Updates:
I. Margin Trading and Simple Earn
New Trading Pair:
- AUCTION/USDT will be available on the spot margin trading platform.
Margin Tier Rates:
- Post-listing, refer to the Margin Position Tiers section for detailed margin requirements.
Simple Earn Limits:
- Review the Simple Earn Rules for service caps and guidelines.
II. Perpetual Swap Trading
AUCTIONUSDT Perpetual Swap Details:
| Parameter | Specification |
|---|---|
| Underlying Asset | AUCTION/USDT Index |
| Settlement Asset | USDT |
| Contract Size | 0.1 |
| Price Quote | 1 AUCTION in USDT equivalent |
| Price Increment | 0.001 |
| Leverage | 0.01–50x |
| Funding Rate Formula | Clamp(MA([(Best Bid + Best Ask)/2 – Spot Index Price]/Spot Index Price – 0%), –0.75%, 0.75%) |
| Trading Hours | 24/7 |
👉 Maximize your AUCTION trading strategy with OKX’s advanced perpetual swap features.
Important Notes:
- During the initial launch, funding rate caps are temporarily reduced to 0.03% until 16:00 UTC on December 1 to mitigate volatility. Regular caps (1.5%) resume afterward.
- Funding fees for this period will be deducted by 08:00 UTC on December 2.
Price Limit Rules
AUCTION perpetual swaps follow the same price limit policies as other USDT-margined contracts. For specifics, consult OKX’s Perpetual Swap Trading Guide.
FAQ Section
1. When does AUCTION margin trading begin?
- 08:00 UTC on December 1, alongside perpetual swap listings.
2. What leverage is available for AUCTION perpetual swaps?
- Ranges from 0.01x to 50x, adjustable based on risk tolerance.
3. Are there restrictions on Simple Earn for AUCTION?
- Yes, review Simple Earn Rules for deposit limits and terms.
4. Why is the funding rate capped at 0.03% initially?
- To stabilize markets during the launch phase; standard rates apply after December 1, 16:00 UTC.
👉 Start trading AUCTION today and leverage OKX’s robust trading tools for optimal returns.
Note: This update applies to OKX’s web, app, and API interfaces. All other hyperlinks have been removed per guidelines.
### Keywords:
- **OKX**
- **AUCTION perpetual swap**
- **Margin trading**
- **Simple Earn**
- **USDT-margined contracts**
- **Funding rate**
- **Leverage**