Announcement on adjusting some trading specifications for LUNA and ANC spot and perpetual contracts

 New Listings    |      2022-05-12

To further improve market liquidity and mitigate risks, at 4 AM UTC May 12, OKX has adjusted the tick sizes of LUNA/USDT and LUNA/UST spot trading, and the tick sizes, position tiers, index components, price limits, funding rate, and order management rules of LUNAUSDT and ANCUSDT perpetual contracts. The adjustment details are as follows:

1. Tick sizes

Type

Pair

Before

After

Spot

LUNA/USDT

0.001

0.0001

Spot

LUNA/UST

0.001

0.0001

Perpetual

LUNAUSDT

0.001

0.0001

Existing orders will not be canceled because of the tick sizes adjustment, and users should take note of the following:

a. Open orders and historic orders will be displayed with the adjusted tick sizes.

b. After the adjustment, existing orders, including those placed by API users, will still be filled according to the original tick sizes.

 

2. Perpetual position tiers

Perpetual

Tier

Min. amount (Cont)

Max. amount (Cont)

Maintenance margin ratio

Min. initial margin ratio

Max. leverage

LUNAUSDT

1

0

150,000

1.00%

1.30%

75

2

150,001

300,000

1.50%

2.00%

50

3

300,001

600,000

2.00%

5.00%

20

4

600,001

1,200,000

2.50%

5.50%

18.18

5

Increase by 600,000 conts from the previous tier

Increase by 600,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

ANCUSDT

1

0

8,000

1.00%

1.30%

75

2

8,000

20,000

1.50%

2.00%

50

3

20,000

80,000

2.00%

5.00%

20

4

 80,000

 160,000

2.50%

5.50%

18.18

5

Increase by 80,000 conts from the previous tier

Increase by 80,000 conts from the previous tier

Increase by 0.5% from the previous tier

Increase by 0.5% from the previous tier

Max. leverage of the tier

 

3. Index

Index

 

Before

After

Exchange

Pair

Weight

Exchange

Pair

Weight

ANC/USD

 

 

 

Gate

ANC/USDT

33.3%

Gate

ANC/USDT

25%

Kuoin

ANC/USDT

33.3%

Kucoin

ANC/USDT

25%

OKX

ANC/USDT

33.3%

OKX

ANC/USDT

25%

 

 

 

Binance

ANC/USDT

25%

ANC/USDT

 

 

 

Gate

ANC/USDT

33.3%

Gate

ANC/USDT

25%

Kucoin

ANC/USDT

33.3%

Kucoin

ANC/USDT

25%

OKX

ANC/USDT

33.3%

OKX

ANC/USDT

25%

 

 

 

Binance

ANC/USDT

25%

LUNA-BTC

 

 

 

Binance

LUNA/BTC

25%

Binance

LUNA/BTC

25%

Coinbase

WLUNA/USD

25%

FTX

LUNA/USD

25%

Huobi

LUNA/BTC

25%

Huobi

LUNA/BTC

25%

OKX

LUNA/BTC

25%

OKX

LUNA/BTC

25%

LUNA-USD

 

 

 

Binance

LUNA/USDT

25%

Binance

LUNA/USDT

25%

Coinbase

WLUNA/USD

25%

FTX

LUNA/USD

25%

Huobi

LUNA/USDT

25%

Huobi

LUNA/USDT

25%

OKX

LUNA/USDT

25%

OKX

LUNA/USDT

25%

LUNA-USDT

 

 

 

Binance

LUNA/USDT

25%

Binance

LUNA/USDT

25%

Coinbase

WLUNA/USD

25%

FTX

LUNA/USD

25%

Huobi

LUNA/USDT

25%

Huobi

LUNA/USDT

25%

OKX

LUNA/USDT

25%

OKX

LUNA/USDT

25%

 

4. Funding Rate

Fund rate rules:

Funding Rate = Clamp(MA(((Best Bid + Best Offer)/2-Spot Index Price)/Spot Index Price-Interest),a,b)
*Interest is currently zero

The values of a and b are as follows:

Type

Pair

Effective on

a, b Values

Perpetual

LUNAUSDT, ANCUSDT

Before 8 AM UTC May 11

a=-0.75%,b=0.75%

Perpetual

LUNAUSDT, ANCUSDT

8 AM UTC May 11 - 8 AM UTC May 12 

a=-5%,b=5%

Perpetual

LUNAUSDT, ANCUSDT

After 8 AM UTC May 11

a=-10%,b=10%

 

5. Price Limits

Formula of price limit:

Period

Max Buy Price

Min Sell Price

Within 10 minutes after the contracts launched

Index *(1+X)

Index *(1-X)

Contracts launched 10 minutes later

Min[Max(Index, Index *(1+Y)+ price movement average within the last 10 mins), Index *(1+Z)]

Max[Min(Index, Index *(1-Y)+ price movement average within the last 10 mins), Index *(1-Z)]

The values of X, Y and Z are as follows:

Type

Pair

Price Limits

X

Y

Z

Perpetual

LUNAUSDT

Before

4%

4%

8%

Perpetual

LUNAUSDT

After

6%

6%

35%

Perpetual

ANCUSDT

Before

6%

6%

15%

Perpetual

ANCUSDT

After

6%

6%

25%

 

6. Order Management

Type

Pair

Order Management (Unit:cont)

Before

After

Perpetual

LUNAUSDT

Upper limits per closing-market order

14,000

100,000

Perpetual

LUNAUSDT

Upper limits per stop-market order

14,000

100,000

Perpetual

LUNAUSDT

Upper limits per market order

14,000

100,000

Perpetual

LUNAUSDT

Upper limits per Trigger-market order

14,000

100,000

Perpetual

ANCUSDT

Upper limits per closing-market order

3,000

50,000

Perpetual

ANCUSDT

Upper limits per stop-market order

3,000

50,000

Perpetual

ANCUSDT

Upper limits per market order

3,000

50,000

Perpetual

ANCUSDT

Upper limits per Trigger-market order

3,000

50,000

 

The above parameters may be adjusted in real time according to market conditions, adjustments will not be notified in advance.

For any inquiries regarding this adjustment, please feel free to contact us in the OKX Telegram group or via the Support Center.

 

OKX
May 12, 2022 (UTC)

 

 

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