Announcement of Ouyi OKX to launch IP coin leverage trading, perpetual contracts and simple currency earning

Ouyi launched IPUSDT perpetual contract and leveraged trading! Ouyi will officially launch the IPUSDT perpetual contract at 18:00 on February 13, 2025 (UTC 8), covering web pages, Apps and APIs. IP leverage trading and simple currency earning function will be simultaneously opened at 12:00 on February 14 (UTC 8).

1. Leverage trading and simple earning of coins

IPUSDT coin pair leveraged trading is launched simultaneously. For specific leverage gears and simple currency earning quotas, please refer to the official announcement after launch: leverage borrowing coin position gear settings and Ouyi simple currency earning business rules.

2. Detailed explanation of IPUSDT perpetual contract

合约要素	详情
合约标的 (Underlying)	IP/USDT 指数
结算货币 (Settlement crypto)	USDT
合约面值 (Face value)	1
报价单位 (Price quotation)	按照 1 IP 的 USDT 价格报价
最小变动价位 (Tick size)	0.00001
杠杆倍数 (Leverage)	0.01 ~ 50x
资金费用 (Funding fee)	Clamp(MA([(合约买一价＋合约卖一价) / 2 – 现货指数价格] / 现货指数价格 – Interest), -1.5%, 1.5%)，其中 Interest 为 0 (当期收付)
费用收取频率 (Funding interval)	4 小时
交易时间 (Trading hours)	7×24 小时

Important tip:

In order to ensure the rationality of the collection of capital fees, the price fluctuates greatly in the early stage of the launch of the new contract. Before 00:00 (UTC 8) on February 14, 2025, the upper limit of the calculated fund rate is 0.5%; after 00:00 (UTC 8), the upper limit will be restored to 1.5% (the actual charging time is 04:00 (UTC 8) on February 14, 2025). If there is any price abnormality, Ouyi will adjust the capital fee rate according to market conditions.

Other trading rules are consistent with those of other currencies. For details, please refer to: USDT Margin Perpetual Contract: Ouyi Perpetual Contract User Usage Agreement.

Ouyi team will continue to provide you with better products and services!

Ouyi Team

February 13, 2025

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