As ETH prices might experience extreme fluctuations during The Merge, in order to mitigate risks and improve market stability, OKX will adjust the position tiers of ETHUSD perpetual, ETHUSD futures and ETHUSDT futures at 6:00-7:00 AM on Sep. 9, 2022 (UTC). And will adjust the discount rates of ETH in the multi-currency margin mode at 6:00–7:00 AM on Sep. 13, 2022 (UTC).
As the adjustments may affect the calculation of your margin ratio and maintenance margin requirement, please reduce or close your positions, reduce your leverage, or increase your margin in advance. Based on the market conditions, OKX will notify our users who might be affected in time through various online channels.
After The Merge, the discount rates or position tiers might be recovered to their original level depending upon liquidity at that time (you'll be notified so in separate announcements).
Position tiers adjustment details are as follows:
|
Contract |
Tier |
Min. amount (Cont) (Before) |
Max. amount (Cont) (After) |
Maintenance margin ratio |
Min. initial margin ratio |
Max. leverage |
|
ETHUSD Perpetual |
1 |
3,000 |
1,500 |
0.40% |
0.80% |
125 |
|
ETHUSD Perpetual |
2 |
30,000 |
15,000 |
0.50% |
1.00% |
100 |
|
ETHUSD Perpetual |
3 |
150,000 |
75,000 |
1.00% |
1.50% |
66.66 |
|
ETHUSD Perpetual |
4 |
300,000 |
150,000 |
1.50% |
2.00% |
50 |
|
ETHUSD Perpetual |
5 |
Increase by 150,000 conts from the previous tier |
Increase by 75,000 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 |
|
ETHUSD Futures |
1 |
2,000 |
1,000 |
0.40% |
0.80% |
125 |
|
ETHUSD Futures |
2 |
20,000 |
10,000 |
0.50% |
1.00% |
100 |
|
ETHUSD Futures |
3 |
100,000 |
50,000 |
1.00% |
1.50% |
66.66 |
|
ETHUSD Futures |
4 |
200,000 |
100,000 |
1.50% |
2.00% |
50 |
|
ETHUSD Futures |
5 |
Increase by 100,000 conts from the previous tier |
Increase by 50,000 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 |
|
ETHUSDT Futures |
1 |
750 |
350 |
0.40% |
0.80% |
125 |
|
ETHUSDT Futures |
2 |
1,500 |
750 |
0.50% |
1.00% |
100 |
|
ETHUSDT Futures |
3 |
3,000 |
1,500 |
1.00% |
1.50% |
66.66 |
|
ETHUSDT Futures |
4 |
6,000 |
3,000 |
1.50% |
2.00% |
50 |
|
ETHUSDT Futures |
5 |
Increase by 3,000 conts from the previous tier |
Increase by 1,500 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 |
Learn more: https://www.okx.com/trade-market/position/futures
Discount adjustment details are as follows:
|
Asset |
Before |
After |
||
|
Tier (USD) |
Discount rate |
Tier (USD) |
Discount rate |
|
|
ETH |
0~5,000,000 |
1 |
0~5,000,000 |
0.95 |
|
5,000,000~20,000,000 |
0.975 |
5,000,000~20,000,000 |
0.925 |
|
|
20,000,000~40,000,000 |
0.95 |
20,000,000~40,000,000 |
0.9 |
|
|
40,000,000~100,000,000 |
0.9 |
40,000,000~100,000,000 |
0.85 |
|
|
>100,000,000 |
0 |
>100,000,000 |
0 |
|
Learn more: https://www.okx.com/trade-market/discountrate/futures
Discount rates overview
In multi-currency cross margin mode, different currencies in cross margin accounts can be converted into their USD value and used as margin. Due to significant differences in market liquidity of each currency, our platform calculates the actual USD value of certain crypto based on a certain discount rate in order to balance market risks.
For any inquiries regarding these adjustments, please feel free to contact us in the OKX Telegram group or via the Support Center.
OKX
Sep. 7, 2022 (UTC)
A step-by-step guide to purchasing and selling crypto on OKX,
Step 1: Log in to your OKX account
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Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.
Finally, simply confirm your transaction details.
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