We're excited to announce that USDT-margined perpetual futures for SWELL will be available starting 9:00 am UTC on November 25, 2024. This new trading option will be accessible across all OKX platforms, including web, mobile app, and API interfaces.
SWELL Perpetual Futures Trading Details
Key Features of SWELL/USDT Perpetual Futures
Swell Network is an innovative Ethereum liquid staking protocol designed for stakers, node operators, and layer-2 ecosystems. Here's everything you need to know about trading SWELL perpetual futures:
| Feature | Specification |
|---|---|
| Underlying | SWELL/USDT index |
| Settlement | USDT |
| Face Value | 100 |
| Price Quotation | 1 SWELL value in USDT |
| Tick Size | 0.00001 |
| Leverage Range | 0.01-50x |
| Funding Fee | Clamped at ±1.5% |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
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Important Trading Notes
- Initial Funding Fee Cap: For the first day (until 4:00 pm UTC), the funding fee上限 will be temporarily set at 0.03% to prevent excessive charges during the initial volatility period.
- Price Limits: SWELL perpetual futures will follow the same price limit rules as other cryptocurrencies on OKX.
- Funding Schedule: The first regular funding fee will be applied at 8:00 pm UTC on November 25.
Why Trade SWELL Perpetual Futures?
SWELL perpetual futures offer traders:
- Flexible leverage options (up to 50x)
- Continuous 24/7 trading availability
- USDT settlement for easy portfolio management
- Integration with Ethereum's staking ecosystem
👉 Learn about advanced perpetual futures strategies
Frequently Asked Questions
When does SWELL perpetual futures trading begin?
Trading opens at 9:00 am UTC on November 25, 2024 across all OKX platforms.
What's special about the initial funding fee period?
For the first 7 hours (until 4:00 pm UTC), funding fees are capped at 0.03% to protect traders from extreme volatility.
Can I trade SWELL perpetual futures on mobile?
Yes! The SWELL/USDT perpetual contract will be available on OKX's web platform, mobile app, and via API.
What makes Swell Network unique?
Swell specializes in Ethereum liquid staking, creating opportunities for stakers, node operators, and layer-2 ecosystems to participate in ETH staking with greater flexibility.
How often are funding fees calculated?
Funding occurs every 4 hours, with rates determined by the premium between perpetual and spot prices.
What's the maximum leverage available?
Traders can access up to 50x leverage on SWELL perpetual futures, with minimum positions starting at 0.01x.
For the most current trading information and detailed guides, visit OKX's official perpetual futures trading section. Our team is committed to providing a secure and innovative trading environment for all digital asset enthusiasts.
Last Updated: November 25, 2024