Dear Users,
We’re excited to announce that MIR and TORN margin trading, savings, and USDT-margined perpetual swaps will go live at 9:00 am UTC on February 24. These updates will be available across OKX’s web platform, mobile app, and API.
Key Features
I. Margin Trading & Savings
Spot Margin Trading Pairs:
- MIR/USDT
- TORN/USDT
- Margin Ratio Tiers:
Refer to OKX’s Margin Borrowing Position Tiers post-listing for details. - Savings Limits:
Check the Savings Business Rules for eligibility and terms.
II. Perpetual Swap Trading
1. Contract Specifications
MIRUSDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | MIR/USDT Index |
| Face Value | 1 MIR |
| Leverage | 0.01–75x |
| Funding Rate Formula | Clamp(MA((Mid Price - Spot Index)/Spot Index - 0%), -0.75%, 0.75%) |
| Trading Hours | 24/7 |
TORNUSDT Perpetual Swap
| Feature | Details |
|---|---|
| Underlying | TORN/USDT Index |
| Face Value | 0.01 TORN |
| Leverage | 0.01–75x |
| Funding Rate Formula | Same as MIR |
| Trading Hours | 24/7 |
Note: Funding rate caps are temporarily reduced to 0.03% until 4:00 pm UTC on February 24 to stabilize premiums. Normal rates (0.75%) resume thereafter.
👉 Explore Perpetual Swap Trading
2. Fee Structure
- Zero Fees: From February 24 to March 25, MIR/TORN perpetual swaps will have 0% maker/taker fees.
- Volume Exemption: Trading volume from these pairs won’t count toward fee-tier upgrades.
3. Promotional Campaign
To celebrate the launch, OKX is offering a 50,000 USDT reward pool between February 24 and March 2.
FAQs
Q: When do MIR/TORN perpetual swaps start trading?
A: 9:00 am UTC on February 24, 2025.
Q: What’s the max leverage for MIR/TORN perpetuals?
A: Up to 75x.
Q: Are there trading fee discounts?
A: Yes, zero fees apply for the first month.
Regards,
OKX Team
Stay updated via OKX Twitter.
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