We are pleased to announce that USDC USDT-margined perpetual swaps will be enabled at 8:00 am UTC on March. 12. The updates will cover both the web and app interfaces as well as API. The details are as follows: . USDCUSDT Perpetual Swap: Feature. Details. Underlying. USDC/USDT Index. Settlement asset. USDT. Face value. 10 USDC. Price quotation. 1 USDC value calculated in USDT equivalent. Tick size. 0.0001. Leverage. 0.01~20x. Funding rate. Clamp / 2 - spot index price)／spot index price - interest), -0.75%, 0.75%), interest = 0. Trading hours. 24/7. Note: When the new contract is launched, the premium is unstable. To avoid unreasonable charges, the upper limit of the funding rate before 16:00 pm UTC on March 12 is 0.03%. After 16:00 pm UTC, the upper limit of the predicted funding rate will be adjusted back to the normal 1.50% . The price limit rules of USDC USDT-margined perpetual swap trading are the same as those of other currencies. Please refer to our perpetual swap trading guides for further details. USDT-margined perpetual swap trading: OKX Perpetual Swap Trading User Agreement. . OKX. March 12, 2023 . . Download OKX App for iOS, Android, macOS, and Windows >>>. Click here for Twitter >>>. Click here for Telegram >>>. Click here for Discord >>>. Click here for Youtube >>>. More >>>. .