OKX is expanding its cryptocurrency offerings with the introduction of PNUT trading options. Starting November 12, 2024, users can access PNUT/USDT perpetual contracts, leverage trading, and Easy Earn products across all platforms.
Key Features and Launch Schedule
The platform will implement these new trading options in two phases:
- 11:30 AM (UTC+8) November 12, 2024: PNUTUSDT perpetual contracts go live on web, mobile app, and API
- 3:00 PM (UTC+8) November 12, 2024: PNUT/USDT leverage trading and Easy Earn become available
👉 Discover more trading opportunities with OKX’s latest offerings
Leverage Trading and Easy Earn Details
PNUT will be available for margin trading with the following specifications:
- USDT pairing will be available for leveraged positions
- Margin tiers will follow OKX’s standard leverage borrowing structure
- Easy Earn allocations will adhere to OKX’s standard rules for yield products
| Feature | Availability |
|---|---|
| Trading Pair | PNUT/USDT |
| Product Types | Spot, Margin, Derivatives |
| Platform Access | Web, Mobile, API |
PNUTUSDT Perpetual Contracts Specifications
The new perpetual contracts come with these key parameters:
| Contract Element | Specification |
|---|---|
| Underlying Asset | PNUT/USDT Index |
| Settlement Crypto | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT value per 1 PNUT |
| Minimum Price Movement | 0.0001 |
| Leverage Range | 0.01-50x |
| Trading Hours | 24/7 |
Funding Rate Details
The funding rate calculation follows this formula:
Clamp(MA([(Contract Buy Price + Contract Sell Price)/2 - Spot Index Price]/Spot Index Price - Interest), -1.5%, 1.5%)
where Interest = 0.
Special Initial Period Adjustment:
From launch until 00:00 (UTC+8) on November 13, 2024, the maximum funding rate will be capped at 0.03% to account for potential price instability with new listings. After this period, the standard 1.50% limit will apply.
Why Trade PNUT on OKX?
OKX continues to enhance its trading ecosystem by:
- Offering comprehensive trading options for emerging assets
- Maintaining competitive fee structures
- Providing robust risk management tools
- Ensuring platform stability during new asset launches
👉 Start trading PNUT with OKX’s advanced features
Frequently Asked Questions
Q: When can I start trading PNUT perpetual contracts?
A: The perpetual contracts become available at 11:30 AM UTC+8 on November 12, 2024.
Q: What leverage levels are available for PNUT trading?
A: PNUT supports leverage from 0.01x up to 50x, depending on the product and your account tier.
Q: How does the initial funding rate cap protect traders?
A: The temporary 0.03% cap helps prevent excessive funding payments during the initial volatility period after listing.
Q: Can I earn yield on my PNUT holdings?
A: Yes, the Easy Earn product for PNUT launches at 3:00 PM UTC+8 on November 12, 2024.
Q: Are there any special margin requirements for PNUT?
A: Margin requirements follow OKX’s standard tiered structure, which you can view in your account dashboard.
Q: What trading pairs are available for PNUT?
A: Initially, PNUT will only be paired with USDT across all products.
OKX remains committed to providing excellent products and superior service as we expand our cryptocurrency offerings. The addition of PNUT trading options demonstrates our dedication to meeting trader demand for diverse digital assets.