Dear OKX Users,
We are excited to announce the official launch of ARCUSDT, SWARMSUSDT, and COOKIEUSDT perpetual contracts on OKX's web, mobile app, and API platforms starting January 24, 2025, 7:00–7:30 PM (UTC+8). Below are the detailed specifications:
1. Trading Schedule
| Contract | Launch Time (UTC+8) |
|---|---|
| ARCUSDT | January 24, 7:00 PM |
| SWARMSUSDT | January 24, 7:15 PM |
| COOKIEUSDT | January 24, 7:30 PM |
2. Contract Specifications
ARCUSDT Perpetual Contract
Arc is an open-source AI framework developed by Playgrounds Analytics Inc., designed for modular and scalable AI applications. The ARC token serves as its native currency.
- Full Name: AI Rig Complex
- Symbol: ARC
- Contract Details:
| Key Feature | Specification |
|---|---|
| Underlying Asset | ARC/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT per 1 ARC |
| Minimum Price Increment | 0.0001 |
| Leverage | 0.01–20x |
| Funding Fee Mechanism | Clamped MA-based calculation (0% Interest) |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
SWARMSUSDT Perpetual Contract
Swarms is a decentralized ecosystem of interconnected AI agents.
- Full Name: Swarms
- Symbol: SWARMS
- Contract Details:
| Key Feature | Specification |
|---|---|
| Underlying Asset | SWARMS/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT per 1 SWARMS |
| Minimum Price Increment | 0.00001 |
| Leverage | 0.01–50x |
| Funding Fee Mechanism | Clamped MA-based calculation (0% Interest) |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
COOKIEUSDT Perpetual Contract
Cookie DAO provides indexing and data layers for AI agents.
- Full Name: Cookie DAO
- Symbol: COOKIE
- Contract Details:
| Key Feature | Specification |
|---|---|
| Underlying Asset | COOKIE/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT per 1 COOKIE |
| Minimum Price Increment | 0.0001 |
| Leverage | 0.01–20x |
| Funding Fee Mechanism | Clamped MA-based calculation (0% Interest) |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Important Notes
- Initial Price Volatility: To mitigate unstable premiums, funding rate caps are set at 0.5% until 00:00 (UTC+8) on January 25, 2025, reverting to 1.5% thereafter.
- Rules Alignment: Trading rules (e.g., limit orders) align with OKX’s standard perpetual contract policies.
FAQs
Q: What are the trading hours for these contracts?
A: All three contracts trade 24/7 after their respective launch times.
Q: What leverage is available for SWARMSUSDT?
A: SWARMSUSDT supports up to 50x leverage, while ARCUSDT and COOKIEUSDT offer up to 20x.
Q: How are funding fees calculated?
A: Fees use a clamped moving average of the premium/discount relative to the spot index price, with a 4-hour interval.
OKX remains committed to delivering exceptional products and services. Happy trading!
OKX Team
January 24, 2025
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