OKX to list perpetual futures for VANA crypto
We are pleased to announce that USDT-margined perpetual futures for VANA will be enabled at 4:00 am UTC on December 17, 2024.
The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
VANA/USDT perpetual futures trading will open at 4:00 am UTC on December 17, 2024.
II. Perpetual futures trading
VANAUSDT perpetual futures:
Vana is an EVM-compatible L1 network allowing users to turn personal data into tradeable assets by aggregating private datasets to train AI models.
Asset name: Vana
Ticker: VANA
Website: https://www.vana.org/
Twitter: https://x.com/withvana
Features | Details |
Underlying | VANA/USDT index |
Settlement crypto | USDT |
Face value | 0.1 |
Price quotation | 1 VANA value calculated in USDT equivalent |
Tick size | 0.001 |
Leverage | 0.01-50x |
Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Funding interval | 4 hours |
Trading hours | 24/7 |
Note: To avoid unreasonable fees arising from significant premium fluctuations of newly launched futures, the upper limit of the funding fee before 4:00 pm UTC on December 17, 2024 is 0.03%. After 4:00 pm UTC on December 17, 2024, the upper limit of the predicted funding fee will be adjusted back to normal 1.50%. (The funding fee for this period will be charged at 8:00 pm UTC on December 17, 2024.)
The price limit rules of VANA USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
December 17, 2024