Dear OKX Users,
To enhance market liquidity and mitigate trading risks, OKX will implement adjustments to the gradient tier rules for specific perpetual contracts. The update is scheduled for February 24, 2023, between 22:00 – 23:00 HKT.
Key Adjustments Overview
The modifications primarily affect three contracts: BNTUSDT, DOMEUSDT, and PERPUSDT. Below is a comparative analysis of pre- and post-adjustment parameters:
| Contract | Tier | Max Positions (Before) | Max Positions (After) | Maintenance Margin Rate | Min Initial Margin Rate | Max Leverage |
|---|---|---|---|---|---|---|
| BNTUSDT | 1 | 1 | 1 | 1.00% | 1.30% | 75x |
| 2 | 3 | 3 | 1.50% | 2.00% | 50x | |
| 3 | 300 | 2,000 | 2.00% | 5.00% | 20x | |
| 4+ | +300 per tier | +2,000 per tier | +0.5% per tier | +0.5% per tier | Tier-based | |
| DOMEUSDT | 1 | 1 | 1 | 1.00% | 1.30% | 75x |
| 2 | 3 | 3 | 1.50% | 2.00% | 50x | |
| 3 | 4,000 | 40,000 | 2.00% | 5.00% | 20x | |
| 4+ | +4,000 per tier | +40,000 per tier | +0.5% per tier | +0.5% per tier | Tier-based | |
| PERPUSDT | 1 | 1 | 1 | 1.00% | 1.30% | 75x |
| 2 | 3 | 3 | 1.50% | 2.00% | 50x | |
| 3 | 2,500 | 10,000 | 2.00% | 5.00% | 20x | |
| 4+ | +2,500 per tier | +10,000 per tier | +0.5% per tier | +0.5% per tier | Tier-based |
Risk Management Advisory
👉 [Critical] Margin Requirements May Increase
Post-adjustment, maintenance margin rates for existing positions could rise significantly due to heightened market volatility. To avoid liquidation:
- Reduce leverage via partial closures
- Deposit additional margin
- Monitor positions closely
👉 Explore OKX's Risk Management Tools for real-time monitoring features.
FAQs
Q1: How will this affect my open positions?
A1: Positions may require more maintenance margin. Review your account's "Margin Ratio" post-update.
Q2: Can I adjust my leverage after the update?
A2: Yes, manually modify leverage settings in the "Positions" tab.
Q3: Why is OKX making these changes?
A3: To align with global risk standards and improve market stability during volatile periods.
Q4: Which contracts are unaffected?
A4: Major pairs like BTC/USDT remain unchanged. Check the Full Contract List for details.
OKX remains committed to delivering secure, innovative trading solutions. For assistance, contact our 24/7 support team.
Last Updated: February 24, 2023 (HKT)