To enhance market liquidity and index stability, OKX will update the components of its STX/USD and STX/USDT indexes. The adjustment window is scheduled for 7:00–9:00 am UTC on March 22, 2023. Below are the revised index structures:
Index Component Adjustments
| Index | Exchange Before | Pair Before | Weight Before | Exchange After | Pair After | Weight After |
|---|---|---|---|---|---|---|
| STX/USD | Binance | STX/USDT | 20% | Binance | STX/USDT | 20% |
| OKX | STX/USDT | 20% | OKX | STX/USDT | 20% | |
| Kucoin | STX/USDT | 20% | Kucoin | STX/USDT | 20% | |
| Gate | STX/USDT | 20% | Gate | STX/USDT | 20% | |
| Coinbase | STX/USD | 20% | Kraken | STX/USD | 20% | |
| STX/USDT | Binance | STX/USDT | 20% | Binance | STX/USDT | 20% |
| OKX | STX/USDT | 20% | OKX | STX/USDT | 20% | |
| Kucoin | STX/USDT | 20% | Kucoin | STX/USDT | 20% | |
| Gate | STX/USDT | 20% | Gate | STX/USDT | 20% | |
| Coinbase | STX/USD | 20% | Kraken | STX/USD | 20% |
Note: New components will take effect within 60 minutes post-adjustment.
How Index Calculations Work
- Real-Time Data Fetching: Prices and volumes are pulled from selected exchanges continuously.
Invalid Data Handling:
- Exchanges under maintenance or with stale data are excluded.
- Price discrepancies exceeding 3% from the median are bounded within a ±3% range.
Conversion Rules:
- Mismatched trading pairs (e.g., ETH/USDT in an ETH/USD index) are converted using benchmark rates like BTC/USDT or USDT/USD.
Final Calculation:
- ≥3 valid exchanges: Equal-weighted average (with price bounds).
- 2 valid exchanges: Equal-weighted average.
- 1 valid exchange: Last traded price becomes the index.
Impact on Trading
👉 Prepare for potential volatility by:
- Reducing positions or lowering leverage.
- Adding margin to avoid liquidations.
- Closing positions pre-adjustment if needed.
FAQs
Why is OKX adjusting these indexes?
To improve liquidity and stability by optimizing the underlying exchange components.
How long will the adjustment take?
Changes apply within 60 minutes after the 7:00–9:00 am UTC window.
What happens if an exchange goes offline during the adjustment?
Its data is excluded until services resume. The index recalculates with remaining valid sources.
Where can I get support?
Join the 👉 OKX Telegram group or visit the Support Center for live assistance.