Dear OKX Users,
To optimize your trading experience and reduce trading costs, OKX will adjust the minimum order quantity for selected perpetual contracts during October 22, 2024 (14:00–16:00 UTC+8). Order quantity precision will be updated simultaneously.
Key Adjustments
| Contract Type | Pair | Previous Min Order (Contracts) | Previous Min Order (Coins) | Updated Min Order (Contracts) | Updated Min Order (Coins) |
|---|---|---|---|---|---|
| Perpetual | TURBO/USDT | 1 | 10,000 | 0.1 | 1,000 |
👉 Learn how these changes benefit your trading strategy
FAQs
1. What are order quantity precision and minimum order quantity?
Order quantity precision refers to the smallest incremental change allowed for order sizes. For example: If ETH/USDT perpetual contracts have a precision of 0.1 contracts (=0.01 ETH), orders must increment by 0.1 contracts (e.g., 1.1, 1.2).
The minimum order quantity is the smallest allowable order size, always a multiple of the precision. Users cannot place orders below this threshold.
2. How will positions and open orders display after adjustments?
If precision is adjusted below 1, fractional contract quantities will be visible for:
- Open orders
- Partially/filled orders
- Positions
Example: For SHIB/USDT contracts with 1M SHIB face value, adjusting precision to 0.1 contracts allows displaying 10.5 contracts (=10.5M SHIB).
3. Order submission rules
New/updated orders must:
- Be multiples of the precision (e.g., 0.1 contracts)
- Meet or exceed the minimum order quantity
👉 Explore advanced trading features post-adjustment
4. API updates
API/WebSocket channels will reflect updated lotSz (precision) and minSz (minimum quantity) values immediately after adjustments.
We apologize for any inconvenience and appreciate your understanding as we enhance our services. OKX remains committed to delivering superior trading solutions.
OKX Team
October 16, 2024