Dear OKX Users,
To mitigate market risks and ensure optimal trading experiences, OKX periodically reviews and delists certain perpetual contracts and leverage trading pairs. Below is the detailed delisting schedule:
1. Perpetual Contracts Trading
| Contract Name | Delisting Time (UTC+8) |
|---|---|
| STARL/USDT | May 23, 2024, 4:00–5:00 PM |
| ANT/USDT | May 23, 2024, 4:00–5:00 PM |
Delisting Process:
- Trading Suspension: Orders will be canceled, and positions will be settled using the arithmetic mean of the OKX Index price from the hour preceding delisting.
- Funding Rates: Final funding rate will be set to 0; no fees apply during settlement.
- Risk Control: Users are advised to reduce leverage or close positions early to avoid volatility risks. Losses from liquidations will be covered by the Insurance Fund, with Auto-Deleveraging (ADL) as a last resort.
👉 Learn more about risk management
Post-delisting: Accounts with positions > $10,000 will face a 30-minute transfer restriction.
2. Leverage & Flexible Savings Adjustments
| Trading Pair | Borrowing Halt Time (UTC+8) | Delisting Time (UTC+8) |
|---|---|---|
| STARL/USDT | May 20, 2:00 PM | May 23, 12:00 PM |
| ANT/USDT | May 23, 2:00 PM | May 23, 4:00 PM |
Action Required: Repay loans before delisting to avoid forced repayments during market volatility.
3. Asset Discount Rate Updates
| Coin | Previous Discount Rate | Updated Rate |
|---|---|---|
| STARL | 0.5% (≤ $50K) | 0% |
| ANT | 0% (> $50K) | 0% |
Note: Cross-currency collateral values are adjusted to reflect liquidity risks.
FAQs
Q1: What happens to open orders during delisting?
All pending orders will be canceled automatically at delisting time.
Q2: How is the settlement price determined?
It’s based on the OKX Index average 1 hour before delisting, adjusted for anomalies.
Q3: Will I incur fees during settlement?
No funding fees or additional charges apply.
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For further inquiries, refer to OKX’s official announcements or contact support.
### Keywords:
1. Perpetual Contracts
2. Leverage Trading
3. Delisting Schedule
4. Risk Management
5. Funding Rates
6. Settlement Price
7. Discount Rate