Upcoming Changes to Minimal Order Portions
Cryptocurrency alternate OKX will implement adjustments to the minimal order portions for a number of perpetual and expiry futures contracts, based on a current announcement on their official web site. The changes are scheduled to take impact between 6:00 am and eight:00 am UTC on June 6, 2024. The replace additionally consists of corresponding modifications to step dimension.
Particulars of the Changes
The next adjustments shall be made:
| Instrument | Buying and selling Pair | Min Order Qty (contracts) (Earlier than) | Min Order Qty (cash) (Earlier than) | Min Order Qty (contracts) (After) | Min Order Qty (cash) (After) |
|---|---|---|---|---|---|
| Perpetual | FET/USDT | 1 | 10 | 0.1 | 1 |
| Perpetual | SOL/USDT | 0.1 | 0.1 | 0.01 | 0.01 |
| Perpetual | STX/USDT | 1 | 10 | 0.1 | 1 |
| Perpetual | THETA/USDT | 1 | 10 | 0.1 | 1 |
Understanding Step Measurement and Minimal Order Amount
Step dimension refers back to the smallest potential increment or decrement within the variety of contracts positioned for perpetual and expiry futures. For instance, within the ETHUSDT perpetual futures with a contract dimension of 0.1 ETH, the up to date step dimension shall be set at 0.1 contracts, which means the minimal fluctuation within the contracts ordered is 0.1 contracts (equal to 0.01 ETH).
Minimal order amount is the smallest variety of contracts permissible for an order in perpetual and expiry futures. It should be an integer a number of of the step dimension. For example, within the ETHUSDT perpetual futures with a contract dimension of 0.1 ETH and a step dimension of 0.1 contracts, the minimal order amount is ready at 1 contract (0.1 ETH).
Show Guidelines for Open Positions and Orders
With the brand new step dimension changes, if the step dimension is lower than 1, each place contract sizes and order portions shall be displayed in decimals. This is applicable to unfulfilled, partially crammed, fully crammed, and open orders, in addition to the sizes of open positions. For instance, in SHIBUSDT perpetual futures with a contract dimension of 1,000,000 SHIB, the order amount shall be displayed as 10.5 contracts (10,500,000 SHIB) if the step dimension is adjusted to 0.1 contracts.
Order Processing Guidelines
For brand spanking new orders, merchants should make sure that the amount positioned or modified is an integral a number of of the step dimension and at the very least equal to the minimal order amount. For example, when the step dimension for SHIBUSDT perpetual contracts is adjusted to 0.1 contracts, any order positioned or modified should be in integral multiples of 0.1 contracts (100,000 SHIB).
API Interface Adjustment Guidelines
Put up-adjustment, the API endpoint (/api/v5/public/devices) and the WebSocket channel (Devices) will replicate the up to date values for step dimension (lotSz) and minimal order amount (minSz). Extra particulars about these adjustments will be discovered on the OKX documentation web page.
OKX emphasizes the significance of understanding these adjustments for all merchants, together with API customers, bot merchants, and replica merchants, as these changes goal to reinforce the buying and selling expertise and effectivity on their platform.
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