Announcement from Ouyi on the official launch of GUN perpetual contract

OKX
OKX|Mar 31, 2025 06:01
Dear Ouyi user: Ouyi will officially launch the GUNUSDT perpetual contract on the web, app, and API at 9:30pm (UTC+8) on March 31, 2025. The detailed rules are as follows: 1. Opening time GUNUSDT contract trading opening time: 9:30pm on March 31st (UTC+8) 2. Contract Introduction GUNUSDT perpetual contract: GUN (Gunz) is currently a very popular gaming platform. Its flagship game 'Off the Grid' is an AAA level battle royale style game that has been developed for four years and has now been completed and released. *English full name: Gunz *English abbreviation: GUN *Project official website: https://(gunzillagames.com) Contract Elements | Details| Underlying Contract | GUN/USDT Index| Settlement cryptocurrency | USDT| Price quotation | quote based on USDT price of 1 GUN| Leverage | 0.01~20x| Funding fee | Clamp (MA ([(contract buy price+contract sell price)/2- spot index price/spot index price - Interest), -1.5%, 1.5%), where Interest is 0. Note: The payment of funding fees is made in the current period| Fee collection frequency (Funding interval) | 4 hours| Trading hours | 7 x 24 hours| Note: The premium when the new contract is launched is relatively unstable. To avoid unreasonable collection of funding fees, the upper limit of the funding fee rate will be calculated at 0.5% before 00:00 am on April 1, 2025 (UTC+8). After 00:00 am on April 1, 2025 (UTC+8), the upper limit of the funding fee rate will be adjusted back to the normal 1.5% [the actual collection time of funding fees for this period will be 4:00 am on April 1, 2025 (UTC+8)]. If there is a deviation in the price of this contract, the funding rate will be adjusted according to market conditions. In addition, the limit trading rules of GUNUSDT perpetual contract are consistent with other currencies. For details, please refer to the perpetual contract explanation document: USDT margin perpetual contract: Ouyi perpetual contract user agreement Ouyi will continue to provide you with better products and services! Ouyi team March 31, 2025
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