Dear Toobit Users,
Toobit Futures launched the BIGTIME Perpetual Contract and LOOM Perpetual Contract at 11:00, Oct 18th, 2023 (UTC), with up to 50 leverage.
More details on the BIGTIME & LOOM Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | BIGTIMEUSDT |
| Launch Time | 11:00 (UTC) Oct 18th, 2023 |
| Underlying Asset | BIGTIME |
| Settlement Asset | USDT |
| Tick Size | 0.0001 |
| Capped Funding Rate | 0.7500% / -0.7500% |
| Funding Fee Settlement Frequency | Every four hours |
| Maximum Leverage | 50x |
| Trading Hours | 24/7 |
| USDⓈ-M Perpetual Contract | LOOMUSDT |
| Launch Time | 11:00 (UTC) Oct 18th, 2023 |
| Underlying Asset | LOOM |
| Settlement Asset | USDT |
| Tick Size | 0.0001 |
| Capped Funding Rate | 1.8750% / -1.8750% |
| Funding Fee Settlement Frequency | Every four hours |
| Maximum Leverage | 25x |
| Trading Hours | 24/7 |
Please Note:
-
The maximum funding rate of the BIGTIME Perpetual Contract at the time of launch is 0.7500% / -0.7500%.
- The maximum funding rate of the LOOM Perpetual Contract at the time of launch is 1.8750% / -1.8750%.
-
The funding fee settlement frequency is every 4 hours.
| Settlement Time |
| 2023-10-18 12:00 (UTC) |
| 2023-10-18 16:00 (UTC) |
| 2023-10-18 20:00 (UTC) |
| 2023-10-19 00:00 (UTC) |
| .............. |
Based on market risk conditions, Toobit may adjust the specifications of the BIGTIME & LOOM Perpetual Contract from time to time, which may include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
We at Toobit would like to thank you for your continuous support. Toobit believes in building a crypto ecosystem in a way that promotes transparency and long-term, sustainable growth, and we implore you to undergo this journey with us. Trade safely and wisely.
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