Toobit Futures launched the IMX,STX and STRAX Perpetual Contract on Jan 22nd, 2024 (UTC), with up to 50 leverage.
More details on the IMX,STX and STRAX Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | IMXUSDT | STXUSDT | STRAXUSDT |
| Launch Time | 09:46am (UTC) Jan 22nd, 2024 | 09:36am (UTC) Jan 19th, 2024 | 09:41am (UTC) Jan 22nd, 2024 |
| Underlying Asset | IMX | STX | STRAX |
| Settlement Asset | USDT | USDT | USDT |
| Tick Size | 0.0001 | 0.0001 | 0.0001 |
| Capped Funding Rate | 0.7500% / -0.7500% | 0.7500% / -0.7500% | 0.7500% / -0.7500% |
| Funding Fee Settlement Frequency | Every four hours | Every eight hours | Every four hours |
| Maximum Leverage | 50x | 25x | 20x |
| Trading Hours | 24/7 | 24/7 | 24/7 |
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The maximum funding rate of the IMX Perpetual Contract at the time of launch is 0.7500% / -0.7500%.
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The maximum funding rate of the STRAX Perpetual Contract at the time of launch is 0.7500% / -0.7500%
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The maximum funding rate of the STX Perpetual Contract at the time of launch is 0.7500% / -0.7500%
Based on market risk conditions, Toobit may adjust the specifications of the IMX,STX and STRAX
Perpetual Contract from time to time, which may include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
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There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
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