Toobit Futures launched the APE,COTI,AGIX,MAVIA Perpetual Contract on Feb 29th, 2024 (UTC), with up to 50 leverage.
More details on the APE,COTI,AGIX,MAVIA Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | APEUSDT | COTIUSDT | AGIXUSDT | MAVIAUSDT |
| Launch Time | 10:22pm (UTC) Feb 29th, 2024 | 10:22pm (UTC) Feb 29th, 2024 | 10:25pm (UTC) Feb 29th, 2024 | 10:25pm (UTC) Feb 29th, 2024 |
| Underlying Asset | APE | COTI | AGIX | MAVIA |
| Settlement Asset | USDT | USDT | USDT | USDT |
| Tick Size | 0.0001 | 0.00001 | 0.0001 | 0.0001 |
| Capped Funding Rate |
0.4875% / -0.4875%
|
3.0000% / -3.0000%
|
3.0000% / -3.0000%
|
2.0000% / -2.0000%
|
| Funding Fee Settlement Frequency | Every eight hours | Every eight hours | Every eight hours | Every four hours |
| Maximum Leverage | 50x | 25x | 25x | 50x |
| Trading Hours | 24/7 | 24/7 | 24/7 | 24/7 |
-
The maximum funding rate of the APE Perpetual Contract at the time of launch is 0.4875% / -0.4875%
-
The maximum funding rate of the COTI Perpetual Contract at the time of launch is 3.0000% / -3.0000%
-
The maximum funding rate of the AGIX Perpetual Contract at the time of launch is 3.0000% / -3.0000%
-
The maximum funding rate of the MAVIA Perpetual Contract at the time of launch is 2.0000% / -2.0000%
Based on market risk conditions, Toobit may adjust the specifications of the APE,COTI,AGIX,MAVIA 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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