Toobit Futures launched the ID,MYRO,AXL Perpetual Contract on Mar 14th, 2024 (UTC), with up to 50 leverage.
More details on the ID,MYRO,AXL Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | IDUSDT | MYROUSDT | AXLUSDT |
| Launch Time | 03:11pm (UTC) Mar 14th, 2024 | 03:13pm (UTC) Mar 14th, 2024 | 03:13pm (UTC) Mar 14th, 2024 |
| Underlying Asset | ID | MYRO | AXL |
| Settlement Asset | USDT | USDT | USDT |
| Tick Size |
0.0001
|
0.00001
|
0.0001
|
| Capped Funding Rate |
3.0000% / -3.0000%
|
2.0000% / -2.0000%
|
2.0000% / -2.0000%
|
| Funding Fee Settlement Frequency | Every eight hours | Every four hours | Every four hours |
| Maximum Leverage | 20x | 50x | 50x |
| Trading Hours | 24/7 | 24/7 | 24/7 |
-
The maximum funding rate of the ID Perpetual Contract at the time of launch is 3.0000% / -3.0000%
-
The maximum funding rate of the MYRO Perpetual Contract at the time of launch is 2.0000% / -2.0000%
-
The maximum funding rate of the AXL Perpetual Contract at the time of launch is 2.0000% / -2.0000%
Based on market risk conditions, Toobit may adjust the specifications of the ID,MYRO,AXL 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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