Toobit Futures launched the TAO,SAGA Perpetual Contract on April 18th, 2024 (UTC), with up to 50 leverage.
More details on the TAO,SAGA Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual Contract | SAGAUSDT | TAOUSDT |
Launch Time | 04:23pm (UTC) Apr 12th, 2024 | 04:30pm (UTC) Apr 18th, 2024 |
Underlying Asset | SAGA | TAO |
Settlement Asset | USDT | USDT |
Tick Size | 0.0001 | 0.01 |
Capped Funding Rate |
2.0000% / -2.0000%
|
2.0000% / -2.0000%
|
Funding Fee Settlement Frequency | every four hours | every four hours |
Maximum Leverage | 50x |
50x |
-
The maximum funding rate of the SAGA Perpetual Contract at the time of launch is 2.0000% / -2.0000%
-
The maximum funding rate of the TAO Perpetual Contract at the time of launch is 2.0000% / -2.0000%
Based on market risk conditions, we may adjust the specifications of the SAGA,TAO 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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