Toobit Futures launched the PHB,FLOW,ACH and SXP Perpetual Contract on June 27th, 2024 (UTC), with up to 25 leverage.
More details on the PHB,FLOW,ACH and SXP Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | PHBUSDT | FLOWUSDT | ACHUSDT | SXPUSDT |
| Launch Time | June 27th, 2024 | June 27th, 2024 | June 27th, 2024 | June 27th, 2024 |
| Underlying Asset | PHB | FLOW | ACH | SXP |
| Settlement Asset | USDT | USDT | USDT | USDT |
| Tick Size | 0.0001 | 0.001 | 0.000001 | 0.0001 |
| Capped Funding Rate |
3.0000% / -3.0000%
|
3.0000% / -3.0000%
|
3.0000% / -3.0000%
|
3.0000% / -3.0000%
|
| Funding Fee Settlement Frequency | every 8 hours | every 8 hours |
every 8 hours |
every 8 hours |
| Maximum Leverage | 20x |
20x |
20x |
25x |
-
The maximum funding rate of the PHB Perpetual Contract at the time of launch is 3.0000% / -3.0000%
-
The maximum funding rate of the FLOW Perpetual Contract at the time of launch is 3.0000% / -3.0000%
-
The maximum funding rate of the ACH Perpetual Contract at the time of launch is 3.0000% / -3.0000%
-
The maximum funding rate of the SXP Perpetual Contract at the time of launch is 3.0000% / -3.0000%
Based on market risk conditions, we may adjust the specifications of the PHB,FLOW,ACH and SXP 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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Toobit reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.
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