Toobit Futures launched the ZK,MEW and IO Perpetual Contract on June 19th, 2024 (UTC), with up to 50 leverage.
More details on the ZK,MEW and IO Perpetual Contract can be found in the table below:
USDⓈ-M Perpetual Contract | ZKUSDT | MEWUSDT | IOUSDT |
Launch Time | June 19th, 2024 | June 19th, 2024 6th, 2024 | June 19th, 2024 |
Underlying Asset | ZK | MEW | IO |
Settlement Asset | USDT | USDT | USDT |
Tick Size | 0.0001 | 0.000001 | 0.001 |
Capped Funding Rate |
2.0000% / -2.0000%
|
2.0000% / -2.0000%
|
2.0000% / -2.0000%
|
Funding Fee Settlement Frequency | every 4 hours | every 4 hours |
every 4 hours |
Maximum Leverage | 50x |
50x |
50x |
Please Note:
-
The maximum funding rate of the ZK Perpetual Contract at the time of launch is 2.0000% / -2.0000%
-
The maximum funding rate of the MEW Perpetual Contract at the time of launch is 2.0000% / -2.0000%
-
The maximum funding rate of the IO Perpetual Contract at the time of launch is 2.0000% / -2.0000%
Based on market risk conditions, we may adjust the specifications of the ZK,MEW, IO Perpetual Contract from time to time, which may include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.