Friday, October 2, 2020
OKEx's BTC Perpetual Swap Funding Rates Among the Most Competitive in the Industry
  SocialTwist Tell-a-Friend  

VALLETTA, Malta, Aug. 7, 2020 /PRNewswire/ -- OKEx (, a world-leading cryptocurrency spot and derivatives exchange, is providing Bitcoin futures traders with more reasons to trade on its platform in the form of competitive funding rates on its popular BTC perpetual swap market. According to data from skew, of the nine major cryptocurrency derivatives exchanges, OKEx offers the second-lowest swaps funding rates — at an average of 0.0052%.

OKEx’s BTC Perpetual Swap Funding Rates Among the Most Competitive in the Industry

Low funding rates allow traders to realize significant savings when taking out a position on OKEx compared to competing exchanges. This competitive rate is partially due to the exchange's low-fee policy but also because OKEx does not skew its funding rate in favor of market makers. This is especially appealing to traders during a bull market, as they can maximize their profits by moving their long positions to OKEx.

OKEx CEO Jay Hao commented:

"Thanks to the way we construct our swap funding rates, we have been able to offer retail traders a much cheaper rate over the last month of the bull market. Opening the same long position on another exchange would have resulted in much higher funding fees. Most retail positions are still long at the moment, signaling bullish momentum for Bitcoin. And since we don't favor market makers, OKEx even saw some negative funding rates during the week of July 20 to July 27."

Reduced funding rates can be a major pull for retail traders looking to enhance their profit strategies and, beyond low fees, OKEx provides a secure and robust platform with a comprehensive risk-management system. During Sunday's wipeout, for example, when Bitcoin dropped $1,500 from $12,000 within a matter of minutes, OKEx's risk-management measures — including a proprietary liquidation engine, position limits and a tiered margin system — meant that, unlike other exchanges, the unexpected volatility led to zero clawbacks and zero ADL.

"With swaps funding rates substantially cheaper than on other competing exchanges, and a robust environment for trading in volatile markets, we aim to provide traders with the safest and most appealing platform for trading perpetual swaps," Mr. Hao added.


About OKEx

A world-leading cryptocurrency spot and derivatives exchange, OKEx offers the most diverse marketplace where global crypto traders, miners and institutional investors come to manage crypto assets, enhance investment opportunities and hedge risks. We provide spot and derivatives trading — including futures, perpetual swap and options — of major cryptocurrencies, offering investors flexibility in formulating their strategies to maximize gains and mitigate risks.

Photo -

Logo -

More News by PR Newswire India

PolyU launches the first dedicated interdisciplinary master programme in medical physics to nurture future clinical and academic talents in the field

New NCCN Resource for Understanding Childhood Leukemia

104 episodes of animated series Dabangg from Cosmos-Maya to launch on Disney+ Hotstar VIP

Blue Blocks Montessori School files a record 5 patents for student Inventions in Drones

Nuvoco launches 'Artiste Signature Collection' in association with Gauri Khan Designs and International Designs

Resilient Cities Network focuses its new city-led entity on strengthening cities capacity to recover from COVID-19 and build a safe and equitable world

Frost & Sullivan Recognizes Xenex with 2020 Global Company of the Year Award; LightStrike Robots Dominate Healthcare Room Disinfection Devices Market

Three corporate stalwarts; Sanjay Kaul ex Country Head Apple India, Ajay Kaul ex CEO - Jubilant Food Works, India, Mukesh Kachroo ex CTO - Gain Capital, USA set to launch a Digital Platform to Preserve and Promote Kashmiri Pandit Culture

Johnson & Johnson Initiates Pivotal Global Phase 3 Clinical Trial of Janssen's COVID-19 Vaccine Candidate

QS Business Masters Rankings 2021 - Revealed: the specializations most in-demand among employers around the world

OrbusNeich® Announces China Approval for COMBO® Coronary Stent

Former HSBC Group COO Andy Maguire joins Thought Machine as new Chair

FDI World Dental Federation and Smile Train: Children with clefts are at high risk for tooth decay, gum disease and other serious oral health concerns

LONGi wins first order to supply 103 MW of Hi-MO 5 modules for TBEA's production base in Xinjiang

Clarivate Reveals 2020 Citation Laureates - Annual List of Researchers of Nobel Class

iHerb Meeting Increased Worldwide Demand for Vitamin D and C

"Jim Murray's Whisky Bible 2021" Matsui Whisky awarded "Best Japanese Single Cask Of The Year 2021"

Next-generation Wireless Business Support Systems to Enhance Digital Efficiency for Communication Service Providers

Lebenor Launches Halcove Touch Free Buttons to make Elevators safe to travel

Annova Solutions Helping Client's Journey with Dedicated Teams Working on Industry-specific Labels

NCW seeks action taken report from Chhat...
J&K police stops youth from joining terr...
Indian Army to get new communication net...
BJP Central Election Committee to meet o...
West Bengal BJP invites Shah, Nadda to v...
Longitudinal ageing study will provide e...
 Top Stories
US Senate panel votes to subpoena F... 
Indian Army to procure 10 lakh hand... 
'Bekhayali' duo Sachet-Parampara to... 
NASA launches $5mn competition to f... 
BJP, Cong play second fiddle to all... 
KXIP win toss, choose to bowl again... 
Himesh Reshammiya gives Bollywood o... 
Abu Dhabi's Mubadala to invest over...