We are pleased to announce that the USDT-margined ZEUS perpetual swap will be listed on April 5, 2024, at 08:30 UTC. The ZEUS token will also be listed on our Spot Trading and Simple Earn platforms on April 8, 2024, at 04:00 UTC.
These updates will be reflected across our official website, mobile application, and API interface. Here are the key details:
Spot Trading and Simple Earn Listings
- The following spot trading pair will be available: ZEUS/USDT.
- For detailed information on margin tiers, please refer to the official platform data following the listing.
- To learn about the subscription limits for Simple Earn products, please check the platform details after the official listing goes live.
Perpetual Swap Trading Details
The new ZEUSUSDT perpetual swap contract offers advanced trading opportunities with the following specifications:
| Feature | Details |
|---|---|
| Underlying Asset | ZEUS/USDT Index |
| Settlement Asset | USDT |
| Contract Face Value | 10 ZEUS |
| Pricing Unit | USDT per 1 ZEUS |
| Minimum Price Movement | 0.0001 |
| Leverage | 0.01x to 50x |
| Funding Rate | Clamp(MA[(Best Bid + Best Ask)/2 – Spot Index Price] / Spot Index Price – Interest), -0.75%, 0.75%), Interest = 0. Funding fees are received and paid each funding interval. |
| Trading Hours | 24/7 |
Important Note on Funding Rates: Upon the initial launch of a new contract, the basis (or contract premium) can be highly volatile. To protect users from excessive fees, the funding rate cap will be temporarily set to 0.03% until 16:00 UTC on April 5, 2024. After this time, the expected maximum funding rate will be adjusted back to the standard 1.50%. (The funding fee for this interval will be settled at 00:00 UTC on April 6, 2024.)
The maximum price limit rules for the ZEUSUSDT perpetual swap are consistent with those for other perpetual swap contracts. For a comprehensive understanding of these mechanics, please consult our dedicated perpetual swap trading guides.
👉 Explore perpetual swap trading strategies
Frequently Asked Questions
What is a perpetual swap contract?
A perpetual swap is a derivative product that allows traders to speculate on the future price of an asset, like the ZEUS token, without an expiry date. It uses a funding rate mechanism to keep the contract's market price aligned with the underlying spot index price.
When can I start trading the ZEUS token on Spot?
Spot trading for the ZEUS/USDT pair will begin on April 8, 2024, at 04:00 UTC. This is separate from the perpetual swap listing, which goes live on April 5th.
What is the funding rate in perpetual swap trading?
The funding rate is a periodic fee paid between long and short traders to ensure the contract price converges with the spot price. If the rate is positive, longs pay shorts; if negative, shorts pay longs.
Can I earn rewards with my ZEUS tokens?
Yes, once the token is listed on April 8th, you will be able to subscribe with your ZEUS tokens in Simple Earn products to potentially generate passive income.
What leverage is available for the ZEUS perpetual swap?
Traders can utilize leverage from 0.01x up to 50x on the ZEUSUSDT perpetual swap contract, allowing for flexible position sizing based on individual risk appetite.
Where can I find the official trading guides?
All official guides for spot trading, perpetual swaps, and earn products are available within the platform's help center after logging into your account. These resources provide in-depth explanations of terms, rules, and risk management.