To provide more trading options and enhance the user trading experience, MGBX will launch SWARMSUSDT and TURBOUSDT perpetual futures on January 9, 2025 20:00 (UTC+8). These Futures will offer up to 75x leverage.
Below are the details of the perpetual futures:
| USDT-Margined Perpetual Futures | SWARMSUSDT | TRUBOUSDT |
| Launch Time | January 9, 2025 20:00 (UTC+8) | January 9, 2025 20:00 (UTC+8) |
| Underlying Asset | Swarms (SWARMS) | Turbo (TURBO) |
| Settlement Asset | USDT | USDT |
| Tick Size | 0.0001 | 0.0000001 |
| Price Precision | 0.0001 | 0.0000001 |
| Trading Fee Rate | maker:0.05% taker 0.05% | maker:0.05% taker 0.05% |
| Capped Funding Rate | +2%/-2% | +2%/-2% |
| Funding Fee Settlement Frequency | Every 4 hours | Every 4 hours |
| Maximum Leverage | 75× | 75× |
| Trading Time | 7×24 | 7×24 |
Important Notes:
- At launch, The maximum funding rate for the above perpetual futures will be +2%/-2%.
- The funding fee settlement frequency is every four hours.
- Based on market risk conditions, MGBX reserves the right to adjust futures parameters, including funding rates, minimum price increments, maximum leverage, initial margin, maintenance margin, and other critical parameters.
MGBX Team
January 8, 2025
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