Announcement from Ouyi on the official launch of SPK perpetual contract

Dear Ouyi user: Ouyi will officially launch the SPKUSDT perpetual contract on the web, app, and API at 18:30 (UTC+8) on June 17, 2025. The detailed rules are as follows: Contract Introduction Contract Elements | Details| Underlying Contract | SPK/USDT Index| Settlement cryptocurrency | USDT| Face value of the contract | 100| Price quotation | quote based on 1 SPK USDT price| Minimum price change (Tick size) | 0.00001| Leverage | 0.01~20x| Funding rate | clamp [average premium index+clamp (interest rate - average premium index, 0.05%, -0.05%), 1.50%, -1.5%] Average premium index and interest rate calculation. For details, please refer to the product documentation| Fee collection frequency (Funding interval) | 4 hours| Trading hours | 7 x 24 hours| Note: The premium when the new contract is launched is relatively unstable. To avoid unreasonable collection of funding fees, the upper limit of the funding fee rate will be calculated at 0.5% before 00:00 on June 18, 2025 (UTC+8). After 00:00 on June 18, 2025 (UTC+8), the upper limit of the funding fee rate will be adjusted back to the normal 1.5% [The actual collection time of funding fees for this period will be 4:00 am on June 18, 2025 (UTC+8)]. If there is a deviation in the price of this contract, the funding rate will be adjusted according to market conditions. In addition, the limit trading rules of the SPKUSDT perpetual contract are consistent with other currencies. For details, please refer to the perpetual contract explanation document: USDT margin perpetual contract: Ouyi perpetual contract user agreement Ouyi will continue to provide you with better products and services! Ouyi team June 17th, 2025