To provide more trading options and enhance user experience, Megabit will launch MOODENGUSDT and DEGENUSDT perpetual contracts on December 5, 2024, at 20:00 (UTC+8) with a maximum leverage of 75x.
Details of the Perpetual Contracts
Contract Type |
MOODENGUSDT |
DEGENUSDT |
Launch Time |
December 5, 2024, 20:00 (UTC+8) |
December 5, 2024, 20:00 (UTC+8) |
Underlying Asset |
Moo Deng (MOODENG) |
Degen (DEGEN) |
Settlement Asset |
USDT |
USDT |
Minimum Price Change |
0.00001 |
0.000001 |
Price Precision |
0.00001 |
0.000001 |
Trading Fee Rate |
maker: 0.05%, taker: 0.05% |
maker: 0.05%, taker: 0.05% |
Funding Rate Cap |
+0.5% / -0.5% |
+0.5% / -0.5% |
Funding Rate Frequency |
Every 4 hours |
Every 4 hours |
Maximum Leverage |
75x |
75x |
Trading Hours |
24/7 |
24/7 |
Important Notes
1. Funding Rate Cap: At launch, the funding rate cap will be +0.5%/-0.5%.
2. Funding Settlement Frequency: Funding fees will be settled every 4 hours.
3. Contract Parameter Adjustments: Megabit reserves the right to adjust key contract parameters, including funding rates, minimum price change, maximum leverage, initial margin, maintenance margin, and more, based on market risk conditions.
Thank you for your support of Megabit. We are committed to providing you with more trading options and an exceptional trading experience!
Megabit Team
December 5, 2024
Megabit Community
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