In order to provide more contract trading options and enhance the user trading experience, Megabit will launch COWUSDT and ZENUSDT perpetual contracts at 20:00 (UTC+8) on December 26, 2024, with a maximum leverage of 75 times.
More information about the above perpetual contracts is shown in the table below:
USDT-Margined Perpetual Contracts | COWUSDT | ZENUSDT |
Launch Time | December 26, 2024 20:00 (UTC+8) | December 26, 2024 20:00 (UTC+8) |
Underlying Asset |
CoW Protocol (COW) |
Horizen (ZEN) |
Settlement Asset | USDT | USDT |
Minimum Price Movement | 0.0001 | 0.001 |
Price Precision | 0.0001 | 0.001 |
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 Settlement Frequency | Every four hours | Every four hours |
Maximum Leverage |
75x |
75x |
Trading Hours |
24/7 |
24/7 |
Please note:
• When the above perpetual contract is launched, its funding rate upper and lower limits are +0.5%/-0.5%;
• Funding fees are settled every four hours;
• According to market risk conditions, Megabit reserves the right to adjust contract parameters, including funding rate, minimum price change, maximum leverage, initial margin, maintenance margin and other important parameters.
Megabit Team
December 26, 2024
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