Dear OKX Users,
To enhance your trading experience and reduce transaction costs, OKX will adjust the minimum order quantity and order size precision for select perpetual and futures contracts on March 14, 2024, between 14:00–18:00 (UTC+8). Below are the key changes:
Contract-Specific Adjustments
| Contract Type | Pair | Previous Min Order Qty & Precision (Lots) | New Min Order Qty & Precision (Lots) |
|---|---|---|---|
| Futures | LTCUSDT | 1 | 0.1 |
| Perpetual | LTCUSDT | 1 | 0.1 |
| Perpetual | SHIBUSDT | 1 | 0.1 |
👉 Learn more about trading rules
Note: Existing orders, transfers, and leverage adjustments will remain unaffected.
Key Concepts Explained
1. Order Size Precision vs. Minimum Order Quantity
- Order Size Precision: The smallest incremental change allowed for order quantities (e.g., 0.1 lots for LTCUSDT).
- Minimum Order Quantity: The smallest valid order size, always a multiple of the precision (e.g., ≥0.1 lots for SHIBUSDT post-adjustment).
Example: For ETHUSDT with a precision of 0.1 lots, orders can be 1.1, 1.2 lots, etc., but never 1.15 lots.
2. Display Rules for Positions/Orders
After adjustments:
- Positions and pending orders may show fractional quantities (e.g., 1.5 lots of SHIBUSDT).
- API/strategy/copy-trading users follow the same rules.
3. Order Submission Rules
- New/modified orders must adhere to updated precision and minimums.
- API example: A SHIBUSDT order must be in 0.1-lot increments (100,000 SHIB) post-change.
API Updates
Endpoints will reflect adjusted lotSz (precision) and minSz (minimum size). Refer to the API changelog for details.
FAQ
Q: Will my existing orders be canceled?
A: No. All active orders remain valid.
Q: How does this affect leverage?
A: Leverage settings are independent of order size adjustments.
Q: Is there a deadline to update my trading bot?
A: We recommend updating strategies by March 13 to avoid disruptions.
OKX remains committed to delivering superior trading products and services. We appreciate your understanding and encourage you to review your strategies ahead of the update.
OKX Team
January 12, 2024