We are excited to announce the official launch of new SUI trading products, including leveraged trading, savings services, and perpetual contracts. These features are designed to provide users with more flexibility and opportunities within the SUI market.
This guide covers the key details and mechanics of these newly available options.
Leveraged Trading and Savings
SUI leveraged trading and savings products are now accessible to users.
Leveraged Trading with USDT Pair
SUI is now available for leveraged trading against USDT. This allows traders to open larger positions by borrowing funds, thereby potentially amplifying both gains and losses.
Each leveraged product has specific margin level requirements. These tiers determine the maximum leverage available and the margin ratios required to maintain a position.
👉 Check the latest margin level requirements
Savings Product (Crypto Savings)
The SUI savings feature enables users to earn interest on their idle SUI assets by depositing them into a savings account.
The available deposit quotas and applicable interest rates for SUI can vary based on market demand and supply. Users are advised to check the platform for the most current information before making a deposit.
SUI Perpetual Contracts
The SUIUSDT perpetual contract is now live, offering a way to speculate on the future price of SUI without an expiry date.
Key Contract Specifications
| Contract Element | Details |
|---|---|
| Underlying Asset | SUI/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 SUI |
| Price Quotation | Price of 1 SUI in USDT |
| Minimum Price Movement | 0.0001 |
| Leverage | 0.01x to 75x |
| Funding Rate | Calculated based on the difference between the contract mark price and the spot index price. |
| Trading Hours | 24/7 |
Important Notes on Funding Rates
To ensure stability during the initial launch phase, a special measure for the funding rate calculation is in effect.
For the first 24 hours after launch, the maximum funding rate上限 was set at a reduced 0.03%. After this initial period, the maximum rate returned to the standard 1.50%. This mechanism helped prevent unusually high or low funding payments during the market's early price discovery phase.
All other standard trading rules for USDT-margined perpetual contracts, such as limit order specifications, apply to SUIUSDT contracts.
👉 Learn more about perpetual contract trading
Frequently Asked Questions
Q: What is leveraged trading?
A: Leveraged trading allows you to borrow funds to open a position larger than your account balance. It can magnify profits but also significantly increases the potential for losses, making risk management crucial.
Q: How does the savings feature work?
A: The savings product lets you deposit your SUI tokens to earn interest over time. Your assets are lent out to other users, such as margin traders, and you receive a portion of the interest generated from these loans.
Q: What is a perpetual contract?
A: A perpetual contract is a derivative product that allows you to speculate on an asset's price direction without an expiration date. It uses a funding rate mechanism to tether its price closely to the underlying spot market.
Q: Why was the funding rate capped initially?
A: Capping the funding rate immediately after launch is a common practice to protect traders from extreme volatility and potentially unreasonable funding payments while the new market finds its price equilibrium.
Q: Are these products available on mobile?
A: Yes, all newly launched SUI products, including leverage trading, savings, and perpetual contracts, are accessible on the web platform, mobile app, and via API.
Q: What are the risks involved?
A: These are advanced financial products with inherent risks. Leverage can lead to rapid losses exceeding your initial deposit. Always conduct thorough research, understand the mechanics of each product, and use risk management tools like stop-loss orders.