Dear OKX Users,
To enhance market liquidity and index stability across leveraged, futures, and perpetual swap products while mitigating risks, OKX will adjust the composition rules for STX/USD and STX/USDT indices during March 22, 2023 (15:00–17:00 UTC+8). Key changes are outlined below:
Index Composition Adjustments
| Index Name | Before Adjustment | After Adjustment |
|---|---|---|
| STX/USD | Binance: STX/USDT (20%) | Binance: STX/USDT (20%) |
| OKX: STX/USDT (20%) | OKX: STX/USDT (20%) | |
| Kucoin: STX/USDT (20%) | Kucoin: STX/USDT (20%) | |
| Gate: STX/USDT (20%) | Gate: STX/USDT (20%) | |
| Coinbase: STX/USD (20%) | Kraken: STX/USD (20%) | |
| STX/USDT | Binance: STX/USDT (20%) | Binance: STX/USDT (20%) |
| OKX: STX/USDT (20%) | OKX: STX/USDT (20%) | |
| Kucoin: STX/USDT (20%) | Kucoin: STX/USDT (20%) | |
| Gate: STX/USDT (20%) | Gate: STX/USDT (20%) | |
| Coinbase: STX/USD (20%) | Kraken: STX/USD (20%) |
Note: Changes take effect within 60 minutes.
Index Calculation Methodology
- Data Collection: Real-time prices and trading volumes are fetched from all component exchanges.
- Invalid Data: Exchanges under maintenance or with stale data are excluded.
- Currency Conversion: Prices are standardized using benchmark indices (e.g., BTC/USDT, USDT/USD) if the trading pair’s quote currency differs from the index’s.
Weighted Calculation:
- ≥3 Valid Exchanges: Equal-weighted average, with outliers capped at ±3% of the median.
- 2 Valid Exchanges: Equal-weighted average.
- 1 Valid Exchange: Directly uses the remaining exchange’s price.
👉 Learn more about OKX’s risk management
Risk Warning
Market volatility during index adjustments may cause price jumps in mark prices for leveraged and contract markets. Users’ maintenance margin requirements could increase post-adjustment. To avoid forced liquidation, manage risks by reducing leverage via closing positions, adding collateral, or adjusting positions.
OKX remains committed to delivering superior products and services.
Best regards,
The OKX Team
March 22, 2023 (UTC+8)
FAQs
Why is OKX adjusting the STX indices?
To improve liquidity and stability while reducing exposure to market risks.
How will this affect my existing positions?
Your maintenance margin may rise. Monitor your positions and adjust leverage accordingly.
When will the changes take effect?
Between 15:00 and 17:00 UTC+8 on March 22, 2023.
Where can I track the updated index components?
Refer to the OKX API documentation for real-time data.