OKX to list perpetual for S crypto, along with its margin trading and Simple Earn

We are pleased to announce that USDT-margined perpetual futures for S will be enabled at 9:00 am UTC on January 21, 2025. S margin trading and Simple Earn will be enabled at 4:00 am UTC on January 22, 2025.

This update covers both the web and app interfaces as well as the API. The details are as follows:

I. Margin trading and Simple Earn

Spot margin trading will be activated for the following pair: S/USDT.
For the details of the tiered margin level, please refer to the position tier margin schedule after official listing.
For the limits of Simple Earn, please refer to the Simple Earn guide after official listing.

II. Perpetual futures trading

Features	Details
Underlying	S/USDT index
Settlement crypto	USDT
Face value	10
Price quotation	1 S value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-50x
Funding fee	Clamp(MA([(Best bid Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period.
Funding interval	4 hours
Trading hours	24/7

Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on January 21, 2025 is 0.03%. After 4:00 pm UTC on January 21, 2025, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on January 21, 2025.)

The price limit rules of S USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement

OKX team
January 21, 2025

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