Dear OKX Users,
We are excited to announce the official launch of the SOPHUSDT Perpetual Contract on May 28, 2025, at 9:30 PM (UTC+8). This contract will be available across our web platform, mobile app, and API. Below are the detailed specifications:
Contract Overview
| Contract Specification | Details |
|---|---|
| Underlying Asset | SOPH/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 100 |
| Quotation Unit | Price per 1 SOPH in USDT |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01–50x |
| Funding Rate | Clamp [Premium Index Average Clamp (Interest Rate – Premium Index Average, 0.05%, -0.05%), 1.50%, -1.50%] |
| Funding Interval | 4 hours |
| Trading Hours | 24/7 |
Note:
- During the initial launch period (until May 29, 2025, 12:00 AM UTC+8), the funding rate cap will be temporarily set at 0.5% to mitigate volatility. After this period, it will revert to the standard 1.5%.
- OKX reserves the right to adjust funding rates based on market conditions to ensure fairness.
👉 Learn more about perpetual contracts
Key Features
- Zero expiration: Trade indefinitely without settlement dates.
- Flexible leverage: Adjust leverage between 0.01x and 50x.
- Transparent fees: Competitive trading fees with no hidden costs.
Trading Rules
- Standard limit-order rules apply, consistent with other perpetual contracts.
- Refer to the USDT-Margined Perpetual Contract Documentation for full details.
FAQs
1. What is a perpetual contract?
Perpetual contracts are derivative products without expiry dates, allowing traders to hold positions indefinitely.
2. How is the funding rate calculated?
The rate is derived from the premium index and interest rate, clamped within ±1.5% to balance long/short positions.
3. Can I trade SOPHUSDT on mobile?
Yes! The contract is available on OKX’s web, iOS, and Android platforms.
4. What happens if the market is volatile?
OKX may adjust funding rates or leverage tiers to maintain market stability.
5. Are there API supports?
Absolutely. Developers can integrate trading via OKX’s REST and WebSocket APIs.
Why Trade SOPHUSDT on OKX?
- High liquidity: Deep order books for seamless execution.
- Robust security: Industry-leading custody and risk management.
- 24/7 customer support: Assistance whenever you need it.
Disclaimer:
Cryptocurrency trading involves significant risk. Please exercise caution and ensure you fully understand the product before participating.
OKX remains committed to delivering innovative products and exceptional service.
OKX Team
May 28, 2025
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