Dear OKX Users,
We're excited to announce the official launch of SONIC/USDT perpetual contracts on January 7, 2025 at 10:00 PM (UTC+8) across our web platform, mobile app, and API. Additionally, SONIC leverage trading and Easy Earn products will become available on January 8, 2025 at 12:00 PM (UTC+8). Below are the detailed specifications:
Leverage Trading and Easy Earn Features
- USDT Trading Pair: SONIC will support USDT-denominated margin trading
- Leverage Tiers: The margin ladder structure will be available post-launch
👉 View complete margin position tiers - Easy Earn Allocation: Refer to platform guidelines after launch
Key features include:
- Flexible leverage options
- Competitive interest rates
- Real-time risk management tools
Perpetual Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | SONIC/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 SONIC |
| Price Quotation | USDT price per 1 SONIC |
| Minimum Price Movement | 0.00001 |
| Leverage Range | 0.01x - 50x |
| Funding Fee Mechanism | Clamped rate based on premium index with 0% base interest |
| Trading Availability | 24/7 |
Special Note: During initial launch volatility (until 00:00 UTC+8 on January 8, 2025), funding rate caps will be temporarily set at 0.03% before returning to the standard 1.5% limit. The first regular funding settlement occurs at 08:00 UTC+8 on January 8, 2025.
All other trading rules (including price limits) align with our standard perpetual contract framework. 👉 Review perpetual swap trading agreement
FAQ Section
Q: When can I start trading SONIC derivatives?
A: Perpetual contracts begin January 7, 2025 at 22:00 UTC+8; margin trading and Easy Earn start January 8 at 12:00 UTC+8.
Q: What's the maximum leverage for SONIC?
A: Up to 50x for experienced traders, with lower tiers available for risk management.
Q: How are funding fees calculated?
A: Rates adjust dynamically based on the premium/discount to spot prices, with protective caps during volatile periods.
Q: Can I earn yields on SONIC holdings?
A: Yes, through our Easy Earn products launching January 8, 2025.
We remain committed to delivering exceptional trading products and services.
OKX Team
January 7, 2025