Dear OKX Users,
We are excited to announce the official launch of the SOPH/USDT Perpetual Contract on May 28, 2025, at 9:30 PM (UTC+8), available across our web platform, mobile app, and API. Below are the detailed specifications:
Contract Specifications
| Contract Feature | Details |
|---|---|
| Underlying Asset | SOPH/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 100 |
| Price Quotation | USDT price per 1 SOPH |
| Minimum Price Change | 0.00001 |
| Leverage Range | 0.01x – 50x |
| Funding Rate Formula | clamp [Avg Premium Index + clamp (Interest Rate – Avg Premium Index, ±0.05%), ±1.5%] See Funding Rate Documentation for details |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Key Notes:
- Initial Rate Cap Adjustment: To mitigate volatility, funding rates will be capped at 0.5% until 00:00 (UTC+8) on May 29, 2025, after which the standard 1.5% limit resumes (actual collection at 4:00 AM UTC+8).
- Market-Driven Adjustments: OKX may recalibrate funding rates if significant price deviations occur.
👉 Trade SOPH Perpetuals with low fees and high liquidity
Trading Rules
SOPH/USDT perpetual contracts follow the same limit-order and trading rules as other tokens. Refer to our USDT-Margined Perpetual Contracts Guide for full details.
FAQ
Q1: What is the funding rate cap during the initial launch period?
A1: 0.5% until 00:00 UTC+8 on May 29, 2025, then 1.5% thereafter.
Q2: Can leverage be adjusted after opening a position?
A2: Yes, leverage can be modified within the 0.01x–50x range.
Q3: How often are funding fees charged?
A3: Every 4 hours, 24/7.
👉 Explore advanced trading strategies for perpetual contracts
OKX is committed to delivering exceptional products and services. Happy trading!
OKX Team
May 28, 2025
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