Dear OKX Users,
We are excited to announce the official launch of IPUSDT perpetual contracts on our web platform, mobile app, and API starting February 13, 2025, at 6:00 PM (UTC+8). Additionally, margin trading, Simple Earn, and Flexible Loans for IP will go live on February 14, 2025, at 12:00 PM (UTC+8). Below are the detailed rules:
1. Margin Trading and Simple Earn
- IP will be available for margin trading with USDT pairs.
- Leverage tier settings will be accessible post-launch.
👉 Leverage Trading Position Tiers Explained Simple Earn and Flexible Loans:
- For Simple Earn details, refer to:
👉 OKX Simple Earn - For Flexible Loans details, refer to:
👉 OKX Flexible Loans
- For Simple Earn details, refer to:
2. Perpetual Contracts
Contract Specifications:
| Contract Element | Details |
|---|---|
| Underlying | IP/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 |
| Price Quotation | USDT price per 1 IP |
| Minimum Price Increment | 0.00001 |
| Leverage | 0.01–50x |
| Funding Fee | Clamp(MA([(Mark Price – Spot Index) / Spot Index – Interest]), -1.5%, 1.5%) |
| Funding Interval | 4 hours |
| Trading Hours | 24/7 |
Notes:
- To mitigate volatility during initial launch, the funding rate cap will be 0.5% until February 14, 2025, 12:00 AM (UTC+8), after which it reverts to 1.5%.
- OKX reserves the right to adjust funding rates if price deviations occur.
For full trading rules, see:
👉 OKX Perpetual Swap User Agreement
FAQs
1. What is the tick size for IPUSDT contracts?
The minimum price increment is 0.00001.
2. Can I use leverage for IP margin trading?
Yes, leverage ranges from 0.01x to 50x.
3. When do funding fees settle?
Every 4 hours, with exceptions during the launch period.
4. Are Simple Earn yields fixed?
No, yields vary based on market conditions.
5. How do Flexible Loans work?
Borrow assets flexibly with interest calculated per second.
OKX is committed to delivering best-in-class products and superior services.
OKX Team
February 13, 2025