Dear OKX Users,
We are excited to announce the official launch of PROMPT/USDT perpetual contracts on our web platform, mobile app, and API starting April 10, 2025, at 9:30 PM (UTC+8). Additionally, PROMPT leverage trading and Simple Earn will go live on April 11, 2025, at 12:10 PM (UTC+8). Below are the detailed rules:
I. Leverage Trading and Simple Earn
- PROMPT will support USDT-paired leverage trading.
- Leverage tier settings will be available post-launch.
👉 Check leverage tier specifications - Simple Earn quotas will be updated post-launch.
II. Perpetual Contracts
Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | PROMPT/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT price per 1 PROMPT |
| Minimum Price Movement | 0.00001 |
| Leverage Range | 0.01x – 20x |
| Funding Fee Calculation | Clamp(MA([(Bid+Ask)/2 – Spot Index] / Spot Index – Interest), -1.5%, 1.5%) |
| Funding Interval | 4 hours |
| Trading Hours | 24/7 |
Key Notes:
- Initial Funding Rate Cap: 0.5% until 00:00 (UTC+8) on April 11, 2025, adjusting to 1.5% thereafter.
- Market Adjustments: Funding rates may be revised if price deviations occur.
For full trading rules, refer to:
👉 OKX Perpetual Swap User Agreement
FAQs
1. When does PROMPT leverage trading begin?
Answer: April 11, 2025, at 12:10 PM (UTC+8).
2. What’s the minimum price movement for PROMPT contracts?
Answer: 0.00001 USDT.
3. Are PROMPT perpetual contracts available 24/7?
Answer: Yes, trading is continuous.
4. How are funding fees calculated?
Answer: Based on the differential between contract mid-price and spot index, capped at ±1.5%.
OKX remains committed to delivering superior products and services.
Best regards,
The OKX Team
April 10, 2025