OKX Announces Official Launch of MATIC, FLOW, SAND, PERP Margin Trading, Savings, and SANDUSDT & PERPUSDT Perpetual Contracts

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Dear OKX Users,

We are excited to announce the official launch of MATIC, FLOW, SAND, and PERP margin trading, savings products, and SANDUSDT & PERPUSDT perpetual contracts on our platform (web, app, and API). Below are the detailed specifications:

I. Margin Trading & Savings

  1. Trading Pairs:
    MATIC, FLOW, SAND, and PERP will support USDT-based margin trading.
  2. Leverage Tiers:
    Post-launch, refer to: Leverage Borrowing Position Tier Explanation for gradient designs.
  3. Savings Quotas:
    Refer to: OKX Savings Product Rules post-launch.

II. Perpetual Contracts

SANDUSDT Perpetual Contract

Contract SpecDetails
UnderlyingSAND/USDT Index
Settlement CurrencyUSDT
Face Value10 SAND
Price QuotationUSDT price per 1 SAND
Min Price Increment0.0001
Leverage0.01–75x
Funding Rate FormulaClamp(MA(((Best Bid + Best Ask)/2 - Spot Index)/Spot Index - Interest), -0.75%, 0.75%) (Interest = 0)
Trading Hours24/7

PERPUSDT Perpetual Contract

Contract SpecDetails
UnderlyingPERP/USDT Index
Settlement CurrencyUSDT
Face Value1 PERP
Price QuotationUSDT price per 1 PERP
Min Price Increment0.001
Leverage0.01–75x
Funding Rate FormulaSame as SANDUSDT
Trading Hours24/7

Note:
To mitigate unstable premiums post-launch, the funding rate cap will be 0.03% until 24:00 (HKT). Post this, it reverts to 0.75%. The adjusted rate takes effect at 16:00 (HKT) the following day.

For trading rules (e.g., limit orders), refer to:
👉 USDT-Margined Perpetual Contracts Guide

FAQ

1. When will these services go live?

April 2, 17:00 (HKT).

2. What leverage levels are available?

Up to 75x for perpetual contracts; margin tiers vary by asset.

3. How is the funding rate calculated?

Based on the divergence between contract mid-price and spot index, clamped at ±0.75%.

4. Are there limits on savings deposits?

Yes, quotas are asset-specific—check the Savings Rules post-launch.

5. Can I trade via API?

Yes, all services support API access.

OKX remains committed to delivering top-tier products and services.

👉 Download OKX App Now

OKX Team
April 2 (HKT)