Dear OKX Users,
We are excited to announce the official launch of the INITUSDT Perpetual Contract on OKX web, mobile app, and API on April 24, 2025, at 7:30 PM (UTC+8). Below are the detailed specifications:
1. Trading Schedule
- INITUSDT Contract Trading Start Time: April 24, 2025, 7:30 PM (UTC+8).
2. Contract Overview
INITUSDT Perpetual Contract:
Initia is an L1 blockchain that unifies app-chains through interconnected infrastructure and coordinated economic mechanisms, unlocking their full potential.
| Contract Specifications | Details |
|---|---|
| Underlying Asset | INIT/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 INIT |
| Price Quotation | USDT price per 1 INIT |
| Minimum Price Movement | 0.0001 |
| Leverage | 0.01–20x |
| Funding Rate Formula | clamp [avg. premium index + clamp (interest rate – avg. premium index, 0.05%, -0.05%), 1.50%, -1.50%] |
| Funding Fee Interval | Every 4 hours |
| Trading Hours | 24/7 |
👉 Learn more about perpetual swap funding fees
Note:
- To mitigate volatile premiums during the initial launch, the funding rate cap will be 0.5% until 00:00 (UTC+8) on April 25, 2025, after which it reverts to the standard 1.5%.
- Adjustments to funding rates may occur if price deviations arise.
3. Trading Rules
The INITUSDT perpetual contract follows OKX’s standard trading rules (e.g., limit orders). Refer to the USDT-Margined Perpetual Contract Documentation for details.
FAQ
Q1: What is Initia?
Initia is a layer-1 blockchain designed to integrate application-specific chains via a unified economic and infrastructural framework.
Q2: How is the funding rate calculated?
It combines the average premium index and interest rate, clamped between -1.5% and +1.5%.
Q3: Can I trade INITUSDT contracts 24/7?
Yes, trading is available round-the-clock.
👉 Explore advanced trading strategies
OKX remains committed to delivering exceptional products and services.
OKX Team
April 24, 2025
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