Dear OKX Users,
We are excited to announce the official launch of IPUSDT perpetual contracts on February 13, 2025, at 6:00 PM (UTC+8) across web, mobile app, and API platforms. Additionally, margin trading, Simple Earn, and Flexible Loans for IP will be available starting February 14, 2025, at 12:00 PM (UTC+8). Below are the detailed rules:
1. Margin Trading and Simple Earn
- IP will support USDT trading pairs for margin trading.
- Leverage tiers will follow the standard structure (refer to platform upon launch).
Simple Earn and Flexible Loans:
- Earn passive income through Simple Earn (details available post-launch).
- Access liquidity via Flexible Loans (details available post-launch).
👉 Explore margin trading strategies
2. Perpetual Contracts
Contract Specifications:
| Feature | Detail |
|---|---|
| Underlying | IP/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 IP |
| Price Quotation | USDT price per 1 IP |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01x–50x |
| Funding Fee | Clamped at ±1.5% (adjusted for market stability) |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Note: Initial funding rate caps will be temporarily set at 0.5% until February 14, 2025, 00:00 (UTC+8), reverting to 1.5% thereafter. Rate adjustments may occur if market deviations arise.
FAQs
Q: When does IP margin trading begin?
A: February 14, 2025, at 12:00 PM (UTC+8).
Q: What leverage is available for IP perpetual contracts?
A: Ranges from 0.01x to 50x.
Q: How are funding fees calculated?
A: Based on the differential between contract mid-price and spot index, capped at ±1.5%.
👉 Learn more about perpetual contracts
OKX remains committed to delivering superior products and services. Thank you for your support!
OKX Team
February 13, 2025
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