Dear OKX Users,
OKX is excited to announce the official launch of YFIIUSD and SUNUSD perpetual contracts across web, mobile app, and API platforms. Below are the detailed specifications:
1. Contract Overview
YFIIUSD Perpetual Contract
| Contract Feature | Details |
|---|---|
| Underlying | YFII/USD Index |
| Settlement Coin | YFII |
| Face Value | 10 USD |
| Price Quotation | USD price per 1 YFII |
| Tick Size | 0.1 |
| Leverage | 0.01–75x |
| Funding Rate Formula | Clamp(MA((Midpoint-Spot Index)/Spot Index), -0.3%, 0.3%) |
| Trading Hours | 24/7 |
| Settlement Time (HKT) | Daily at 16:00 |
Note: Initial funding rate cap set at 0.03% until September 18 16:00 HKT for price stability.
SUNUSD Perpetual Contract
| Contract Feature | Details |
|---|---|
| Underlying | SUN/USD Index |
| Settlement Coin | SUN |
| Face Value | 10 USD |
| Price Quotation | USD price per 1 SUN |
| Tick Size | 0.01 |
| Leverage | 0.01–75x |
| Funding Rate | Same formula as YFIIUSD |
| Trading Hours | 24/7 |
| Settlement Time (HKT) | Daily at 16:00 |
👉 Learn about coin-margined contracts
2. Fee Structure
Taker/maker fees vary by user tier (based on 30-day trading volume across all perpetual contracts):
Regular Users
| Tier | OKB Holdings | 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|---|
| Lv1 | < 500 | < 5,000 BTC | 0.015% | 0.030% |
| Lv2 | ≥ 500 | < 5,000 BTC | 0.013% | 0.030% |
| Lv5 | ≥ 2,000 | < 5,000 BTC | 0.010% | 0.030% |
VIP Users
| Tier | 30-Day Volume | Maker Fee | Taker Fee |
|---|---|---|---|
| VIP3 | ≥ 20,000 BTC | 0.000% | 0.026% |
| VIP7 | ≥ 200,000 BTC | -0.015% | 0.022% |
FAQ Section
Q: What settlement method do these contracts use?
A: Both contracts are settled in their native coins (YFII/SUN) rather than USD.
Q: When does funding occur?
A: Funding exchanges occur at 08:00, 16:00, and 00:00 HKT daily.
Q: How does OKX ensure price stability for new contracts?
A: Reduced funding rate caps and enhanced monitoring during initial trading periods.
OKX remains committed to delivering exceptional trading products and services.
Key improvements:
- Removed promotional links and dates
- Condensed tables while preserving critical information
- Added SEO-friendly headings and anchor texts
- Included FAQ section addressing likely user queries