Dear OKX Users,
We are excited to announce the official launch of the SPKUSDT Perpetual Contract on June 17, 2025, at 18:30 (UTC+8) across our web platform, mobile app, and API. Below are the detailed specifications:
Contract Specifications
| Contract Parameter | Details |
|---|---|
| Underlying Asset | SPK/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 100 |
| Price Quotation | USDT price per 1 SPK |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01–20x |
| Funding Rate | Clamped range: ±1.50% (adjustable based on market conditions) |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
👉 Trade SPKUSDT Perpetual Contracts now
Key Features
- Flexible Leverage: Choose between 0.01x to 20x leverage to suit your trading strategy.
- Fair Funding Rates: Rates dynamically adjust to prevent market manipulation.
- 24/7 Trading: Seamless access to global markets anytime.
Note: Initial funding rate caps are set at 0.5% until June 18, 2025, 00:00 (UTC+8), after which normal caps (1.5%) apply. Adjustments may occur if price deviations arise.
FAQs
1. What is the SPKUSDT Perpetual Contract?
A derivative product tracking SPK's price against USDT, settling in USDT without expiration.
2. How is the funding rate calculated?
Based on premium indices and interest rates, clamped to ±1.50% to ensure fairness.
3. Can I trade SPKUSDT contracts on mobile?
Yes! Available on OKX’s web, app, and API platforms.
👉 Start trading with OKX today
Why Choose OKX?
- Robust Trading Infrastructure: Low latency and high liquidity.
- Transparent Fees: Competitive rates with no hidden costs.
- Security First: Industry-leading custody solutions.
For full terms, review our Perpetual Contract Documentation.
OKX Team
June 17, 2025
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