Dear OKX Users,
We are excited to announce the official launch of PROMPTUSDT perpetual contracts on our web platform, mobile app, and API at 9:30 PM (UTC+8) on April 10, 2025. Additionally, PROMPT leverage trading and Simple Earn will go live at 12:10 PM (UTC+8) on April 11, 2025. Below are the detailed rules:
Leverage Trading and Simple Earn
- PROMPT will be available for USDT-margined leverage trading.
- Leverage tiers will be available post-launch. 👉 Check margin position tiers here
- Simple Earn quotas will be visible after launch. 👉 Review Simple Earn rules
Perpetual Contracts
Contract Specifications:
| Contract Element | Details |
|---|---|
| Underlying | PROMPT/USDT Index |
| Settlement Currency | USDT |
| Face Value | 10 |
| Price Quotation | USDT price per 1 PROMPT |
| Tick Size | 0.00001 |
| Leverage | 0.01–20x |
| Funding Fee | Clamp(MA([(Mark Price – Spot Index) / Spot Index – Interest]), ±1.5%) |
| Funding Interval | 4 hours |
| Trading Hours | 24/7 |
Note: To mitigate unstable premiums during initial launch, funding rate caps will be adjusted:
- 0.5% until 00:00 (UTC+8) on April 11, 2025.
- 1.5% thereafter (effective from 04:00 UTC+8). Market-driven adjustments may apply.
For full trading rules, refer to our perpetual contracts documentation. 👉 Learn more about perpetual swaps
FAQ
Q1: When does PROMPT leverage trading start?
A1: April 11, 2025, at 12:10 PM (UTC+8).
Q2: What’s the maximum leverage for PROMPT contracts?
A2: 20x.
Q3: Are there limits on Simple Earn for PROMPT?
A3: Yes, quotas will be visible post-launch.
Q4: How often are funding fees paid?
A4: Every 4 hours.
Q5: What happens if the contract price deviates significantly?
A5: Funding rates may be adjusted based on market conditions.
OKX remains committed to delivering top-tier products and services.
OKX Team
April 10, 2025