OKX to list perpetual for KAITO crypto, along with its margin trading and Simple Earn
We are pleased to announce that USDT-margined perpetual futures for KAITO will be enabled at 2:00 pm UTC on February 20, 2025. KAITO margin trading and Simple Earn will be enabled at 4:10 am UTC on February 21, 2025.
This update covers both the web and app interfaces as well as the API. The details are as follows:
I. Margin trading and Simple Earn
Spot margin trading will be activated for the following pair: KAITO/USDT.
For the details of the tiered margin level, please refer to the position tier margin schedule after official listing.
For the limits of Simple Earn, please refer to the Simple Earn guide after official listing.
II. Perpetual futures trading
Features | Details |
Underlying | KAITO/USDT index |
Settlement crypto | USDT |
Face value | 1 |
Price quotation | 1 KAITO value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-50x |
Funding fee | Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), Interest = 0 Note: Funding fees are received and deducted based on the current period. |
Funding interval | 4 hours |
Trading hours | 24/7 |
Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on February 20, 2025 is 0.5%. After 4:00 pm UTC on February 20, 2025, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on February 20, 2025.) If there is a deviation from the contract price, the funding fee limit will be adjusted according to market conditions.
The price limit rules of KAITO USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
February 20, 2025