OKX to list perpetual for SPK crypto
We are pleased to announce that USDT-margined perpetual futures for SPK will be enabled at 10:30 am UTC on June 17, 2025.
This update covers both the web and app interfaces as well as the API. The details are as follows:
Perpetual futures trading
Features | Details |
Underlying | SPK/USDT index |
Settlement crypto | USDT |
Face value | 100 |
Price quotation | 1 SPK value calculated in USDT equivalent |
Tick size | 0.00001 |
Leverage | 0.01-20x |
Funding rate | clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation |
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 June 17, 2025 is 0.5%. After 4:00 pm UTC on June 17, 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 June 17, 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 SPK 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
June 17, 2025