OKX to list perpetual futures for SOON crypto
We are pleased to announce that USDT-margined perpetual futures for SOON will be enabled at 11:30 am UTC on May 23, 2025. The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
SOON/USDT perpetual futures trading will open at 11:30 am UTC on May 23, 2025.
II. Perpetual futures trading
SOON is a high-performance Layer 2 rollup stack that harnesses a decoupled Solana Virtual Machine to deliver high TPS, enabling scalable, user-focused Web3 applications across multiple blockchains.
Full English Name: SOON
Abbreviation: SOON
Official Website: https://soo.network/
Twitter: https://x.com/soon_svm
Features | Details |
Underlying | SOON/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 SOON value calculated in USDT equivalent |
Tick size | 0.0001 |
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 fee settlement 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 May 23, 2025 is 0.5%. After 4:00 pm UTC on May 23, 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 May 23, 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 SOON 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
May 23, 2025