We are excited to announce that OKX will list USDT-margined perpetual futures for SPK, with trading set to go live at 10:30 am UTC on June 17, 2025. This new offering will be accessible across all platforms, including the OKX web interface, mobile app, and API, providing traders with flexible access to the SPK market.
Trading Details for SPK Perpetual Futures
The SPK perpetual futures contract is designed to offer a seamless trading experience with familiar mechanics and risk management features. Below are the key specifications:
| Feature | Details |
|---|---|
| Underlying | SPK/USDT index |
| Settlement | USDT |
| Face Value | 100 |
| Price Quotation | 1 SPK value in USDT |
| Tick Size | 0.00001 |
| Leverage | 0.01x to 20x |
| Funding Rate | Calculated based on premium index and interest rate, with upper/lower clamps |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
The funding rate mechanism helps balance market positions by periodically transferring fees between long and short traders. For a detailed explanation of how funding rates are calculated, 👉 explore the funding rate documentation.
Important Notes for Traders
To protect users from extreme volatility commonly associated with newly listed contracts, OKX has implemented a temporary funding rate cap. Before 4:00 pm UTC on June 17, 2025, the maximum funding rate will be limited to 0.5%. After this time, the cap will revert to the standard 1.5% limit.
It’s important to note that the funding rate is subject to adjustment based on real-time market conditions, especially if significant price deviations occur. The first funding fee under the new contract will be charged at 8:00 pm UTC on June 17, 2025.
Price limit rules for SPK perpetual futures will align with those of other perpetual contracts on the platform, helping maintain orderly markets and reduce liquidation risks during periods of high volatility.
How to Start Trading SPK Perpetual Futures
Trading perpetual futures requires a solid understanding of leverage, margin, and funding mechanisms. New users are encouraged to familiarize themselves with the contract specifications and risk disclosures before participating.
You can access the trading interface via the OKX website or mobile application once the market opens. For advanced traders, the API allows for automated strategy execution and high-frequency trading.
👉 Learn more about perpetual futures trading
Frequently Asked Questions
What are perpetual futures?
Perpetual futures are derivative contracts that allow traders to speculate on the future price of an asset without an expiration date. They use a funding rate mechanism to keep the contract price aligned with the spot market.
How is the funding rate for SPK futures calculated?
The funding rate consists of two components: the interest rate and the premium index. It is clamped within a set range to avoid extreme values, especially in the first few hours after listing.
What leverage levels are available?
Traders can choose leverage between 0.01x and 20x based on their risk tolerance and strategy. Higher leverage increases both potential profit and risk.
Are there trading limits or restrictions?
Standard position and price limits apply to SPK perpetual futures, similar to other contracts on OKX. These are in place to promote market stability.
Can I trade SPK futures on mobile?
Yes, the OKX mobile app supports full trading functionality for perpetual futures, including order placement, portfolio tracking, and risk management.
What happens if the market is highly volatile?
OKX employs a number of protective measures, including price limits and margin requirements, to reduce the impact of volatility. The funding rate cap for new listings also helps manage risk during the initial launch period.
OKX continues to expand its derivatives offerings to meet growing trader demand for innovative and responsive financial products. The introduction of SPK perpetual futures offers yet another avenue for crypto market participation, combining flexibility with robust risk management frameworks.
As with all leveraged products, users are advised to trade responsibly and make use of the educational resources available on the platform.