Here’s everything you need to know about the newly launched UNIUSD perpetual contract on OKX, a leading cryptocurrency trading platform.
1. Contract Overview
The UNIUSD perpetual contract is a coin-margined derivatives product that allows traders to speculate on the price movements of UNI (Uniswap’s native token) against the USD index. Below are the key specifications:
| Contract Feature | Details |
|---|---|
| Underlying Asset | UNI/USD Index |
| Settlement Currency | UNI |
| Contract Face Value | 10 USD |
| Price Quotation | USD price per 1 UNI |
| Minimum Price Increment | 0.001 |
| Leverage | 0.01x–75x |
| Funding Rate Formula | Clamp(MA((Contract Mid Price − Spot Index Price) / Spot Index Price), −0.3%, 0.3%) |
| Trading Hours | 24/7 |
| Settlement Time | 16:00 (HKT) daily |
👉 Learn more about perpetual contracts
Funding Rate Adjustments
- Initial Period (First Day):
- Funding rate cap set at 0.03% to prevent excessive volatility.
- After 16:00 (HKT) on Day 2:
- Funding rate cap returns to the standard 0.30%.
For full contract details, refer to the official documentation:
Coin-Margined Perpetual Contracts Guide
2. Fee Structure (Limited-Time Offer)
To celebrate the launch, OKX is offering zero-fee trading for UNIUSD perpetual contracts for one month:
- Maker Fee: 0.00%
- Taker Fee: 0.00%
Note: Trades in the zero-fee zone do not contribute to trading volume tiers.
👉 Start trading UNIUSD with zero fees
Why Trade UNI Perpetual Contracts on OKX?
- High Leverage (Up to 75x) – Amplify your positions with flexible margin options.
- 24/7 Trading – No market closures; trade anytime.
- Transparent Funding Mechanism – Fair pricing with minimal rate fluctuations.
- Coin-Margined Settlement – Profits and losses settled in UNI, ideal for long-term holders.
FAQs
1. What is a perpetual contract?
A perpetual contract is a derivative that mimics traditional futures but has no expiry date, allowing indefinite holding.
2. How does the funding rate work?
The funding rate ensures the contract price stays close to the spot market. Long positions pay short positions (or vice versa) periodically.
3. Why is there a zero-fee promotion?
OKX is incentivizing traders to explore UNIUSD contracts with no trading fees for one month.
4. Can I trade UNIUSD on mobile?
Yes! Access UNIUSD contracts via the OKX app, available for iOS and Android.
5. What’s the difference between coin-margined and USDT-margined contracts?
- Coin-margined: Settled in the underlying crypto (e.g., UNI).
- USDT-margined: Settled in USDT, offering stablecoin stability.
OKX remains committed to delivering innovative trading products and an exceptional user experience.
Happy Trading! 🚀