The cryptocurrency exchange OKX has announced the upcoming launch of USDT-margined perpetual futures contracts for the SONIC token, alongside spot margin trading and Simple Earn services. This strategic addition enhances trading flexibility and investment opportunities for users interested in the SONIC ecosystem.
Trading will go live in two phases:
- Perpetual futures contracts (USDT-margined) will be available starting 21:00 on January 7, 2025 (Vietnam Time).
- Spot margin trading and Simple Earn services for SONIC will follow, launching at 11:00 on January 8, 2025 (Vietnam Time).
Both web and mobile platforms will receive interface and API updates to support these new features, ensuring a seamless user experience across devices.
Spot Margin Trading & Simple Earn Support
With the integration of SONIC into OKX’s broader financial ecosystem, users gain access to advanced trading and passive income tools.
1. Spot Margin Trading
Spot margin trading will be enabled for the SONIC/USDT trading pair. This allows traders to leverage their positions by borrowing funds, amplifying potential returns—though risk management remains essential due to market volatility.
👉 Discover how margin trading can boost your strategy with flexible leverage options.
Users can view tiered margin levels after official listing via the updated Position Margin Schedule. These tiers determine borrowing limits and risk parameters based on account equity and position size.
2. Simple Earn for SONIC
OKX’s Simple Earn program enables users to generate yield on idle assets. Once active, SONIC holders will be able to deposit their tokens and earn competitive interest rates through flexible or fixed-term staking options.
Eligibility criteria, maximum subscription limits, and interest distribution schedules will be published post-listing. For full details, users should refer to the official Simple Earn Guide after launch.
This addition aligns with growing demand for accessible, low-barrier earning mechanisms in decentralized finance (DeFi) and centralized finance (CeFi) environments alike.
Perpetual Futures Contracts: Key Features
Perpetual contracts have become a cornerstone of modern crypto derivatives trading, offering long-term exposure without expiry dates. The newly listed SONIC/USDT perpetual contract comes with a robust set of specifications designed for both novice and professional traders.
Contract Specifications
- Underlying Index: SONIC/USDT
- Settlement Currency: USDT
- Contract Size: 1 SONIC per contract
- Price Quotation: Value of 1 SONIC in USDT
- Tick Size: 0.00001 USDT
- Leverage Range: 0.01x to 50x (adjustable based on position size and risk settings)
Funding Rate Mechanism:
Clamp(MA((Best Bid + Best Ask)/2 – Spot Index Price) / Spot Index Price – Interest, -1.5%, 1.5%)Where Interest = 0. Funding is paid or received based on the current interval.
- Trading Hours: 24/7
The funding rate mechanism ensures price alignment between the perpetual contract and the underlying spot market. It uses a moving average (MA) of mid-prices relative to the spot index, capped within ±1.5% to prevent extreme deviations.
Special Funding Rate Limit During Launch Phase
To mitigate unfair funding costs during initial volatility, OKX will implement a temporary cap:
- Maximum funding rate limited to 0.03% until 23:00 on January 7, 2025 (Vietnam Time).
- After this time, the cap will revert to the standard ±1.5%.
- The first funding settlement under normal conditions will occur at 07:00 on January 8, 2025 (Vietnam Time).
This protective measure helps early participants avoid disproportionate fees caused by price imbalances common in newly launched markets.
For more information on contract rules and user obligations, please review the OKX Perpetual Swap Trading User Agreement.
👉 Start trading perpetuals with precision using real-time data and advanced order types.
Why This Matters: SONIC in the Evolving Crypto Landscape
SONIC has emerged as a promising project within the decentralized infrastructure space, focusing on scalability and interoperability solutions. Its integration into OKX’s suite of financial products signals increasing institutional and retail interest.
By offering perpetual futures, margin trading, and yield-generating services, OKX provides a comprehensive toolkit for users to:
- Take leveraged directional bets
- Hedge existing holdings
- Earn passive income
- Engage in arbitrage opportunities
These services collectively enhance liquidity and deepen market efficiency—key indicators of maturing digital asset ecosystems.
Frequently Asked Questions (FAQ)
Q: What is a USDT-margined perpetual contract?
A: It's a derivative product that allows traders to speculate on the price of an asset like SONIC using USDT as collateral. Unlike traditional futures, it has no expiry date and uses periodic funding payments to stay aligned with the spot price.
Q: When can I start margin trading SONIC?
A: Spot margin trading for SONIC/USDT opens at 11:00 on January 8, 2025 (Vietnam Time), one day after futures go live.
Q: How is the funding rate calculated for SONIC perpetuals?
A: The rate is derived from the difference between the average of the best bid/ask prices and the spot index price, adjusted by a moving average. It’s then clamped between -1.5% and +1.5% to limit extremes.
Q: Can I use other cryptocurrencies as margin for SONIC futures?
A: No—this contract is strictly USDT-margined. Only USDT can be used for collateral, profit/loss calculation, and settlement.
Q: Is there a fee to participate in Simple Earn with SONIC?
A: There are no direct fees to subscribe. However, interest rates may vary based on demand, lock-up period, and platform policies.
Q: Where can I find real-time updates about SONIC trading?
A: Market data, announcements, and performance metrics are available directly on the OKX trading interface and official support channels.
Final Thoughts
The listing of SONIC perpetual contracts, along with margin trading and Simple Earn support, marks a significant milestone for both the project and its community. OKX continues to expand its offerings to meet evolving trader needs—combining innovation with stability.
Whether you're looking to trade with leverage, hedge risk, or grow your portfolio passively, now is an ideal time to explore what SONIC has to offer within a secure, regulated environment.
👉 Access powerful trading tools and start building your crypto strategy today.