Starting December 8, 2023, OKX has officially rolled out the IDUSDT perpetual contract across its web, mobile app, and API platforms. In addition, leveraged trading for the ID/USDT pair and the Simple Earn feature went live earlier the same day. These new offerings enhance user flexibility in crypto trading, risk management, and passive income generation—all within a secure, high-performance environment.
This update reflects OKX’s ongoing commitment to expanding its financial product suite, empowering traders with advanced tools and diverse earning opportunities. Whether you're an experienced trader or new to digital assets, these features open up new strategic possibilities.
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Leveraged Trading & Simple Earn for ID/USDT
To support dynamic market participation, OKX introduced leveraged trading and Simple Earn services for the ID/USDT pair ahead of the perpetual contract launch.
Leveraged Trading Features
Leveraged trading allows users to amplify their exposure to price movements by borrowing funds. With the addition of ID/USDT, traders can now go long or short using leverage, increasing potential returns (and risks).
Key details:
- Trading Pair: ID/USDT
- Leverage Availability: Supported on both long and short positions
- Leverage Tiers: Flexible tiered margin system based on position size—users should refer to the platform's updated Margin Borrowing Position Tiers guide post-launch for exact thresholds and borrowing limits
The tiered structure helps maintain system stability during volatile markets while offering scalable leverage options depending on account equity.
Simple Earn: Passive Income on ID Holdings
Holders of ID tokens can now earn yield through Simple Earn, OKX’s user-friendly staking solution. By depositing ID into Simple Earn products, users receive regular returns without needing to actively trade.
Although specific APY rates and lock-up periods may vary, users are encouraged to review the latest OKX Simple Earn Terms & Conditions on the platform for real-time data on allocation limits, reward frequency, and withdrawal rules.
This integration makes it easier than ever to generate income from idle assets—turning static holdings into productive capital.
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IDUSDT Perpetual Contract Overview
Perpetual contracts are among the most popular instruments in crypto derivatives trading due to their flexibility and lack of expiry dates. The newly launched IDUSDT perpetual contract brings institutional-grade trading capabilities to retail and professional traders alike.
Below is a breakdown of its core specifications:
Contract Specifications
- Underlying Index: ID/USDT
The contract tracks the real-time average price of ID quoted in USDT across major exchanges. - Settlement Currency: USDT
All profits, losses, and collateral are settled in USDT, providing stable-value accounting. - Contract Size: 10 USDT
Each contract represents a $10 notional value of ID, making position sizing intuitive and accessible. - Price Quotation: Based on the USDT price of 1 ID
Prices are displayed as “1 ID = X USDT,” aligning with standard spot market conventions. - Tick Size: 0.0001 USDT
Enables precise order placement and tight spreads, ideal for scalpers and algorithmic traders. - Leverage Range: 1.01x to 20x
Users can adjust leverage dynamically based on risk appetite and market outlook. Funding Rate Mechanism:
$$ \text{Funding Rate} = \text{Clamp}\left(\text{MA}\left[\frac{(\text{Bid} + \text{Ask})}{2} - \text{Spot Index}\right] / \text{Spot Index},\ -0.75\%,\ +0.75\%\right) $$
Interest rate component is set to 0%. This mechanism prevents excessive funding swings and ensures fair cost-of-carry alignment.
- Trading Hours: 24/7
Continuous trading enables global participation at any time.
Special Funding Rate Adjustment During Launch Phase
Due to potential volatility and pricing discrepancies during initial trading hours, OKX implemented a temporary cap on funding rates:
- From launch until December 9, 2023, 00:00 UTC+8, the maximum predicted funding rate was limited to 0.03%
- After this period, the cap reverted to the standard upper limit of 1.50%
- The first actual funding fee collection occurred at 16:00 UTC+8 on December 9
This safeguard helped prevent unfair fund transfers between longs and shorts during early market formation.
All other trading rules—including liquidation mechanisms, insurance funds, and auto-deleveraging—align with existing USDT-margined perpetual contracts on OKX. For full transparency, users can consult the official USDT-Margined Perpetual Contracts User Agreement.
Why These Updates Matter for Traders
The introduction of multiple financial instruments around a single asset like ID increases market depth and provides users with integrated strategies:
- Hedging: Spot holders can hedge downside risk via short positions in perpetuals
- Arbitrage Opportunities: Price differences between spot and futures may allow arbitrage plays
- Yield Optimization: Idle tokens can be staked via Simple Earn while maintaining exposure
- Speculation with Leverage: Traders can express directional views with controlled capital use
These features collectively improve liquidity, reduce slippage, and encourage broader adoption of the ID ecosystem.
Frequently Asked Questions (FAQ)
Q: What is a perpetual contract?
A: A perpetual contract is a derivative that mimics spot price movement but doesn't expire. It uses a funding rate mechanism to keep its price aligned with the underlying index.
Q: Can I use other coins as collateral for IDUSDT trades?
A: Yes—OKX supports multi-collateral margin systems. You can use BTC, ETH, USDT, and other supported assets as margin for your IDUSDT positions.
Q: Is there a minimum amount required to start trading IDUSDT perpetuals?
A: There is no fixed minimum; however, due to the $10 contract size and maintenance margin requirements, very small accounts may face limitations in opening positions.
Q: How often are Simple Earn rewards distributed?
A: Reward distribution schedules vary by product type (fixed-term or flexible). Most flexible products credit earnings daily.
Q: Are there fees for early redemption from Simple Earn?
A: Flexible plans usually allow instant redemption without penalties. Fixed-term plans may impose fees or forfeit accrued interest if redeemed early.
Q: Where can I find real-time data on funding rates?
A: Funding rate information is displayed directly on the trading interface and updated every 8 hours before each settlement cycle.
OKX continues to lead innovation in digital asset platforms by delivering comprehensive tools that serve both novice and expert users. With the seamless integration of leveraged trading, perpetual contracts, and yield-generating products like Simple Earn, users gain greater control over their financial strategies in the evolving blockchain economy.
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