OKX is excited to announce the official launch of new trading and investment features for the IP token. These updates are designed to provide users with more flexible and powerful tools to engage with the digital asset markets.
This guide covers the key details of the newly available IPUSDT perpetual contract, margin trading, Simple Earn, and flexible loan services.
Comprehensive Overview of New IP Trading Features
The IP token is receiving significant upgrades on the OKX platform, expanding its utility for traders and investors. These new features are rolled out in a phased approach to ensure system stability and a smooth user experience.
The IPUSDT perpetual contract officially launched on February 13, 2025, at 6:00 PM (UTC+8). This was followed by the introduction of IP margin trading, Simple Earn, and flexible loans on February 14, 2025, at 12:00 PM (UTC+8). All services are accessible via the OKX website, mobile application, and API.
Leverage Trading with IP
Leverage trading allows you to amplify your exposure to IP price movements by borrowing funds.
- The IP/USDT trading pair is now available for margin trading.
- The specific leverage tiers and corresponding margin requirements are structured to manage risk effectively. These tiered levels determine the initial and maintenance margins required for your positions.
- It is crucial to understand the risks associated with leveraged products, as they can magnify both gains and losses.
For a complete breakdown of the applicable leverage levels and their rules, please review the official margin trading documentation on the platform after the launch.
Earn and Borrow with Simple Products
OKX offers straightforward ways to earn passive income on your idle assets or to borrow funds for trading opportunities.
Simple Earn provides a user-friendly method to generate yields on your IP holdings. You can subscribe your tokens to earn interest, often at competitive rates, without active management.
Flexible Loans allow you to borrow other cryptocurrencies by using your IP tokens as collateral. This gives you immediate access to liquidity without needing to sell your long-term holdings, enabling you to seize other market opportunities.
Detailed information on interest rates, subscription periods, and loan-to-value ratios for these products is available directly on the OKX platform. 👉 Explore flexible earning strategies
In-Depth Guide to IPUSDT Perpetual Contracts
Perpetual contracts are a popular derivative product that allows traders to speculate on the future price of IP without an expiry date.
Key Contract Specifications
Understanding the contract's mechanics is essential for effective trading. Below are the critical specifications for the IPUSDT perpetual contract.
| Contract Element | Details |
|---|---|
| Underlying Asset | IP/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 1 |
| Price Quotation | Quoted as the USDT price for 1 IP |
| Minimum Price Movement (Tick Size) | 0.00001 |
| Leverage | 0.01x to 50x |
| Funding Fee | Calculated based on the difference between the contract's mark price and the spot index price. The fee is clamped between -1.5% and +1.5%. |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Important Notes on Funding Rates
The funding fee mechanism is designed to tether the perpetual contract price to the underlying spot index. It is periodically exchanged between long and short position holders.
- Initial Rate Cap: Due to potential price volatility and premium instability for a new listing, the funding rate was temporarily capped at a maximum of 0.5% until February 14, 2025, 00:00 (UTC+8).
- Standard Rate Cap: After this time, the funding rate cap returned to the standard maximum of 1.5%. The first funding fee under the normal cap was collected on February 14, 2025, at 4:00 AM (UTC+8).
- Market Adjustments: OKX reserves the right to adjust the funding fee calculation parameters if the contract price shows a significant and sustained deviation from the spot index to maintain market fairness.
All other trading rules, including limit order specifications, for the IPUSDT perpetual contract align with the platform's standard USDT-margined perpetual swap contracts. 👉 Learn more about advanced trading mechanics
Frequently Asked Questions
Q: What is the main difference between margin trading and perpetual contracts?
A: Margin trading involves directly borrowing assets to amplify a spot trade. A perpetual contract is a derivative product that tracks an asset's price and uses a funding fee mechanism to maintain its link to the spot market, with no expiry date.
Q: How is the funding fee for the perpetual contract calculated and paid?
A: The funding fee is calculated every 4 hours based on the difference between the contract's mark price and the spot index price. If the rate is positive, long positions pay short positions; if negative, short positions pay long positions. The fee is automatically deducted from or added to your account balance.
Q: Can I use IP tokens as collateral for a loan immediately after launch?
A: Yes, once the flexible loan product for IP went live on February 14, 2025, users could pledge their IP tokens as collateral to borrow other supported cryptocurrencies, subject to the platform's loan-to-value ratios.
Q: Are there any special risks associated with new perpetual contracts?
A: Newly listed perpetual contracts can experience higher than usual volatility and premium instability initially. This is why OKX implemented a temporary lower funding rate cap at launch to protect users from excessive fees during this period.
Q: Is there a minimum amount required to participate in Simple Earn with IP?
A: Minimum subscription amounts for Simple Earn products are set by OKX and can vary. You can find the specific minimum requirement for IP on the product details page within the OKX Earn section.
Q: Where can I find the most current information on leverage tiers?
A: The most accurate and up-to-date information on leverage tiers for both margin trading and perpetual contracts is always available directly within the OKX trading interface and official help center documentation.