OKX has announced that the USDT-margined perpetual futures contract for SONIC will open at 21:00 on 07/01/2025 (Vietnam Time). Margin trading and Simple Earn for SONIC will launch at 11:00 on 08/01/2025 (Vietnam Time).
Both the web and app interfaces, along with their APIs, will be updated accordingly. Key details include:
I. Margin Trading and Simple Earn
Spot Margin Trading will be available for the following pair:
- SONIC/USDT
- For tiered margin levels, refer to the
position margin tier table
after the official listing. - For Simple Earn limits, consult the
Simple Earn Guide
post-listing.
II. Perpetual Futures Trading
| Feature | Details |
|---|---|
| Underlying | SONIC/USDT Index |
| Settlement Crypto | USDT |
| Contract Size | 1 |
| Quotation | Value of 1 SONIC in equivalent USDT |
| Price Tick | 0.00001 |
| Leverage | 0.01–50x |
| Funding Fee | Clamp (MA([Best Bid + Best Ask]/2 – Spot Index Price)/Spot Index Price – Interest), -1.5% to 1.5%. Interest = 0. Note: Funding fees are accrued/deducted per current interval. |
| Trading Hours | 24/7 |
Important Notes:
- To mitigate unreasonable fees due to significant price deviations at launch, the maximum funding fee is capped at 0.03% until 23:00 on 07/01/2025 (Vietnam Time).
- Post 23:00, the cap resets to the standard 1.5%. (Funding fees during this period will be settled at 07:00 on 08/01/2025, Vietnam Time.)
- Price limit rules for SONIC’s USDT-margined perpetual futures align with other currencies.
👉 Learn more about OKX perpetual futures trading
FAQs
1. When does SONIC perpetual futures trading start?
It opens at 21:00 on 07/01/2025 (Vietnam Time).
2. What’s the leverage range for SONIC futures?
Leverage spans 0.01–50x.
3. Are there special funding fee limits at launch?
Yes, a 0.03% cap applies until 23:00 on 07/01/2025, reverting to 1.5% afterward.
👉 Explore OKX’s margin trading features
— OKX Team
07/01/2025