Pre-market Perpetuals FAQ

1. What is pre‑market perpetuals?

OKX Pre‑market perpetuals allows users to trade perpetual contracts on a token before it is officially launched.

2. How is the funding rate calculated for pre-market perpetuals?

For pre-market perpetuals, the funding rate is calculated using the same formula as regular perpetuals. For pre-market perpetuals to maintain a stable funding rate, the premium index in funding rate calculation is set as 0. The resulting funding rate is a flat rate. The funding fee is then calculated and settled every 4 hours.

3. How will pre-market perpetuals be converted to regular perpetuals contract?

Once the underlying token is listed on eligible spot exchanges and the market satisfies our criteria for standard perpetual futures, the pre-market perpetuals will be transitioned into standard perpetual contracts. The timing of the conversion is at OKX’s sole discretion and occurs only when the market is considered stable .

4. What happens to my positions and open orders at conversion?

There is no change to your pre-market positions and open orders. Your pre-market positions will be carried over to the converted standard perpetuals. Open orders are still valid when the pre-market perpetuals starts to convert and after being converted to standard perpetuals.

5. What are the fees for pre-market perpetuals?

Trading fees are the same as standard futures. For more details, refer to: https://www.okx.com/fees

6. What are the risks for pre-market perpetuals?

Pre-market perpetuals trading involves elevated risks: contract prices may experience pronounced volatility due to the absence of an established spot price reference and limited order book depth. When combined with leverage, this can lead to increased slippage and a higher risk of liquidation. The postponement, alteration, or cancellation of the underlying token’s launch could lead OKX to delist the pre-market perpetuals.