The highly anticipated SPKUSDT perpetual contract is now officially live on OKX, offering traders a powerful new instrument to engage with the SPK market. Starting June 17, 2025, at 18:30 (UTC+8), users can trade this derivative across OKX’s full suite of platforms — web, mobile app, and API — unlocking flexible, round-the-clock trading opportunities.
This launch marks a significant milestone for both SPK and digital asset derivatives markets, providing advanced tools for hedging, speculation, and portfolio diversification. Whether you're an experienced trader or exploring perpetual contracts for the first time, this guide breaks down everything you need to know about the new SPKUSDT offering.
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What Is the SPKUSDT Perpetual Contract?
A perpetual contract allows traders to speculate on the price of an asset — in this case, SPK — without owning the underlying cryptocurrency. Unlike traditional futures, these contracts have no expiry date, enabling positions to be held indefinitely as long as margin requirements are met.
The SPKUSDT perpetual contract is settled in USDT, making it stablecoin-denominated and ideal for traders seeking consistent valuation and reduced volatility from settlement currency fluctuations.
Key Contract Specifications
- Underlying Index: SPK/USDT
- Settlement Currency: USDT
- Contract Size: 100 SPK per contract
- Price Quotation: Based on the USDT price of 1 SPK
- Minimum Price Increment (Tick Size): 0.00001 USDT
- Leverage Range: Adjustable from 1.01x up to 20x
- Funding Interval: Every 4 hours
- Trading Hours: 24/7, 365 days a year
These specifications ensure precision in pricing and accessibility for both conservative and aggressive trading strategies. The tick size of 0.00001 enables fine-grained price movements, ideal for scalping and high-frequency trading approaches.
Understanding Funding Rates and Market Stability
Funding rates play a crucial role in maintaining equilibrium between long and short positions in perpetual contracts. For the SPKUSDT pair, OKX implements a dynamic funding rate mechanism:
Funding Rate = Clamp [Average Premium Index + Clamp (Interest Rate – Average Premium Index, 0.05%, -0.05%), 1.50%, -1.50%]This formula ensures that funding rates remain within reasonable bounds while reflecting real-time market sentiment.
Important Note: To prevent excessive funding costs during initial market volatility, a temporary cap of 0.5% will apply to funding rate calculations until June 18, 2025, at 00:00 (UTC+8). After this period, the standard cap of ±1.5% resumes. The first actual funding fee collection occurs at 04:00 (UTC+8) on June 18.
This safeguard helps protect traders during the early stages of listing when price discovery may cause abnormal premiums or discounts.
Trading Rules and Platform Integration
The SPKUSDT perpetual contract follows OKX’s established framework for USDT-margined derivatives. This means:
- Uniform limit order rules
- Standardized liquidation mechanisms
- Consistent risk limit tiers
- Seamless integration with existing trading bots and API strategies
Traders familiar with other USDT-margined perpetuals like BTCUSDT or ETHUSDT will find the transition smooth and intuitive.
All trading activity is supported across devices:
- Desktop via OKX Web Platform
- iOS and Android mobile apps
- REST and WebSocket APIs for algorithmic traders
👉 Start trading SPKUSDT with advanced tools and deep liquidity
Why Trade SPK with Perpetual Contracts?
Perpetual contracts offer several advantages over spot trading:
1. Leverage Exposure
With up to 20x leverage, traders can amplify their market exposure using less capital. This is especially valuable in volatile markets where timely entries and exits are critical.
2. Directional Flexibility
Go long if you expect SPK to rise, or open short positions if you anticipate a decline — all without holding any actual tokens.
3. Hedging Portfolio Risk
If you hold SPK in your portfolio, shorting the perpetual contract can act as insurance against downside risk.
4. No Expiry Hassle
Unlike quarterly futures, perpetual contracts don’t expire. You can maintain positions for hours, days, or weeks based on your strategy.
Frequently Asked Questions (FAQ)
Q: When did the SPKUSDT perpetual contract go live?
A: Trading began on June 17, 2025, at 18:30 (UTC+8) on OKX’s web, app, and API platforms.
Q: What is the funding rate cap during launch?
A: A reduced cap of 0.5% applies until June 18, 2025, at 00:00 (UTC+8) to stabilize early trading. Afterward, the normal cap of ±1.5% takes effect.
Q: How often is funding exchanged between longs and shorts?
A: Funding occurs every 4 hours, at UTC+8: 00:00, 04:00, 08:00, and so on.
Q: Can I use API or trading bots for SPKUSDT?
A: Yes. The contract is fully integrated into OKX’s API ecosystem, supporting automated strategies and third-party tools.
Q: Is there a minimum trade size?
A: The base unit is one contract worth 100 SPK. Minimum order sizes depend on the platform but are designed to accommodate retail and institutional traders alike.
Q: Where can I find official documentation?
A: Refer to OKX’s Perpetual Contracts Guide for complete details on mechanics, fees, and risk management.
Optimizing Your SPK Trading Strategy
To get the most out of the SPKUSDT perpetual market:
- Monitor funding rate trends — persistently positive rates suggest bullish dominance; negative rates signal bearish pressure.
- Use stop-loss and take-profit orders to manage risk effectively.
- Watch the order book depth and open interest changes for signs of institutional activity.
- Consider combining technical analysis with on-chain metrics for SPK to improve timing accuracy.
👉 Access real-time data and advanced charting tools to refine your edge
Final Thoughts
The introduction of the SPKUSDT perpetual contract expands the toolkit available to crypto traders, combining flexibility, leverage, and continuous trading access. Backed by OKX’s robust infrastructure and risk management systems, this product delivers reliability and performance when it matters most.
As SPK continues to evolve within the broader ecosystem, having a liquid derivatives market enables more sophisticated participation — from hedging to algorithmic trading.
Stay informed, trade responsibly, and make the most of this new opportunity in the ever-growing world of digital asset finance.
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