The cryptocurrency ecosystem continues to evolve, and OKX is at the forefront by expanding its financial offerings. On December 8, 2023, OKX officially launched the IDUSDT perpetual contract, along with ID/USDT margin trading and Simple Earn services for the ID token. These new features are now available across all platforms — web, mobile app, and API — empowering users with enhanced trading flexibility, leverage options, and passive income opportunities.
This strategic rollout underscores OKX’s commitment to delivering comprehensive, user-centric financial tools that cater to both experienced traders and those exploring advanced crypto investment strategies.
Expanded Trading Capabilities: Margin Trading & Simple Earn
Margin Trading for ID/USDT
Starting at 4:00 PM (UTC+8) on December 8, 2023, OKX introduced leverage trading for the ID/USDT trading pair. This allows traders to amplify their market exposure by borrowing funds, enabling greater profit potential (and risk management) in both bullish and bearish markets.
Key features of the margin trading setup include:
- Supported Pair: ID/USDT
- Borrowing Tiers: Graduated margin tiers based on account level and risk profile. Users can view detailed borrowing limits and requirements in the Margin Borrowing Position Tiers Guide.
- Flexible Leverage: Traders can choose appropriate leverage levels depending on their strategy and risk tolerance.
👉 Discover how margin trading can enhance your crypto strategy with real-time tools and low fees.
Simple Earn: Grow Your ID Holdings Passively
Alongside margin trading, OKX launched Simple Earn support for ID tokens. This feature enables users to earn competitive returns by staking or lending their idle ID assets — turning static holdings into income-generating resources.
Users should note:
- Yield Availability: Interest rates and maximum subscription amounts may vary based on demand and supply dynamics.
- Access Rules: Full details about eligibility, lock-up periods, and redemption terms are available in the OKX Savings and Rules Guide.
Whether you're holding ID long-term or managing a diversified portfolio, Simple Earn offers a seamless way to boost your returns without active trading.
IDUSDT Perpetual Contract: Key Specifications
At 6:00 PM (UTC+8) on December 8, 2023, OKX rolled out the IDUSDT perpetual contract, a powerful instrument designed for traders seeking continuous exposure to the ID/USDT price movement without expiration constraints.
Here’s a breakdown of the contract’s core parameters:
Contract Overview
- Underlying Index: ID/USDT
- Settlement Currency: USDT
- Contract Value: 10 USDT per contract
- Price Quotation: Based on the USDT price of 1 ID
- Minimum Price Increment (Tick Size): 0.0001 USDT
- Leverage Range: Adjustable from 1.01x up to 20x
- Trading Hours: 24/7, 365 days a year
Funding Rate Mechanism
To ensure fair pricing between the perpetual contract and the spot market, OKX employs a dynamic funding rate model:
Funding Rate = Clamp(MA[(Bid + Ask)/2 – Spot Index] / Spot Index – Interest, -0.75%, 0.75%), where Interest = 0
This formula helps align futures prices with real-world market value while capping extreme fluctuations.
Special Funding Rate Adjustment During Launch
Due to potential volatility during the initial phase:
- Until December 9, 2023, 00:00 (UTC+8), the maximum predicted funding rate was capped at 0.03%.
- After that time, it reverted to the standard upper limit of 1.50%.
- The first actual funding fee collection occurred at 4:00 PM (UTC+8) on December 9.
This temporary measure protected early participants from unexpected costs during price discovery.
All other trading rules — including position limits, liquidation mechanisms, and order types — follow standard OKX perpetual contract protocols. For full details, refer to the Perpetual Swap User Agreement.
Why These New Features Matter
The addition of perpetual contracts, margin trading, and Simple Earn for ID reflects a broader trend toward integrated digital asset management. Traders and investors now have a complete toolkit within a single platform:
- Speculators can use high-leverage perpetuals to capitalize on short-term movements.
- Active traders benefit from precise control over entries, exits, and risk via margin tools.
- Long-term holders maximize value through passive income via Simple Earn.
This convergence of functionalities reduces friction, improves capital efficiency, and supports more sophisticated investment strategies.
👉 Start trading IDUSDT with advanced tools, deep liquidity, and secure infrastructure.
Frequently Asked Questions (FAQ)
Q1: What is a perpetual contract?
A perpetual contract is a type of futures contract that has no expiration date. It allows traders to hold positions indefinitely while using funding rates to keep its price aligned with the underlying spot market.
Q2: Can I trade IDUSDT perpetuals on mobile?
Yes. The IDUSDT perpetual contract is fully supported on the OKX mobile app, web platform, and via API for algorithmic traders.
Q3: Is there a minimum balance required for Simple Earn?
Minimum thresholds may apply depending on the current subscription tier and product type. Check the Simple Earn section in your account for real-time eligibility criteria.
Q4: How often are funding fees charged?
Funding fees are exchanged every 8 hours at predefined intervals (typically 04:00, 12:00, and 20:00 UTC). You only pay or receive funding if you hold a position at the settlement moment.
Q5: What happens if my leveraged position gets liquidated?
If your margin falls below the maintenance level due to adverse price movement, the system will automatically close your position to prevent further losses. Risk controls like stop-loss orders are recommended.
Q6: Are there fees for depositing or withdrawing ID?
OKX does not charge deposit fees for most cryptocurrencies. Withdrawal fees depend on network congestion and blockchain transaction costs. Always confirm the current rate before initiating a transfer.
Final Thoughts
The launch of the IDUSDT perpetual contract, combined with margin trading and Simple Earn, marks a significant milestone in OKX’s mission to deliver innovative, secure, and accessible crypto financial products. By integrating trading, leverage, and yield-generation tools into one ecosystem, OKX empowers users to build dynamic strategies tailored to any market condition.
Whether you're aiming to speculate on price swings or grow your portfolio passively, these new offerings provide the flexibility and depth needed in today’s fast-moving digital asset landscape.
👉 Unlock advanced trading features and start earning with your crypto today.