SOON/USDT Perpetual Contract Now Live on OKX

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Starting May 23, 2025, at 7:30 PM (UTC+8), OKX has officially launched the SOON/USDT perpetual contract across its web platform, mobile app, and API interface. This new trading pair offers users enhanced opportunities to engage with SOON, a high-performance Layer 2 scaling solution built for the next generation of Web3 applications.

Designed for scalability and speed, the SOON/USDT perpetual contract supports flexible leverage and operates on a 7×24 trading schedule, enabling traders to respond to market movements in real time. Below is a detailed breakdown of the contract specifications, trading mechanics, and key features you need to know.

🔍 What Is SOON?

SOON is a cutting-edge Layer 2 rollup stack engineered to deliver ultra-high throughput by leveraging a decoupled Solana Virtual Machine (SVM). It enables developers to build scalable, user-centric decentralized applications (dApps) that operate seamlessly across multiple blockchains.

By optimizing transaction processing and reducing latency, SOON aims to solve some of the most pressing challenges in blockchain scalability while maintaining security and decentralization.

👉 Discover how next-gen blockchain projects are shaping the future of decentralized finance.

📊 SOON/USDT Perpetual Contract Specifications

To ensure transparency and help traders make informed decisions, here are the full details of the SOON/USDT perpetual contract:

⚠️ Special Note on Initial Funding Rate Caps
During the initial launch phase—until May 24, 2025, at 12:00 AM (UTC+8)—the funding rate cap will be temporarily limited to 0.5% to prevent excessive volatility due to potential price deviations. After this period, the cap will revert to the standard ±1.5%. The first funding fee under the normal rate will be applied at 4:00 AM (UTC+8) on May 24, 2025.
OKX reserves the right to adjust funding rates if significant market imbalances occur.

All other trading rules—including limit order parameters, margin requirements, and liquidation policies—align with existing USDT-margined perpetual contracts on the platform. Users familiar with OKX’s derivatives system will find the transition smooth and intuitive.

💡 Why Trade the SOON/USDT Perpetual Contract?

1. Exposure to a High-Growth Layer 2 Ecosystem

SOON represents a promising innovation in blockchain infrastructure. As demand for scalable dApps grows, Layer 2 solutions like SOON are positioned to capture significant value in the Web3 economy.

2. Flexible Leverage Options

With leverage ranging from 1x up to 20x, both conservative and aggressive traders can tailor their positions according to their risk appetite and market outlook.

3. Continuous Market Access

Unlike traditional financial markets, the SOON/USDT perpetual contract trades around the clock, allowing traders to react instantly to breaking news, technological updates, or broader crypto market shifts.

4. Low Entry Barrier

Thanks to fractional trading and small tick sizes (0.0001), even users with limited capital can participate meaningfully in price movements without requiring large initial investments.

👉 Start trading today and explore high-potential digital assets with advanced tools.

🛠️ How to Get Started

  1. Log in to your OKX account via the web or mobile app.
  2. Navigate to the Derivatives section and select USDT-Margined Contracts.
  3. Search for SOON/USDT in the contract list.
  4. Choose your position mode (one-way or hedge mode).
  5. Set your leverage (up to 20x).
  6. Place your order—limit, market, or conditional.

Traders are encouraged to use stop-loss orders and monitor margin levels closely, especially during periods of high volatility surrounding new listings.

❓ Frequently Asked Questions (FAQ)

Q: When did the SOON/USDT perpetual contract go live?

A: The contract officially launched on May 23, 2025, at 7:30 PM (UTC+8) on OKX’s web, mobile, and API platforms.

Q: What is the maximum leverage available for SOON/USDT?

A: Traders can use leverage between 0.01x and 20x, depending on their risk settings and account conditions.

Q: How often are funding fees charged?

A: Funding fees are settled every 4 hours, at UTC+8: 00:00, 04:00, 08:00, 12:00, 16:00, and 20:00.

Q: Why was the funding rate capped at 0.5% initially?

A: To protect traders from abnormal funding costs during the early trading phase when price volatility and basis spreads may be elevated.

Q: Can I trade SOON/USDT on mobile?

A: Yes! The contract is fully supported on both the OKX mobile app and desktop web interface.

Q: Is there a minimum trade size?

A: The minimum order size depends on the platform’s lot size rules, but the contract value is based on 10 SOON per contract, with prices quoted to four decimal places.

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🌐 Final Thoughts

The introduction of the SOON/USDT perpetual contract underscores OKX’s commitment to providing early access to innovative blockchain projects with real-world utility. As Layer 2 ecosystems continue to evolve, assets like SOON offer both technological promise and compelling trading potential.

Whether you're interested in the technical foundations of scalable dApp development or looking to capitalize on price movements through leveraged trading, this new listing opens doors to fresh opportunities in the decentralized economy.

👉 Join one of the world’s leading crypto platforms to access cutting-edge digital asset markets.

Stay informed, trade responsibly, and take advantage of the tools that empower smarter decisions in today’s fast-moving cryptocurrency landscape.