OKX to list perpetual futures for INIT crypto
We are pleased to announce that USDT-margined perpetual futures for INIT will be enabled at 11:30 am UTC on April 24, 2025. The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
INIT/USDT perpetual futures trading will open at 11:30 am UTC on April 24, 2025.
II. Perpetual futures trading
INIT perpetual futures:
Initia is an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.
Asset name: Initia
Ticker: INIT
Website：https://initia.xyz/
Official X: https://x.com/initia
Features | Details |
Underlying | INIT/USDT index |
Settlement crypto | USDT |
Face value | 10 |
Price quotation | 1 INIT value calculated in USDT equivalent |
Tick size | 0.0001 |
Leverage | 0.01-20x |
Funding rate | clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation |
Funding fee settlement interval | 4 hours |
Trading hours | 24/7 |
Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on April 24, 2025 is 0.5%. After 4:00 pm UTC on April 24, 2025, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on April 24, 2025.) If there is a deviation from the contract price, the funding fee limit will be adjusted according to market conditions.
The price limit rules of INIT USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
OKX team
April 24, 2025