We're excited to announce that OKX will enable USDT-margined perpetual futures trading for SOON at 11:30 am UTC on May 23, 2025. This update will be available across all platforms, including web, mobile app, and API interfaces.
Key Listing Details
Trading Schedule
- SOON/USDT perpetual futures will go live at 11:30 am UTC on May 23, 2025.
About SOON Cryptocurrency
SOON is a cutting-edge Layer 2 rollup solution that utilizes a decoupled Solana Virtual Machine to achieve:
- High transaction throughput (TPS)
- Scalable Web3 applications
- Cross-chain compatibility
Token Details:
- Full Name: SOON
- Ticker: SOON
- Official Channels: (Currently undisclosed)
👉 Discover more about perpetual futures trading
SOON Perpetual Futures Specifications
| Feature | Details |
|---|---|
| Underlying Index | SOON/USDT |
| Settlement Currency | USDT |
| Contract Face Value | 10 SOON |
| Price Quote | USDT value per 1 SOON |
| Minimum Price Movement | 0.0001 |
| Available Leverage | 0.01-20x |
| Funding Rate Mechanism | Complex calculation based on premium index and interest rate (capped at ±1.5%) |
| Funding Intervals | Every 4 hours |
| Trading Availability | 24/7 |
Special Note for New Listings:
From launch until 4:00 pm UTC on May 23, funding rates will be capped at 0.5% to prevent excessive volatility-related fees. The standard 1.5% cap will resume afterward.
Trading Rules Overview
SOON perpetual futures follow OKX's standard price limit rules. For comprehensive trading guidelines:
👉 Explore OKX's perpetual futures documentation
Frequently Asked Questions
Q1: What makes SOON different from other Layer 2 solutions?
SOON stands out with its unique decoupled Solana VM architecture, offering superior scalability while maintaining compatibility across multiple blockchains.
Q2: How does the funding rate work for SOON perpetuals?
The funding rate balances long/short positions using a formula incorporating:
- Premium index
- Interest rate differentials
- Clamping mechanisms to prevent extreme values
Q3: When will regular funding rate caps take effect?
The standard ±1.5% funding rate cap begins at 4:00 pm UTC on listing day, after an initial period with reduced limits.
Q4: Can I trade SOON perpetuals on mobile?
Yes! The SOON/USDT perpetual contract will be available on all OKX platforms simultaneously, including our award-winning mobile app.
Why Trade SOON on OKX?
- Industry-leading liquidity
- Robust risk management systems
- Competitive fee structure
- 24/7 customer support
As always, we recommend conducting thorough research before trading any new financial product. The OKX team remains committed to providing secure, innovative trading solutions for our global user base.
Last Updated: May 23, 2025
OKX Trading Team