Pre-market Perpetuals FAQ

1. What is pre‑market futures?

OKX Pre‑market futures allows users to trade futures contracts on a token before it is officially launched.

2. How is the funding rate calculated for pre-market futures?

For pre-market futures, the funding rate is calculated using the same formula as regular futures. For pre-market futures to maintain a stable funding rate, the premium index in funding rate calculation is set as 0. The resulting funding rate is a flat rate. The funding fee is then calculated and settled every 4 or 8 hours.

3. How will pre-market futures be converted to regular futures contract?

Once the underlying token is listed on eligible spot exchanges and the market satisfies our criteria for standard futures, the pre-market futures will be transitioned into standard futures contracts. The timing of the conversion is at OKX’s sole discretion and occurs only when the market is considered stable .

4. What happens to my positions and open orders at conversion?

There is no change to your pre-market positions and open orders. Your pre-market positions will be carried over to the converted standard futures. Open orders are still valid when the pre-market futures starts to convert and after being converted to standard futures.

5. What are the fees for pre-market futures?

Trading fees are the same as standard futures. For more details, refer to: https://www.okx.com/fees

6. What are the risks for pre-market futures?

Pre-market futures trading involves elevated risks: contract prices may experience pronounced volatility due to the absence of an established spot price reference and limited order book depth. When combined with leverage, this can lead to increased slippage and a higher risk of liquidation. The postponement, alteration, or cancellation of the underlying token’s launch could lead OKX to delist the pre-market futures.