We're excited to announce that OKX will launch USDT-margined perpetual futures for SOON cryptocurrency at 11:30 am UTC on May 23, 2025. This update will be available across all platforms including web, mobile app, and API interfaces. Below are the complete details:
SOON Perpetual Futures Listing Details
Trading Schedule
- SOON/USDT perpetual futures trading begins: 11:30 am UTC, May 23, 2025
About SOON Cryptocurrency
SOON is an innovative Layer 2 rollup solution utilizing a decoupled Solana Virtual Machine to achieve:
- High transaction throughput
- Cross-chain interoperability
- Scalable Web3 application support
Key Identifiers:
- Full Name: SOON
- Ticker: SOON
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Contract Specifications
| Feature | Details |
|---|---|
| Underlying Index | SOON/USDT |
| Settlement Currency | USDT |
| Contract Face Value | 10 |
| Price Quotation | USDT value per 1 SOON |
| Minimum Price Movement | 0.0001 |
| Available Leverage | 0.01x - 20x |
| Funding Rate Mechanism | Clamped premium index + interest rate differential |
| Funding Intervals | Every 4 hours |
| Market Availability | 24/7 trading |
Special Note for New Listings:
To protect traders during initial volatility:
- Funding rate cap set at 0.5% until 4:00 pm UTC May 23
- Regular 1.5% cap resumes after this period
- All price limits follow standard OKX perpetual futures rules
Why Trade SOON Perpetual Futures?
- Capital Efficiency: Trade with leverage up to 20x
- Continuous Markets: 24/7 availability without expiry dates
- Risk Management: Predictable funding rate structure
- Deep Liquidity: Access OKX's robust trading ecosystem
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FAQ Section
When will SOON perpetual futures begin trading?
Trading commences at 11:30 am UTC on May 23, 2025.
What's the maximum leverage available?
Traders can utilize leverage from 0.01x up to 20x.
How often are funding fees calculated?
Funding rates are settled every 4 hours, with special caps applying during the first day.
Can I trade SOON futures on mobile?
Yes, the contracts will be available on both OKX web and mobile platforms.
What makes SOON's technology unique?
SOON combines Solana Virtual Machine efficiency with Layer 2 scalability for cross-chain Web3 applications.
Are there any special trading restrictions?
Standard OKX perpetual futures rules apply, with temporary funding rate limits during launch.
Final Notes
The OKX team continues to expand our derivatives offerings with carefully selected assets. SOON perpetual futures provide traders with new opportunities to participate in Layer 2 innovation while benefiting from OKX's secure trading environment.
All traders should review our perpetual futures documentation and risk disclosures before participating. We recommend practicing with small positions initially to understand the contract behavior.