UNIUSD Perpetual Contract Now Live on OKX

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The cryptocurrency derivatives market continues to evolve, offering traders more sophisticated tools to capitalize on price movements. One of the latest developments is the launch of the UNIUSD perpetual contract, now available for trading across all platforms on OKX. This innovative product gives users a powerful way to gain exposure to Uniswap’s native token, UNI, with flexible leverage and seamless settlement in UNI itself.

Designed for both novice and experienced traders, the UNIUSD perpetual contract operates under a coin-margined structure—meaning your margin and profits are held in UNI, aligning your risk and reward directly with the asset you're trading. With support for up to 75x leverage, round-the-clock trading, and competitive fee structures, this offering strengthens OKX’s position as a leader in digital asset derivatives.

👉 Discover how to start trading UNIUSD with advanced tools and deep liquidity.

What Is the UNIUSD Perpetual Contract?

A perpetual contract is a type of futures derivative that allows traders to speculate on the price of an asset without an expiry date. The UNIUSD perpetual contract tracks the UNI/USD index, enabling users to go long or short based on their market outlook.

Here are the key specifications:

Because new contracts can experience initial volatility in premium and funding rates, a temporary cap was applied during the first 24 hours post-launch. Specifically, the funding rate ceiling was limited to 0.03% until September 18, 2020, at 16:00 HKT. After that, it reverted to the standard maximum of 0.30%, with the first actual charge applied on September 19 at 08:00 HKT.

This adjustment ensures fairer funding calculations during early market stabilization.

Why Choose a Coin-Margined Perpetual Contract?

Unlike USDT-margined contracts, where your collateral is in a stablecoin, coin-margined contracts use the cryptocurrency itself as margin. This means:

For example, if you believe UNI will appreciate against the dollar but still want to trade short-term volatility, holding a coin-margined position allows you to benefit from both directional moves and potential upside in the underlying asset.

Additionally, because settlement occurs in UNI, there's no need to manage multiple stablecoin wallets or worry about depeg risks associated with algorithmic or custodial stablecoins.

Trading Rules and Platform Support

The UNIUSD perpetual contract follows the same standardized trading rules as other coin-margined products on OKX:

Traders can access the contract via:

All interfaces provide real-time depth charts, historical funding rates, open interest data, and integrated risk management tools—essential for informed decision-making.

👉 Access real-time analytics and begin trading UNIUSD with precision execution.

Fee Structure: Zero Fees for Early Traders

To encourage adoption and provide immediate value, OKX introduced a zero-fee promotional period for the UNIUSD perpetual contract:

This means while you enjoy cost-free trading on UNIUSD, it won’t influence your overall trading tier status on the platform.

After the promotion ends, standard fee schedules will apply based on your account’s 30-day trading volume and holdings of OKB (OKX’s native utility token).

Frequently Asked Questions (FAQ)

Q: What does "coin-margined" mean?
A: It means your margin, profit, and loss are all calculated and settled in the cryptocurrency—in this case, UNI—rather than a stablecoin like USDT or a fiat currency.

Q: Can I use leverage when trading UNIUSD?
A: Yes. Leverage ranges from 0.01x to 75x, adjustable based on your risk tolerance and margin allocation.

Q: When is the funding fee charged?
A: Funding occurs every 8 hours at 00:00, 08:00, and 16:00 HKT. The first actual deduction after launch occurred on September 19, 2020, at 08:00 HKT.

Q: Why was the initial funding rate capped?
A: New contracts often see volatile premiums. To prevent unfair charges during early price discovery, OKX temporarily capped the funding rate at 0.03% before restoring it to normal levels.

Q: Is API trading supported?
A: Yes. Developers and algorithmic traders can integrate with OKX’s robust API system to automate strategies on the UNIUSD pair.

Q: Does zero-fee trading affect my VIP level?
A: No. Volume generated during the zero-fee promotion does not contribute to your qualifying volume for VIP tier benefits.

Final Thoughts

The introduction of the UNIUSD perpetual contract marks another milestone in decentralized finance (DeFi) integration within centralized trading ecosystems. As Uniswap remains one of the most influential protocols in DeFi, having a reliable, liquid derivative product tied directly to its governance token empowers traders to better manage risk and explore new strategies.

Backed by OKX’s proven infrastructure, advanced security protocols, and deep market depth, this offering delivers both accessibility and performance. Whether you're hedging a DeFi portfolio or speculating on UNI’s future growth, the coin-margined perpetual contract provides a transparent and efficient solution.

👉 Start trading UNIUSD today with powerful tools and low-latency execution.

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