We're excited to announce that USDT-margined perpetual futures for SOON will be available starting at 11:30 AM UTC on May 23, 2025. Updates will include web, app, and API interfaces. Below are the key details:
1. Listing Timeline
- SOON/USDT perpetual futures trading goes live at 11:30 AM UTC on May 23, 2025.
2. SOON Perpetual Futures Trading Overview
SOON is a high-performance Layer 2 technical architecture leveraging rollup scaling solutions. It utilizes Solana Virtual Machine (SVM)—a parallel-processing execution environment—decoupled from Solana’s native consensus mechanism, enabling cross-chain Web3 scalability.
- Full Name: SOON
- Ticker: SOON
- Official Website:
- Twitter/X Handle:
| Feature | Details |
|---|---|
| Underlying Index | SOON/USDT |
| Settlement Currency | USDT |
| Contract Size | 10 |
| Pricing | 1 SOON = Equivalent USDT value |
| Minimum Price Tick | 0.0001 |
| Leverage | 0.01x–20x |
| Funding Rate Formula | [(Premium Index Average + (Interest Rate - Premium Index Average, 0.05%, -0.05%)), capped at ±1.5%] |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
👉 Learn more about SOON’s technical advantages
Note: To mitigate excessive fees from volatility, the maximum funding rate will be 0.5% until 4:00 PM UTC on May 23, 2025, reverting to the standard 1.5% thereafter. Adjustments may occur based on market conditions.
3. Price Limit Rules
SOON/USDT perpetual futures follow the same price limit policies as other assets. Refer to our Perpetual Swap Trading Guide for details.
FAQ
Q1: What is SOON’s key innovation?
A: SOON combines SVM efficiency with Layer 2 scalability, enabling high-throughput cross-chain applications.
Q2: How does OKX ensure fair funding rates?
A: Dynamic caps and real-time market adjustments prevent skewed rates during extreme volatility.
Q3: Can I trade SOON futures on mobile?
A: Yes! The OKX app supports full functionality, including leverage adjustments and API integrations.
👉 Start trading SOON futures today
OKX Team
May 23, 2025