The cryptocurrency landscape continues to evolve, with emerging tokens gaining traction across decentralized platforms. In a strategic move to support innovation and expand trading opportunities, OKX is set to list perpetual swaps, margin trading, and Simple Earn services for three fast-rising digital assets: DEGEN, SLERF, and ARKM. These additions underscore OKX’s commitment to offering users access to high-potential projects at the forefront of Web3 and meme coin ecosystems.
This comprehensive update will roll out across both the web and mobile app interfaces, as well as through the OKX API, ensuring seamless integration for all user types — from casual traders to algorithmic investors.
Perpetual Swap Trading Goes Live
Starting November 21, 2024, OKX will launch USDT-margined perpetual swaps for DEGEN, SLERF, and ARKM in staggered intervals between 8:00 am and 8:30 am UTC. Perpetual futures provide traders with leveraged exposure without expiry dates, making them ideal for both short-term speculation and long-term positioning.
Key Features by Asset
DEGENUSDT Perpetual Swap
- Underlying: DEGEN/USDT index
- Settlement Asset: USDT
- Face Value: 100 DEGEN
- Price Quotation: 1 DEGEN in USDT
- Tick Size: 0.000001
- Leverage Range: 0.01x – 50x
- Trading Hours: 24/7
- Funding Rate Mechanism:
Clamp(MA([(Best bid + Best offer) / 2 – Spot index price] / Spot index price – Interest), -1.5%, 1.5%), where Interest = 0
SLERFUSDT Perpetual Swap
- Underlying: SLERF/USDT index
- Settlement Asset: USDT
- Face Value: 10 SLERF
- Price Quotation: 1 SLERF in USDT
- Tick Size: 0.0001
- Leverage Range: 0.01x – 50x
- Trading Hours: 24/7
- Funding Rate: Same mechanism as DEGENUSDT
ARKMUSDT Perpetual Swap
- Underlying: ARKM/USDT index
- Settlement Asset: USDT
- Face Value: 1 ARKM
- Price Quotation: 1 ARKM in USDT
- Tick Size: 0.001
- Leverage Range: 0.01x – 50x
- Trading Hours: 24/7
- Funding Rate: Identical structure to other pairs
Special Funding Fee Adjustment
To protect traders during initial volatility, OKX will cap the funding fee at 0.03% for all three contracts until 4:00 pm UTC on November 21, 2024. After this period, the predicted funding rate will revert to the standard maximum of 1.5%. The first actual funding charge will be applied at 0:00 am UTC on November 22, 2024.
This temporary measure ensures a smoother onboarding experience, minimizing unexpected costs during the early stages of contract activity.
All price limit rules align with existing USDT-margined perpetual futures standards on OKX, ensuring consistency in risk management and market stability.
Margin Trading & Simple Earn Activation
At 10:00 am UTC on November 21, 2024, OKX will enable spot margin trading and Simple Earn services for DEGEN, SLERF, and ARKM. This enhancement allows users to amplify their positions or earn passive income from holding these innovative assets.
Spot Margin Trading Schedule
| Pair | Activation Time (UTC) |
|---|---|
| DEGEN/USDT | 10:00 am |
| SLERF/USDT | 10:05 am |
| ARKM/USDT | 10:10 am |
Margin tiers will follow OKX’s established tiered borrowing system, which adjusts loan limits and interest rates based on account equity and risk profile. Users are encouraged to review the full Margin Borrowing Position Tiers post-listing for detailed parameters.
Simple Earn Opportunities
Holders of DEGEN, SLERF, and ARKM can begin earning yields via OKX’s Simple Earn platform immediately after listing. This feature enables users to lock or subscribe to eligible tokens and receive regular returns — ideal for those who believe in the long-term potential of these projects but want added utility from their holdings.
For eligibility thresholds, lock-up periods, and reward distribution schedules, refer to the official Introduction to OKX Simple Earn and Its Rules after launch.
👉 Start earning yield on your crypto today — explore flexible and locked savings options on OKX.
Why DEGEN, SLERF, and ARKM?
These three tokens represent distinct yet influential movements within the current crypto ecosystem:
- DEGEN (Decentraland Token): Originally tied to digital content creation and social interaction in decentralized spaces, DEGEN has expanded into broader utility within community-driven platforms.
- SLERF: A self-proclaimed "anti-meme" token that rose through organic community momentum, SLERF reflects the unpredictable yet powerful nature of decentralized consensus and cultural trends.
- ARKM (Arweave Ecosystem Token): Built on the permanent data storage protocol Arweave, ARKM fuels applications requiring immutable data hosting — a growing niche in Web3 infrastructure.
Their inclusion on OKX signals growing institutional recognition of community-powered digital assets and next-generation blockchain use cases.
Frequently Asked Questions (FAQ)
Q: What time do perpetual swaps go live for DEGEN, SLERF, and ARKM?
A: Trading begins between 8:00 am and 8:30 am UTC on November 21, 2024. DEGENUSDT starts first at 8:00 am, followed by SLERFUSDT at 8:15 am, and ARKMUSDT at 8:30 am.
Q: Can I use leverage when trading these new perpetuals?
A: Yes. All three contracts support leverage ranging from 0.01x up to 50x, adjustable based on your margin mode and risk settings.
Q: When can I start margin trading DEGEN/USDT?
A: Spot margin trading for DEGEN/USDT activates at 10:00 am UTC on November 21, 2024.
Q: Is there a difference in funding rates between these new contracts?
A: No. All three follow the same funding rate formula designed to minimize arbitrage and stabilize premiums.
Q: Can I earn passive income on SLERF or ARKM?
A: Yes. Once listed, both tokens will be supported on OKX Simple Earn, allowing users to subscribe and earn yield.
Q: Are there special risks when trading newly listed perpetuals?
A: Yes. New contracts may experience high volatility and slippage initially. Additionally, funding fees are capped early on but return to normal levels after 4:00 pm UTC on launch day.
With advanced derivatives, flexible margin options, and passive income features now available for DEGEN, SLERF, and ARKM, OKX continues to lead in providing holistic financial tools for next-generation crypto assets.
👉 Join one of the most dynamic trading environments in crypto — access new markets before they surge.