The cryptocurrency ecosystem continues to evolve, bringing innovative financial instruments that empower traders and investors alike. On December 8, 2023, OKX officially launched the IDUSDT perpetual contract, alongside leveraged trading for ID/USDT and the Simple Earn program. These new offerings are now available across all platforms — web, mobile app, and API — enhancing accessibility and flexibility for global users.
This strategic expansion underscores OKX’s commitment to delivering advanced trading tools and yield-generating opportunities. Whether you're a seasoned trader or exploring crypto investments for the first time, these features open new doors to portfolio diversification and risk management.
👉 Discover how OKX is shaping the future of digital asset trading
Leveraged Trading & Simple Earn: Key Features
Leveraged trading allows users to amplify their market exposure by borrowing funds, while Simple Earn provides a passive income solution through staking or lending digital assets. With the introduction of ID/USDT pairs, users can now take advantage of both high-potential trading strategies and low-risk earning mechanisms.
1. ID/USDT Leveraged Trading
Starting at 4:00 PM (UTC+8) on December 8, 2023, OKX enabled leveraged trading for the ID/USDT pair. This means traders can go long or short using borrowed funds, increasing their position size beyond their initial capital.
- Supported Pair: ID/USDT
- Leverage Range: Varies by tier — users should refer to the updated margin tier schedule post-launch
- Borrowing Limits: Subject to account tier and risk level
The leverage tiers are designed to balance accessibility with risk control. Higher-tier accounts benefit from increased borrowing capacity, while safeguards like automatic liquidation protect against extreme volatility.
2. Simple Earn for ID Tokens
At the same time, OKX introduced the Simple Earn product for ID holders. This feature enables users to earn interest on idle tokens by contributing them to lending pools or fixed-term deposits.
- Flexible and Fixed Options: Choose between instant redemption or higher-yield locked terms
- Yield Rates: Dynamic, based on market demand — check the latest rates in-app
- Eligibility: All verified users with minimum balance requirements
By integrating Simple Earn with ID, OKX encourages long-term holding while providing tangible returns — a win-win for token utility and user engagement.
IDUSDT Perpetual Contract: A Comprehensive Overview
Launched at 6:00 PM (UTC+8) on December 8, the IDUSDT perpetual contract offers traders continuous exposure to the ID/USDT price movement without expiration dates. Built on robust infrastructure, this derivative product supports sophisticated strategies such as hedging, arbitrage, and speculative positioning.
Core Contract Specifications
| Field | Detail |
|---|---|
| Underlying Index | ID/USDT Index |
| Settlement Currency | USDT |
| Contract Value | 10 USDT per contract |
| Price Quotation | Based on the USDT price of 1 ID |
| Tick Size | 0.0001 USDT |
| Leverage Range | 0.01x to 20x |
| Funding Rate Formula | Clamp(MA[[(Bid + Ask)/2 – Spot Index] / Spot Index – Interest], -0.75%, 0.75%) where Interest = 0 |
| Trading Hours | 7×24 |
Note: During the initial launch phase (before 00:00 UTC+8, December 9), the funding rate cap was temporarily set at 0.03% to stabilize pricing. After that, it reverted to the standard maximum prediction rate of 1.50%. The first actual funding settlement occurred at 4:00 PM UTC+8 on December 9.
These parameters ensure fair pricing, transparency, and alignment with global market standards. The funding mechanism prevents excessive divergence between perpetual contract prices and the underlying spot index.
All other trading rules — including limit order execution, fee structure, and liquidation logic — follow OKX’s established perpetual contract framework. For full details, users can consult the official Perpetual Contracts Guide.
👉 Start trading IDUSDT perpetuals with powerful tools and deep liquidity
Why These Launches Matter
The integration of perpetual contracts, leveraged trading, and yield-generating products reflects a broader trend in crypto finance: convergence. Users no longer need to juggle multiple platforms to execute complex strategies or grow their holdings passively.
For ID token holders specifically, this marks a significant milestone in ecosystem maturity. Increased trading pairs and financial utilities enhance liquidity, attract institutional interest, and strengthen long-term value propositions.
Moreover, launching these services simultaneously ensures seamless interoperability — margin positions can be managed alongside earning accounts, all within a single interface.
Frequently Asked Questions (FAQ)
Q: What time did the IDUSDT perpetual contract go live?
A: The IDUSDT perpetual contract officially launched at 6:00 PM (UTC+8) on December 8, 2023, across web, app, and API platforms.
Q: Can I use USDT as collateral for IDUSDT perpetual trades?
A: Yes, the IDUSDT perpetual contract uses USDT as its settlement and margin currency, allowing direct use of USDT balances.
Q: Is there a minimum amount required to participate in Simple Earn for ID?
A: Yes, minimum thresholds apply depending on the chosen plan (flexible or fixed). Check the Simple Earn section in your account for exact figures.
Q: How is the funding rate calculated for IDUSDT?
A: It’s based on the difference between the mid-price of the contract and the spot index, smoothed by a moving average. A clamp limits rates between -0.75% and +0.75%.
Q: Was leverage available immediately upon listing?
A: Leveraged trading for ID/USDT began at 4:00 PM (UTC+8), two hours before the perpetual contract launch.
Q: Where can I find real-time updates on margin tiers and borrow rates?
A: Visit the "Finance" or "Trading" sections in your OKX dashboard for live data on borrowing limits and interest rates.
Final Thoughts
OKX continues to lead in delivering cutting-edge digital asset solutions. The launch of IDUSDT perpetual contracts, leveraged trading, and Simple Earn not only expands product depth but also enhances user autonomy in managing risk and reward.
As blockchain-based finance grows more sophisticated, platforms like OKX bridge the gap between traditional derivatives and decentralized innovation. Traders gain precision; investors gain opportunity — all within a secure, regulated environment.
Whether you're aiming to speculate on price swings or generate steady returns from idle assets, these tools equip you with greater control over your financial journey.