We are excited to announce that OKX will enable USDT-margined perpetual futures trading for SIGN, starting at 11:30 am UTC on April 28, 2025. This update will be available across all platforms, including the web interface, mobile app, and API. This listing provides traders with new opportunities to engage with SIGN using flexible leverage and a familiar trading environment.
Understanding SIGN and Its Market Role
SIGN serves as a foundational on-chain verification infrastructure. It enables the secure and cross-border verification of legal identities, digital contracts, token ownership, and other critical digital information by governments, financial institutions, and individuals. Its primary revenue-generating product, TokenTable, supports essential functions of the crypto economy, such as token airdrops, vesting schedules, and over-the-counter (OTC) trading.
This integration into the derivatives market allows for greater liquidity and sophisticated trading strategies around the SIGN asset.
Key Trading Details for SIGN Perpetual Futures
The SIGN/USDT perpetual contract will be available for trading starting at the specified time. Below are the crucial specifications for traders.
Contract Specifications
- Full Name: SIGN
- Ticker Symbol: SIGN
- Underlying Index: SIGN/USDT
- Settlement Currency: USDT
- Contract Face Value: 100 SIGN
- Price Quotation: USDT equivalent per 1 SIGN
- Minimum Price Movement (Tick Size): 0.00001
- Available Leverage: 0.01x to 20x
Funding Rate Mechanism
The funding rate is a critical component of perpetual futures contracts, designed to keep the contract price aligned with the spot price.
- Calculation Formula: The rate is calculated based on a clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%]. For a detailed breakdown of the average premium index and interest rate, traders should consult the official product documentation.
- Settlement Interval: Funding fees are settled every 4 hours.
- Trading Hours: 24/7, without interruption.
Special Initial Funding Rate Cap
To protect users from excessive fees due to potential high volatility immediately after listing, a special cap is in place.
- Initial Cap: Before 4:00 pm UTC on April 28, 2025, the upper limit for the funding fee is set at 0.5%.
- Return to Standard Cap: After 4:00 pm UTC on April 28, 2025, the maximum predicted funding fee will revert to the regular limit of 1.5%. The funding fee for this period will be charged at 8:00 pm UTC on the same day.
- Market Adjustments: OKX notes that the funding fee limit may be adjusted according to market conditions if significant deviations from the contract price occur.
Price limit rules for SIGN perpetual futures will align with those of other similar contracts on the platform. 👉 Explore more trading strategies
Frequently Asked Questions
What are perpetual futures contracts?
Perpetual futures are derivative contracts that allow you to speculate on the future price of an asset like SIGN without an expiration date. They use a funding rate mechanism to tether their price to the underlying spot market.
How is the funding rate for SIGN calculated?
The funding rate is determined by a formula that incorporates the premium index and an interest rate component. It is designed to balance market demand between long and short positions. The specific calculation can be complex, so it's advisable to review the detailed guides for a full understanding.
What leverage can I use with SIGN perpetual futures?
OKX offers flexible leverage from 0.01x up to 20x for the SIGN/USDT perpetual contract. It is crucial to use leverage cautiously, as it amplifies both potential profits and losses.
Why is there a special funding rate cap at launch?
A temporary lower cap is implemented for new listings to prevent traders from incurring unreasonably high fees during the initial period of typically higher price volatility and potential market inefficiency.
Is there a difference between trading on the app versus the web?
No, the SIGN perpetual futures contract will be available simultaneously on OKX's web platform, mobile app, and via API. The trading experience and specifications are consistent across all interfaces.
What is the role of SIGN’s TokenTable?
TokenTable is SIGN's main product, facilitating core crypto-economic operations such as managing token distributions (airdrops), handling vesting schedules for unlocked tokens, and enabling OTC trading desks for large transactions.