Исследование с проверкой источников: OKX

Verified source facts

1. OKX's announcement index is the official discovery surface for newly listed perpetual instruments. 2. OKX perpetual futures use mark-price and funding mechanisms that are distinct from ordinary spot trading. 3. Position tiers can change maximum leverage and initial or maintenance margin as exposure grows. 4. The live instrument rules after launch are controlling because specifications and eligibility can change.

Comparison at a glance

1. Official-product check: Symbol

A venue announcement becomes useful only after its rule is translated into a testable account decision. Here, symbol concerns exact base, quote and suffix. Retain the dated first-party wording, identify the eligible entity and product screen, and then match the live instrument. A launch headline cannot prove access, suitability, liquidity, or the result for a particular account.

Separate the product's stated mechanics from promotional framing. Identify the funding source, matching or pricing rule, settlement trigger, fee formula, loss boundary, and suspension policy. The documentation can describe those controls, but it cannot resolve lookalike asset. That unknown must remain visible rather than being converted into a prediction.

Finally, make symbol reversible where possible: match the live instrument. Retain non-secret evidence and reconcile the result with the rule for exact base, quote and suffix. This section evaluates operational mechanics; because lookalike asset remains unresolved, it does not predict the underlying market or recommend taking the exposure.

2. Official-product check: Contract value

Here, contract value concerns exposure per contract. Retain the dated first-party wording, identify the eligible entity and product screen, and then calculate notional.

The documentation can describe those controls, but it cannot resolve unit error.

Finally, make contract value reversible where possible: calculate notional. Retain non-secret evidence and reconcile the result with the rule for exposure per contract. This section evaluates operational mechanics; because unit error remains unresolved, it does not predict the underlying market or recommend taking the exposure.

3. Official-product check: Settlement

Here, settlement concerns margin and settlement asset. Retain the dated first-party wording, identify the eligible entity and product screen, and then verify currency.

The documentation can describe those controls, but it cannot resolve basis mismatch.

Finally, make settlement reversible where possible: verify currency. Retain non-secret evidence and reconcile the result with the rule for margin and settlement asset. This section evaluates operational mechanics; because basis mismatch remains unresolved, it does not predict the underlying market or recommend taking the exposure.

4. Official-product check: Index

Here, index concerns constituents and fallback. Retain the dated first-party wording, identify the eligible entity and product screen, and then inspect methodology.

The documentation can describe those controls, but it cannot resolve thin market.

Finally, make index reversible where possible: inspect methodology. Retain non-secret evidence and reconcile the result with the rule for constituents and fallback. This section evaluates operational mechanics; because thin market remains unresolved, it does not predict the underlying market or recommend taking the exposure.

5. Official-product check: Mark price

Here, mark price concerns liquidation reference. Retain the dated first-party wording, identify the eligible entity and product screen, and then monitor divergence.

The documentation can describe those controls, but it cannot resolve index outage.

Finally, make mark price reversible where possible: monitor divergence. Retain non-secret evidence and reconcile the result with the rule for liquidation reference. This section evaluates operational mechanics; because index outage remains unresolved, it does not predict the underlying market or recommend taking the exposure.

6. Official-product check: Funding

Here, funding concerns interval and cap. Retain the dated first-party wording, identify the eligible entity and product screen, and then model carrying cost.

The documentation can describe those controls, but it cannot resolve volatile rate.

Finally, make funding reversible where possible: model carrying cost. Retain non-secret evidence and reconcile the result with the rule for interval and cap. This section evaluates operational mechanics; because volatile rate remains unresolved, it does not predict the underlying market or recommend taking the exposure.

7. Official-product check: Leverage

Here, leverage concerns tier-specific maximum. Retain the dated first-party wording, identify the eligible entity and product screen, and then size conservatively.

The documentation can describe those controls, but it cannot resolve headline bias.

Finally, make leverage reversible where possible: size conservatively. Retain non-secret evidence and reconcile the result with the rule for tier-specific maximum. This section evaluates operational mechanics; because headline bias remains unresolved, it does not predict the underlying market or recommend taking the exposure.

8. Official-product check: Margin

Here, margin concerns initial and maintenance. Retain the dated first-party wording, identify the eligible entity and product screen, and then stress the next tier.

The documentation can describe those controls, but it cannot resolve tier crossing.

Finally, make margin reversible where possible: stress the next tier. Retain non-secret evidence and reconcile the result with the rule for initial and maintenance. This section evaluates operational mechanics; because tier crossing remains unresolved, it does not predict the underlying market or recommend taking the exposure.

9. Official-product check: Price limits

Here, price limits concerns order constraints. Retain the dated first-party wording, identify the eligible entity and product screen, and then test small order.

The documentation can describe those controls, but it cannot resolve launch volatility.

Finally, make price limits reversible where possible: test small order. Retain non-secret evidence and reconcile the result with the rule for order constraints. This section evaluates operational mechanics; because launch volatility remains unresolved, it does not predict the underlying market or recommend taking the exposure.

10. Official-product check: Stop rule

Here, stop rule concerns identity or index unresolved. Retain the dated first-party wording, identify the eligible entity and product screen, and then do not trade.

The documentation can describe those controls, but it cannot resolve support confirmation.

Finally, make stop rule reversible where possible: do not trade. Retain non-secret evidence and reconcile the result with the rule for identity or index unresolved. This section evaluates operational mechanics; because support confirmation remains unresolved, it does not predict the underlying market or recommend taking the exposure.

Decision scenarios

Scenario 1: when symbol becomes decisive

Consider a reader whose main constraint is exact base, quote and suffix. The correct response is not to infer a universal platform or product winner. It is to match the live instrument, retain the evidence, and define a stop condition before funds or permissions are committed. If the evidence changes, the decision must be reopened. This produces a repeatable operating rule rather than a one-time opinion.

Scenario 2: when contract value becomes decisive

Consider a reader whose main constraint is exposure per contract. It is to calculate notional, retain the evidence, and define a stop condition before funds or permissions are committed.

Scenario 3: when settlement becomes decisive

Consider a reader whose main constraint is margin and settlement asset. It is to verify currency, retain the evidence, and define a stop condition before funds or permissions are committed.

Scenario 4: when index becomes decisive

Consider a reader whose main constraint is constituents and fallback. It is to inspect methodology, retain the evidence, and define a stop condition before funds or permissions are committed.

Scenario 5: when mark price becomes decisive

Consider a reader whose main constraint is liquidation reference. It is to monitor divergence, retain the evidence, and define a stop condition before funds or permissions are committed.

Scenario 6: when funding becomes decisive

Consider a reader whose main constraint is interval and cap. It is to model carrying cost, retain the evidence, and define a stop condition before funds or permissions are committed.

Sources and editorial method

• Announcements — OKX
• OKX Perpetual Futures Guide — OKX
• Perpetual and expiry futures documentation — OKX