The cryptocurrency landscape continues to evolve, with traders demanding more diverse and flexible financial instruments. In response, OKX has expanded its advanced trading offerings by introducing leveraged trading, perpetual contracts, and Simple Earn products for two emerging digital assets: MAX and ONDO. These new features empower users with enhanced tools for speculation, hedging, and yield generation—available directly through the OKX platform’s web, mobile app, and API interfaces.
This update marks a significant step forward in OKX’s mission to provide comprehensive trading solutions across spot, derivatives, and passive income products. Whether you're an active trader or a long-term investor, these additions offer fresh opportunities in the dynamic crypto market.
👉 Discover how to maximize your crypto strategy with advanced trading tools on OKX.
Leveraged Trading and Simple Earn for MAX and ONDO
Starting August 6, 2024, OKX rolled out leveraged trading pairs for both MAX/USDT and ONDO/USDT, enabling traders to amplify their exposure using borrowed funds. This feature allows users to open positions larger than their current capital, increasing potential returns (and risks) depending on market movements.
Leveraged trading is ideal for those who anticipate short- to medium-term price swings and want to take directional bets without fully committing their own capital. The availability of tiered borrowing limits ensures risk-managed access based on account size and collateral levels. For detailed information on leverage tiers and borrowing capacity, users can refer to the official “Leveraged Token Position Tier Explanation” post-launch.
In parallel, OKX introduced Simple Earn products for both MAX and ONDO. This feature enables holders to earn passive income by staking their tokens in flexible or fixed-term yield programs. While specific allocation amounts and APYs may vary based on market demand and supply, the integration of these assets into Simple Earn reflects growing confidence in their utility and long-term potential.
These services not only enhance capital efficiency but also support broader adoption by rewarding users simply for holding promising digital assets.
Perpetual Contracts: Deep Dive into MAXUSDT and ONDOUSDT
Perpetual contracts have become one of the most popular instruments in crypto derivatives trading due to their flexibility, high liquidity, and absence of expiration dates. OKX now supports MAXUSDT and ONDOUSDT perpetual contracts, offering traders seamless access to leveraged exposure with up to 50x leverage.
MAXUSDT Perpetual Contract Overview
- Underlying Index: MAX/USDT
- Settlement Currency: USDT
- Contract Size: 10 units of MAX
- Price Quotation: Based on the USDT price of 1 MAX
- Tick Size: 0.00001 USDT (enabling precise price execution)
- Leverage Range: 0.01x to 50x (suitable for conservative to aggressive strategies)
- Funding Rate Mechanism:
Clamp(MA[((Bid + Ask)/2 – Spot Index Price) / Spot Index Price – Interest], -0.75%, 0.75%)
Where Interest = 0; funding payments are settled in real-time (“current period” model) - Trading Hours: 24/7
ONDOUSDT Perpetual Contract Overview
- Underlying Index: ONDO/USDT
- Settlement Currency: USDT
- Contract Size: 10 units of ONDO
- Price Quotation: Based on the USDT price of 1 ONDO
- Tick Size: 0.0001 USDT
- Leverage Range: 0.01x to 50x
- Funding Rate Mechanism: Same formula as MAXUSDT
- Trading Hours: 24/7
Both contracts follow standard USDT-margined perpetual rules used across OKX’s derivatives suite, ensuring consistency in margining, liquidation logic, and fee structure.
Special Funding Rate Adjustment During Initial Phase
Due to potential volatility during launch, OKX implemented a temporary cap on funding rate calculations:
- Until August 7, 2024, 00:00 (UTC+8), the maximum predicted funding rate is capped at 0.03%.
- After that time, it will revert to the standard upper limit of 1.50%.
- The first actual funding fee collection occurs at 08:00 (UTC+8) on August 7, ensuring stability during early trading hours.
This precaution helps prevent unfair funding charges caused by initial market imbalances or index discrepancies.
Why This Matters: Expanding Opportunities in Crypto Derivatives
The introduction of leveraged trading and perpetual contracts for MAX and ONDO signals growing institutional and retail interest in these assets. By listing them on a major exchange like OKX, both tokens gain increased visibility, liquidity, and utility.
For traders, this means:
- Greater flexibility in implementing long or short strategies
- Ability to hedge existing spot positions
- Access to higher capital efficiency via margin and leverage
- Round-the-clock trading without expiry constraints
For investors, the availability of Simple Earn products adds a compelling income-generating dimension—turning idle holdings into productive assets.
👉 Start earning yield on your crypto holdings with OKX Simple Earn today.
Frequently Asked Questions (FAQ)
Q: When did MAX and ONDO become available for leveraged trading?
A: Leveraged trading for MAX/USDT and ONDO/USDT went live on August 6, 2024, at 4:00 PM and 6:00 PM (UTC+8), respectively.
Q: What is the maximum leverage available for these perpetual contracts?
A: Both MAXUSDT and ONDOUSDT support up to 50x leverage, adjustable according to risk tolerance and position size.
Q: How are funding rates calculated for these contracts?
A: Funding rates are derived from the difference between the perpetual contract’s mid-price and the underlying spot index, smoothed by a moving average. A clamp function limits extreme values between -0.75% and +0.75%.
Q: Are there any special rules during the initial launch phase?
A: Yes. To ensure fairness amid potential volatility, the predicted funding rate was capped at 0.03% until August 7, 2024, 00:00 UTC+8.
Q: Can I trade these contracts via API?
A: Absolutely. All new products—including leveraged pairs and perpetuals—are accessible through OKX’s robust API system for algorithmic and high-frequency traders.
Q: Where can I find detailed trading rules for these new instruments?
A: Full documentation is available in the OKX Perpetual Contracts User Agreement under the USDT-Margined section.
Final Thoughts
With the addition of MAX and ONDO to its leveraged trading, perpetual contract, and Simple Earn ecosystems, OKX reinforces its position as a leading global crypto exchange offering cutting-edge financial tools. These updates cater to a wide range of users—from day traders seeking leverage to passive investors looking for yield—while maintaining strong risk controls and market integrity.
As the digital asset space matures, platforms that combine innovation with reliability will lead the next wave of adoption. OKX continues to deliver exactly that.
👉 Explore advanced trading features and start leveraging your crypto today.