The digital asset landscape continues to evolve, with innovative blockchain platforms like NEAR Protocol gaining momentum. As adoption grows, demand for advanced trading and yield-generating tools around NEAR has surged. In response, OKX has officially launched comprehensive support for NEAR, empowering users with powerful financial instruments designed for both experienced traders and those seeking passive income.
Starting December 21, 2020, OKX introduced NEAR-based leverage trading, Savings (formerly "Yu Bibao"), and NEARUSDT perpetual contracts across its web, mobile app, and API platforms. This multi-product rollout enhances accessibility and flexibility for users engaging with the NEAR ecosystem.
Leverage Trading & Savings: Maximize Exposure and Earnings
Dual-Support Leverage Trading
NEAR is now available for margin trading against two major pairs: NEAR/USDT and NEAR/BTC. This dual-currency support allows traders to express bullish or bearish views using stablecoins or Bitcoin, offering strategic flexibility depending on market conditions and portfolio goals.
👉 Discover how leverage trading can amplify your market strategies with flexible margin options.
Leverage tiers are dynamically adjusted based on position size, ensuring risk management remains balanced. Users can view real-time margin tier details directly within the platform under the margin trading section. These tiers determine borrowing limits and required collateral, helping traders plan positions with precision.
Grow Your Idle Assets with OKX Savings
Holding NEAR doesn’t have to be passive. With the integration of NEAR into OKX Savings, users can now earn competitive yields on their idle tokens. This feature enables automatic subscription and redemption, allowing funds to generate returns while remaining accessible when needed.
Savings allocations are subject to availability and may vary based on platform demand. However, this service provides a low-barrier entry point for users seeking consistent returns without active trading involvement. It’s ideal for long-term holders who want to enhance their overall portfolio performance through compounding interest.
NEARUSDT Perpetual Contract: A Full-Featured Derivatives Offering
Key Product Specifications
The NEARUSDT perpetual contract offers a robust derivatives instrument tailored for both short-term speculation and hedging strategies. Built on OKX’s high-performance trading engine, it supports seamless execution even during volatile market conditions.
Here are the core specifications:
- Underlying Index: NEAR/USDT
- Settlement Currency: USDT
- Contract Value: 10 NEAR per contract
- Price Quotation: Based on the USDT price of 1 NEAR
- Minimum Price Increment (Tick Size): 0.0001
- Leverage Range: 0.01x to 75x (adjustable by user)
- Funding Rate Mechanism:
Clamp(MA(((Bid + Ask)/2 - Spot Index)/Spot Index - Interest), -0.75%, 0.75%)
Where Interest = 0 - Trading Hours: 7 days a week, 24 hours a day
- Settlement Time: Daily at 16:00 HKT
Special Funding Rate Adjustment at Launch
To ensure fairness during the initial launch phase, a temporary cap was applied to the funding rate calculation:
- Until 24:00 HKT on December 21, 2020, the predicted funding rate was capped at 0.03%.
- From December 22, 2020, 00:00 HKT onward, the cap reverted to the standard ±0.75%.
This adjustment helped stabilize pricing and prevented abnormal funding costs due to potential index volatility immediately after launch.
All other trading rules—including liquidation mechanisms, insurance funds, and mark price tracking—align with OKX’s established standards for USDT-margined perpetual swaps. Traders familiar with other USDT contracts will find the experience consistent and intuitive.
Zero-Fee Promotion: Trade NEARUSDT Without Costs
To encourage adoption and lower entry barriers, OKX rolled out a one-month zero-fee promotion for the NEARUSDT perpetual contract.
During this promotional period:
- Maker fee: 0.00%
- Taker fee: 0.00%
This applies to all user levels, including both regular and professional traders. However, it’s important to note that trades executed in the zero-fee zone do not count toward tier-based volume calculations used for fee discounts on other markets.
This limited-time offer allows users to test strategies, refine risk models, and gain exposure to NEAR’s price movements with no transaction cost overhead—a rare opportunity in the crypto derivatives space.
Frequently Asked Questions (FAQ)
Q: What is the difference between spot trading and perpetual contracts?
A: Spot trading involves buying or selling an asset for immediate delivery. Perpetual contracts are derivative products that track the underlying asset’s price and allow leverage, enabling long or short positions without owning the actual token.
Q: Can I use BTC as collateral for NEAR/USDT margin trades?
A: Yes. OKX supports cross-margin functionality where multiple assets (including BTC and USDT) can serve as collateral for leveraged positions in different pairs.
Q: How often is the funding fee paid in perpetual contracts?
A: Funding fees are exchanged every 8 hours—at 00:00, 08:00, and 16:00 HKT—between long and short position holders based on the prevailing rate.
Q: Is there a maximum amount I can borrow for NEAR margin trading?
A: Borrowing limits depend on your account tier, available collateral, and current system-wide utilization rates. Check the margin trading interface for real-time borrowing capacity.
Q: Does participating in OKX Savings affect my ability to trade or transfer NEAR?
A: No. Subscribed funds remain under your control and can be redeemed instantly (subject to system processing time), after which they become available for withdrawal or trading.
Q: Are there risks involved in using 75x leverage?
A: Yes. High leverage increases both potential returns and liquidation risk. It's recommended for experienced traders who employ strict risk management practices such as stop-loss orders.
Why This Matters for Crypto Traders and Investors
The introduction of these three key services—leverage trading, perpetual contracts, and savings yield generation—marks a significant step in maturing NEAR’s financial infrastructure on major exchanges.
For active traders, having access to leveraged instruments means greater flexibility in capital deployment. Whether hedging against portfolio risk or capitalizing on short-term volatility, these tools provide essential functionality.
For passive investors, integrating NEAR into savings programs unlocks new avenues for return generation beyond simple price appreciation—aligning with broader trends in decentralized finance (DeFi) and asset utilization.
Final Thoughts
OKX’s decision to support NEAR across multiple product lines reflects growing confidence in the protocol’s long-term viability and user adoption. By combining deep liquidity, flexible leverage options, and yield-bearing opportunities, OKX delivers a holistic environment for engaging with NEAR in diverse ways.
Whether you're a day trader eyeing short-term swings or a long-term believer looking to earn while holding, the newly launched features offer meaningful utility tailored to modern crypto-native needs.
As always, users are encouraged to practice sound risk management and stay informed about market developments. With the right tools and awareness, navigating the evolving digital asset ecosystem becomes not just possible—but profitable.
👉 Access next-generation trading tools and start building smarter strategies now.