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OKX to Launch XLEUSDT Perpetual Contract on May 11, 2026

According to OKX, the new USDT-settled perpetual contract will begin trading at 18:15 UTC+8 with 24/7 access and an 8-hour funding schedule that can be shortened to 1 hour at rate limits.

USDT

Summary

OKX announced that it will launch the XLEUSDT perpetual contract on May 11, 2026, at 18:15 UTC+8. The contract will be settled in USDT and available for 24/7 trading. OKX said funding fees will be settled every 8 hours by default, with the interval adjustable to 1 hour when rate limits are reached. The update changes the previously referenced contract and launch time, replacing USOUSDT at 18:00 UTC+8 with XLEUSDT at 18:15 UTC+8.

Terms & Concepts
  • Perpetual contract: A crypto derivatives product with no expiry date, typically using funding payments to keep its price aligned with the underlying market.
  • Funding fees: Periodic payments between traders in perpetual contracts that help anchor the contract price to the spot market.
  • USDT-settled: A contract structure in which margin, profit, and loss are denominated in Tether, a U.S. dollar-pegged stablecoin.