OKX to list SKHY/USDT stock perpetual futures on July 10, 2026

The exchange said USDT-margined perpetual futures for selected stocks will be added across web, app and API, with SKHY/USDT trading scheduled to open at 16:10 UTC.

USDT

Summary

OKX said it will enable USDT-margined perpetual futures for selected stocks across its web interface, mobile app and API, with SKHY/USDT perpetual futures scheduled to begin trading at 16:10 UTC on July 10, 2026. The contract will settle in USDT, trade around the clock and use an eight-hour funding fee settlement interval, although that can switch to hourly if the funding rate reaches its cap or floor when fees are charged or paid. The funding rate is calculated using the average premium index and interest rate within a capped range. OKX also said users should check in the app whether the product is available in their region.

Terms & Concepts
  • perpetual futures: Derivatives contracts with no expiry date that are typically kept close to the underlying market through funding payments.
  • funding rate: A periodic payment mechanism in perpetual futures that helps align contract prices with the underlying market.
  • premium index: A measure used in funding calculations to track how far a perpetual contract trades above or below its reference market.