The cryptocurrency landscape continues to evolve rapidly, with innovative projects gaining momentum and new trading opportunities emerging across major exchanges. One such development comes from OKX, a leading digital asset platform, which has announced the upcoming listing of GPT perpetual futures, along with the activation of margin trading and Simple Earn services for the GPT/USDT trading pair.
This strategic expansion enhances accessibility and flexibility for traders and investors interested in the GPT token, offering advanced financial tools that support both speculative and long-term investment strategies.
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Expanded Trading Options for GPT Token
Starting February 28, 2024, at 1:00 PM UTC, OKX will officially launch USDT-margined perpetual futures contracts for GPT. This marks a significant milestone for the token, enabling users to engage in leveraged trading with up to 50x leverage, hedge positions, or speculate on price movements in both bullish and bearish markets.
Just a few days later, on March 4, 2024, at 4:00 AM UTC, OKX will further expand access by enabling spot margin trading and Simple Earn services for the GPT/USDT pair. These features will be available across all major access points — including the web interface, mobile app, and API — ensuring seamless integration into existing trading workflows.
Core Features of GPT Perpetual Futures
Perpetual futures are among the most popular instruments in crypto derivatives trading due to their flexibility and lack of expiration dates. Here’s what traders can expect from the newly listed GPTUSDT perpetual contract:
- Underlying Index: GPT/USDT
- Settlement Asset: USDT
- Face Value: 10
- Price Quotation: Based on the USDT equivalent of 1 GPT
- Tick Size: 0.00001 (enabling precise price entries)
- Leverage Range: 0.01x to 50x (suitable for conservative and aggressive traders alike)
- Trading Hours: 24/7
One of the key mechanisms in perpetual futures is the funding fee, which helps align the contract price with the underlying spot market. For GPTUSDT, the funding fee is calculated using the following formula:
Clamp(MA[((Best bid + Best offer) / 2 – Spot index price) / Spot index price – Interest], -0.75%, 0.75%), where Interest = 0
Fees are applied periodically based on the current funding rate, ensuring fair alignment between futures and spot prices.
Special Funding Fee Adjustment During Launch Phase
To protect traders during the initial volatility phase following listing, OKX has implemented a temporary cap on funding fees:
- Until 4:00 PM UTC on February 28, 2024, the maximum predicted funding fee will be limited to 0.03%.
- After this time, the upper limit will revert to the standard 1.50%.
- The first actual funding charge will occur at 12:00 AM UTC on February 29, 2024.
This precautionary measure minimizes the risk of excessive funding costs during early trading when market premiums may fluctuate unpredictably.
Margin Trading and Simple Earn Integration
In addition to derivatives support, OKX is rolling out two essential services that broaden the utility of holding GPT tokens:
Spot Margin Trading (GPT/USDT)
Traders will be able to open margin positions on the GPT/USDT spot pair, allowing them to borrow funds to amplify their exposure. This feature supports both long and short strategies depending on market outlook.
Key details:
- Tiered borrowing limits apply based on user level and collateral.
- Users can check real-time borrowing rates and position tiers directly within the platform under Margin Borrowing Position Tiers.
👉 Learn how margin trading can enhance your investment strategy with flexible leverage options.
Simple Earn for GPT Holders
Holders looking for passive income opportunities can take advantage of OKX Simple Earn, a user-friendly savings product that allows users to earn yields on idle crypto assets.
With GPT added to Simple Earn:
- Users can deposit GPT and earn competitive interest rates over fixed or flexible terms.
- Maximum allocation limits and estimated APRs will be displayed upon official listing.
- More information is available in the Introduction to OKX Simple Earn and Its Rules.
This addition empowers long-term supporters of GPT to generate returns without selling their holdings — an ideal option for bullish investors seeking income while maintaining asset exposure.
Seamless Access Across All Platforms
All new features — perpetual futures, margin trading, and Simple Earn — will be fully integrated into:
- OKX Web Platform
- iOS and Android Mobile Apps
- Public API for algorithmic traders
This ensures that every type of user, from retail traders to institutional developers, can access GPT-related products efficiently and securely.
Furthermore, pricing limits and risk controls for GPTUSDT perpetual futures follow the same framework as other USDT-margined contracts on OKX. Traders are encouraged to review the full guidelines in the OKX Perpetual Futures Trading User Agreement for detailed risk disclosures and operational policies.
Frequently Asked Questions (FAQ)
Q: When will GPT perpetual futures go live?
A: GPTUSDT perpetual futures will go live on February 28, 2024, at 1:00 PM UTC.
Q: What is the maximum leverage available for GPT futures?
A: Traders can use up to 50x leverage on the GPTUSDT perpetual contract.
Q: Can I earn interest on my GPT holdings?
A: Yes, starting March 4, 2024, you can deposit GPT into OKX Simple Earn to earn passive income.
Q: Is margin trading available for GPT?
A: Yes, spot margin trading for GPT/USDT will be enabled on March 4, 2024, at 4:00 AM UTC.
Q: Why is there a temporary cap on funding fees?
A: The temporary cap (0.03%) prevents excessive charges during initial market instability after launch. It returns to normal levels after 4:00 PM UTC on February 28.
Q: Where can I find tiered borrowing limits for margin trading?
A: Visit the Margin Borrowing Position Tiers section on OKX after listing to view up-to-date borrowing levels and rates.
👉 Start exploring high-potential crypto opportunities with advanced trading and earning tools today.
Final Thoughts
The listing of GPT perpetual futures, along with margin trading and Simple Earn support, reflects OKX's commitment to delivering comprehensive financial solutions for emerging digital assets. By integrating multiple product lines — derivatives, leverage, and yield generation — OKX provides a holistic ecosystem where traders and investors can actively participate in the growth of promising projects like GPT.
Whether you're looking to speculate with leverage, hedge existing positions, or earn passive returns, these new offerings create diverse pathways to engage with the GPT token in a secure and regulated environment.
As always, users are advised to practice proper risk management, especially when utilizing high-leverage instruments like perpetual futures. With responsible trading habits and access to powerful tools, the latest updates position GPT as a versatile asset within the broader crypto economy.
Stay informed, trade smart, and make the most of evolving opportunities in decentralized finance.