OKX, a leading global cryptocurrency exchange, has officially launched GPSUSDT perpetual contracts trading. This new derivative product went live on March 4, 2025, at 8:00 PM UTC+8, and is available on the exchange’s web platform, mobile app, and via API integration.
The introduction of GPS perpetual contracts offers traders more opportunities to engage with the growing Web3 security ecosystem, backed by the innovative technology of the GoPlus Security network.
GPS Perpetual Contract Overview
GPS is the native token of GoPlus Security, a user-driven, modular security infrastructure layer designed for the Web3 environment. The project aims to provide open, permissionless security services that can integrate seamlessly with various blockchain networks.
The GPSUSDT perpetual contract allows traders to speculate on the future price of GPS without holding the actual asset, using USDT as the settlement currency.
Key Contract Specifications
| Feature | Details |
|---|---|
| Underlying Asset | GPS/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 10 GPS |
| Price Quotation | USDT price per 1 GPS |
| Minimum Price Movement | 0.00001 |
| Leverage | 0.01x to 20x |
| Funding Fee Calculation | Based on the difference between contract mid price and spot index |
| Funding Interval | Every 4 hours |
| Trading Hours | 24/7 |
Funding Rate Details
To ensure stability during the initial launch period, the funding rate cap was set at 0.5% until March 5, 2025, 00:00 UTC+8. After this time, the cap returned to the standard 1.5%. This measure helps prevent excessive funding fee volatility during periods of potential price discrepancy.
Traders should note that funding fees are settled every four hours and are determined by the difference between the contract's market price and the underlying spot index price.
Trading and Risk Management
Perpetual contracts are popular among cryptocurrency traders due to their flexibility and lack of expiration date. However, trading with leverage involves significant risk. It is important to understand the mechanics of perpetual swaps, including funding rates, liquidation prices, and margin requirements.
OKX provides a range of risk management tools, including stop-loss orders, take-profit options, and customizable leverage settings. Beginners are advised to start with lower leverage and gradually explore more advanced strategies as they gain experience.
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Why Trade GPS Perpetual Contracts?
The introduction of GPS perpetual contracts aligns with the growing interest in Web3 security solutions. As blockchain ecosystems expand, the need for reliable security infrastructure becomes increasingly important. GoPlus aims to address this need by offering a modular and open security layer that supports multiple networks.
Trading GPS derivatives allows users to gain exposure to this emerging sector without directly holding the token, making it accessible for both speculative and hedging purposes.
Frequently Asked Questions
What is a perpetual contract?
A perpetual contract is a type of derivative product that allows traders to speculate on the price of an asset without an expiration date. It uses a funding mechanism to keep the contract price aligned with the spot market.
How is the funding rate calculated?
The funding rate is typically derived from the difference between the perpetual contract price and the spot price. It is paid periodically between long and short traders to maintain price equilibrium.
What leverage is available for GPS perpetual contracts?
OKX offers leverage from 0.01x up to 20x for GPSUSDT perpetual contracts. Users can adjust leverage based on their risk tolerance and trading strategy.
Is GPS trading available 24/7?
Yes, like most cryptocurrency perpetual contracts, GPSUSDT trading is available 24 hours a day, seven days a week, including holidays.
Can I trade GPS on mobile?
Yes, OKX supports trading on both desktop and mobile devices through its official app and web platform.
Where can I learn more about perpetual contracts?
OKX provides educational resources and documentation for traders who want to deepen their understanding of derivatives trading. You can also 👉 discover more trading tools and guides directly on their platform.
Final Thoughts
The launch of GPS perpetual contracts on OKX provides traders with more opportunities to engage with the Web3 security market. With flexible leverage options and robust trading infrastructure, OKX continues to expand its product offerings to meet the evolving needs of the crypto community.
As with any leveraged product, it is essential to trade responsibly and make use of the available risk management features.