OKX launches SEIUSDT perpetual contract, supporting up to 50x leverage

OKX announced that the platform has officially launched the SEIUSDT perpetual contract on the web, app, and API. This contract is based on the SEI/USDT index, with USDT as the settlement currency, a notional value of 10, a maximum leverage of up to 50 times, and a funding rate range of -1.5% to 1.5%. The funding fees are settled every 4 hours.

According to the introduction, if the funding rate reaches the upper or lower limit, the system will automatically adjust the settlement frequency to once per hour. The trading hours for this contract are 7×24 hours.