As part of its ongoing commitment to risk management and user protection, OKX will be delisting several perpetual contracts and leveraged trading pairs. This proactive measure ensures a safer, more stable trading environment by removing assets with declining liquidity or heightened volatility. Below is a detailed breakdown of the delisting schedule, associated risks, and adjustments to platform parameters.
Perpetual Contract Delistings
To maintain market integrity, OKX will be delisting the following USDT-margined perpetual contracts:
- ZERO/USDT
- FLR/USDT
- ZEUS/USDT
- GPT/USDT
These contracts will be officially suspended from trading on October 15, 2024, between 4:00 PM and 5:00 PM (UTC+8). At that time:
- All open orders will be automatically canceled.
- Open positions will be settled using the arithmetic average of the OKX index price during the hour preceding delisting.
- If index manipulation is detected during this period, OKX reserves the right to adjust the final settlement price to a fair market value.
- The funding rate for the final hour will be set to 0%, and no funding fees or settlement charges will apply.
👉 Learn how to manage your open positions ahead of delisting deadlines.
Risk Management During Delisting
Market volatility often increases as delisting dates approach. Users are strongly advised to:
- Reduce effective leverage
- Close positions manually in advance
- Avoid holding large positions near the cutoff
In the event of liquidation-related losses during settlement:
- The Insurance Fund will cover initial deficits.
- If the fund is insufficient, automatic position reductions (ADL) will begin with the most profitable traders.
After settlement, users with open position values exceeding $10,000 at the time of delisting will face a temporary 30-minute restriction on asset transfers across their account. Normal functionality resumes automatically after this window.
Historical order records and transaction bills for these contracts remain accessible via the desktop Order Center. Users are encouraged to download and back up their data promptly.
Adjusted Price Limits Before Delisting
To prevent extreme price deviations during the wind-down phase, OKX has implemented tighter price capping rules for the affected perpetuals:
Price Limit Formula
The maximum and minimum allowable prices are calculated as follows:
First 10 minutes after contract launch:
- Max:
Index × (1 + X) - Min:
Index × (1 – X)
- Max:
After first 10 minutes:
- Max:
Min[Max(Index, Index × (1 + Y) + Avg premium over last 10 min), Index × (1 + Z)] - Min:
Max[Min(Index, Index × (1 – Y) + Avg premium over last 10 min), Index × (1 – Z)]
- Max:
Adjusted Parameters
| Time Before Delisting | X | Y | Z |
|---|---|---|---|
| 48 hours | 2% | 2% | 5% |
| 30 minutes | 1% | 1% | 2% |
These tightening measures help prevent manipulation and ensure a smooth exit for all participants. OKX may further adjust limits if abnormal market behavior occurs.
Leveraged Trading and Flexible Lending Changes
In addition to perpetual contract adjustments, OKX is modifying its leveraged trading offerings.
Affected Pair: GPT/USDT
| Action | Date and Time (UTC+8) |
|---|---|
| Borrowing Disabled | October 2, 2024, 4:30 PM |
| Full Delisting | October 14, 2024, 2:00 PM – 4:00 PM |
During delisting:
- Margin trading and flexible lending services will be suspended.
- All open market orders will be canceled.
- Estimated downtime per pair: ~1 hour.
Users with outstanding borrows or collateral in GPT must repay their debt before the delisting window. Failure to do so will trigger automatic repayment by the system.
⚠️ Important: Due to potential price swings, users who delay repayment risk incurring losses during forced liquidation.
👉 Stay ahead of borrowing deadlines with real-time alerts and portfolio tracking tools.
Token Discount Rate Adjustment for Cross-Margin Accounts
To reflect current market conditions, OKX is updating the discount rate for GPT within cross-margin accounts.
What Is a Discount Rate?
In cross-margin mode, multiple cryptocurrencies can be used as collateral. However, due to varying liquidity and volatility, each asset is discounted when converted to USD value for margin purposes. This protects users and the platform from sudden drawdowns.
Updated GPT Discount Schedule
| Tier (USD Value) | Previous Discount Rate | New Discount Rate |
|---|---|---|
| $0 – $50,000 | 50% | 0% |
| Over $50,000 | 0% | Not applicable |
Effective immediately, GPT held in cross-margin accounts will no longer contribute to margin value. Users relying on GPT as collateral should rebalance their portfolios to avoid margin calls.
For full details on discount rates across all supported assets, visit OKX’s official documentation.
👉 Optimize your cross-margin strategy with real-time risk analysis tools.
Core Keywords
- Perpetual contract delisting
- Leverage trading changes
- Margin risk management
- Token discount rate
- Forced liquidation prevention
- Cross-margin account
- Funding rate adjustment
- Insurance fund mechanism
Frequently Asked Questions (FAQ)
Q: Why is OKX delisting these perpetual contracts?
A: Contracts are delisted based on liquidity, trading volume, and risk profile. This helps maintain a healthy trading ecosystem and protects users from volatile or illiquid markets.
Q: What happens if I don’t close my position before delisting?
A: All open positions will be automatically settled using the pre-delisting index average. No action is required, but it’s advisable to close manually to control timing and pricing.
Q: Will I be charged fees during forced repayment or settlement?
A: No. There are no funding fees, settlement fees, or additional charges during the delisting process.
Q: Can I still view my trading history after a contract is delisted?
A: Yes. Historical orders and bills remain available in your account dashboard under the Order Center.
Q: Why was the GPT discount rate set to zero?
A: The change reflects reduced market liquidity and increased volatility. Removing its margin utility prevents overexposure in cross-margin accounts.
Q: How can I avoid automatic position reductions (ADL)?
A: Maintain healthy margin levels, avoid excessive leverage, and monitor your rank in the ADL queue via the risk dashboard.
By proactively managing product offerings and risk parameters, OKX continues to prioritize user safety and platform stability. Traders are encouraged to review their positions, adjust strategies accordingly, and leverage available tools to navigate upcoming changes seamlessly.