OKX to list perpetual futures for WAL, NIL, PLUME crypto

Published on May 8, 20253 min read

This information may not apply to all customers

to check if the products, features, rules, and terms in this article apply to you.

We are pleased to announce that USDT-margined perpetual futures for WAL, NIL, PLUME will be enabled between 7:00 am to 7:30 am UTC on May 8, 2025.

The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Listing schedule

WAL/USDT perpetual futures trading will open at 7:00 am UTC on May 8, 2025.
NIL/USDT perpetual futures trading will open at 7:15 am UTC on May 8, 2025.
PLUME/USDT perpetual futures trading will open at 7:30 am UTC on May 8, 2025.

II. Perpetual futures trading

WAL perpetual futures:Walrus is a decentralized data storage network for data and rich media content such as large text files, videos, images, and audio.

Full English Name: Walrus
Abbreviation: WAL
Official Website: https://www.walrus.xyz/
Twitter: https://x.com/walrusprotocol

Features	Details
Underlying	WAL/USDT index
Settlement crypto	USDT
Face value	10
Price quotation	1 WAL value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-20x
Funding rate	clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation
Funding fee settlement interval	4 hours
Trading hours	24/7

NIL perpetual futures:

Nillion is a permissionless network that secures decentralised data storage and computation for Al and blockchains.

Full English Name: Nillion
Abbreviation: NIL
Official Website: https://nillion.com/
Twitter: https://x.com/nillionnetwork

Features	Details
Underlying	NIL/USDT index
Settlement crypto	USDT
Face value	10
Price quotation	1 NIL value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-50x
Funding rate	clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation
Funding fee settlement interval	4 hours
Trading hours	24/7

PLUME perpetual futures:

Plume is a public, EVM-compatible blockchain optimised for the adoption and demand-driven integration of real world assets.

Full English Name: Plume
Abbreviation: PLUME
Official Website: https://plume.org/
Twitter: https://x.com/plumenetwork

Features	Details
Underlying	PLUME/USDT index
Settlement crypto	USDT
Face value	10
Price quotation	1 PLUME value calculated in USDT equivalent
Tick size	0.0001
Leverage	0.01-20x
Funding rate	clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation
Funding fee settlement interval	4 hours
Trading hours	24/7

Note: To avoid unreasonable fees arising from significant premium fluctuations of a newly launched contract, the upper limit of the funding fee before 4:00 pm UTC on May 8, 2025 is 0.5%. After 4:00 pm UTC on May 8, 2025, the upper limit of the predicted funding fee will be adjusted back to the regular rate of 1.5%. (The funding fee for this period will be charged at 8:00 pm UTC on May 8, 2025.) If there is a deviation from the contract price, the funding fee limit will be adjusted according to market conditions.

The price limit rules of WAL, NIL, PLUME USDT-margined perpetual futures trading are the same as those of other currencies. Please refer to our perpetual futures trading guides for further details.

USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement

OKX team

May 8, 2025