TradFi/Stock Perpetuals FAQ

The price of Stock Perpetual isn't directly associated with the US stock market.

The price of Stock Perpetual isn't directly associated with the US stock market. Stock Perpetuals on OKX operate as an independent order book with their own index price mechanism. You can view the details by navigating to the relevant token > Overview > Index Components.

OKX has established specific mechanisms within its index price and mark price calculation rules to ensure that Stock Perpetuals continue to generate reasonable index and mark prices in accordance with established rules during periods outside traditional financial market trading hours, supporting fair and continuous order book trading. The specific rules are as follows:

Checklist

Where can I find TradFi?
On the App:
Open the OKX App and tap TradFi on the homepage. To view more trading pairs, tap View more
On the Web:
Go to Trade > Futures > Tap the futures trading pair > Select TradFi
Is the price of a Stock Perpetual linked to the stock market?
How does the market behave on OKX during stock market weekend closures?
Are dividends distributed on TradFi on dividend dates?
What are the trading fees for TradFi contracts?
How are TradFi contract trading fees calculated? Can you show me an example?
If dividends aren't distributed, will the contract price be reduced by the dividend amount?
How can I verify the listed Stock Perpetuals, their pricing, and market makers?

Notes

Index calculation rules: The index calculation rules for Stock Perpetuals are consistent with standard index calculation rules, using multiple price providers as index components to deliver real-time price updates (some component prices may be smoothed using EMA). For detailed rules, refer to: Spot index prices

Index bands protection mechanism: OKX will activate the index bands protection mechanism for Stock Perpetual indices. Index prices will be capped within a 10% range of the traditional financial market stock price. During traditional financial market weekend closures, the last available stock price update will be used to anchor the index price. For detailed rules, refer to: OKX to activate the price protection mechanism for the RWA token index

Currently, TradFi don't support dividend distributions.

TradFi contracts have their own fee tier structure. For the full fee schedule, visit the Trading Fee page and select Futures > TradFi.Your VIP level is determined by your asset balance or trading volume over the past 30 days, and the highest level reached across all trading types applies. Designated market maker (DMM/MM/TMM) discounts are available upon separate application and are not included in the standard published fee schedule.