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OKX Lists PEPE and BONK USDT-M Perpetual Futures

Published ·3 min read·OKX

OKX has launched perpetual futures for two of the most popular meme tokens — PEPE and BONK — as demand for meme coin derivatives continues to grow across the industry.

PEPE and BONK Perpetual Futures on OKX

OKX has listed PEPE/USDT and BONK/USDT perpetual futures contracts, responding to strong user demand for meme token derivatives. Both contracts use USDT as the settlement currency.

Contract Specifications

ParameterPEPE/USDTBONK/USDT
Contract TypePerpetualPerpetual
MarginUSDTUSDT
Max Leverage25x25x
Tick Size0.00000010.0000001
Funding Interval8 hours8 hours

Why Lower Leverage for Meme Tokens?

OKX caps meme token perpetuals at 25x leverage (vs 50x for major assets) due to the higher volatility and potential for rapid price swings. This helps reduce the risk of mass liquidations during sharp market moves.

About PEPE and BONK

PEPE is an ERC-20 meme token inspired by the Pepe the Frog internet meme, which surged to multi-billion dollar market cap in 2023-

  • BONK is Solana's first major meme token, launched via airdrop to the Solana community and closely tied to the Solana ecosystem's resurgence.

    • Trading Tips

  • Meme token funding rates can be extremely elevated during bull runs — always check before holding overnight
  • Use OKX's built-in stop-loss tool to manage downside exposure
  • Monitor open interest growth as a sentiment indicator

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