OKX to convert SPCXUSDT Pre-IPO contract to standard equity perpetual futures
OKX will convert the SPCXUSDT Pre-IPO contract to standard equity perpetual futures within the window of 13:00 – 18:00 UTC on June 12, 2026. The exact conversion time depends on when the stock actually begins trading. Trading will not be suspended during the conversion, and your position quantity remains unchanged through the conversion. If the conversion is postponed beyond this window, OKX will publish a separate announcement.
Post-conversion contract specifications
Specification | Detail |
Underlying | SPCX/USDT index |
Settlement currency | USDT |
Face value | 1 SPCX |
Price quotation | Quoted in USDT per 1 SPCX |
Tick size | 0.01 |
Funding rate | clamp [ ( Average premium index + clamp ( Interest rate − Average premium index, 0.05%, −0.05% ) ) / ( 8 / N ), 1.0%, -1.0% ] N = the contract's funding settlement interval, in hours For average premium index and interest rate calculations, refer to our product documentation |
Funding fee settlement | 8 hours |
Trading hours | 24/7 |
Contract type | Perpetual futures |
Please note that position tiers may be adjusted after the conversion based on liquidity and market conditions, without separate notice.
Prices may be highly volatile around the IPO. Please manage your positions and risk exposure carefully.
Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty or any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to OKX Terms of Service and Risk & Compliance Disclosure for more information.
For any inquiries, please feel free to contact us via OKX Support Center or connect with us on any platform of your choice.
OKX team
Jun 12, 2026