OKX Set to Transition MON Crypto Futures to Perpetual Contracts

In a strategic move to enhance trading efficiency, OKX has announced the conversion of its MON pre-market futures to standard perpetual futures. Scheduled to take place between 15:00 and 18:00 UTC on November 24, 2025, this transition aims to provide a more streamlined trading experience for users, as reported by OKX.

Details of the Transition

The upcoming change will affect both the web and mobile app interfaces, in addition to API access. The modified futures will be based on the MON/USDT index, with USDT as the settlement currency. Traders will benefit from a face value of 10 and a price quotation reflecting the value of 1 MON in USDT equivalent. The tick size is set at 0.00001, with leverage options ranging from 0.01x to 50x.

Funding rates will be calculated using a complex formula, including the average premium index and interest rate, clamped between 1.50% and -1.50%. The funding interval is set at every four hours, and trading will be available 24/7.

Position Limits and Risk Management

OKX has outlined tiered position limits to manage trading risks effectively. These tiers allow a maximum of 10,000 contracts for Tier 1, with a Maximum Margin Requirement (MMR) of 1.00% and an Initial Margin Requirement (IMR) of 2.00%. The maximum leverage for this tier is 50.00. Higher tiers offer increased contract limits but also require higher margin percentages. These tiers may be adjusted post-conversion based on liquidity and market conditions without prior notice.

About Monad

Monad, the underlying blockchain for MON, is a Layer 1 blockchain designed to enhance scalability while maintaining compatibility with the Ethereum Virtual Machine (EVM). This compatibility ensures that Monad can support a wide range of decentralized applications and smart contracts.

Traders are advised to stay informed about the potential changes in position tiers and market conditions. OKX emphasizes the importance of conducting thorough research and assessing personal risk appetite before engaging in digital asset trading.

For more detailed information, traders can refer to OKX's comprehensive product documentation and other resources available on their platform.