1 month ago
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Key Takeaways
- SHEIN/USDT began trading at 07:00 UTC.
- The contract remains open through weekends.
- Off-hours prices use a guarded reference.
- A perpetual is not a share.
- Funding and gaps can magnify losses.
OKX opened trading in the SHEIN/USDT perpetual futures contract at 07:00 UTC on September 2. The product is USDT-margined, runs 24/7 and normally settles funding every eight hours. OKX says the funding rate is capped at plus or minus 1%, though it can move to hourly settlement if that cap or floor is reached.
Shein’s Hong Kong shares had made their market debut only a day earlier. The contract now lets eligible OKX users go long or short after the cash market closes, when holders of the actual shares must wait for the next HKEX session.
The perpetual opened while Shein shares still traded
The timing matters. Hong Kong is eight hours ahead of U...
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