How to calculate OKX contract rate

The OKX contract rate for a futures contract is determined by the underlying asset's spot price, the futures contract's delivery date, and the interest rate (financing rate).

Nov 16, 2024 at 02:46 am

How to Calculate OKX Contract Rate

OKX contract rate is the price at which a futures contract is traded on the OKX exchange. It is determined by the underlying asset's spot price, the futures contract's delivery date, and the interest rate.

Steps to Calculate OKX Contract Rate:

Identify Underlying Asset: Determine the underlying asset for the futures contract you are interested in. For example, if you are interested in the BTC futures contract, the underlying asset is Bitcoin (BTC).
Find Spot Price: Obtain the current spot price of the underlying asset from a reliable source, such as CoinMarketCap or Binance. The spot price is the price at which the underlying asset is currently trading in the spot market.
Determine Delivery Date: Futures contracts have a specific delivery date, which is the date on which the underlying asset is delivered to the buyer. Check the contract specifications to find the delivery date for the contract you are interested in.
Locate Interest Rate: The interest rate used in calculating the contract rate is called the financing rate. You can find the financing rate for the specific futures contract on the OKX website or in the contract specifications.
Apply Formula: Once you have gathered the necessary information, you can use the following formula to calculate the contract rate:

Contract Rate = Spot Price + (Financing Rate x Days to Delivery / 365)

Example Calculation:

Suppose you want to calculate the contract rate for the ETH futures contract with a delivery date of June 30th. The current spot price of ETH is $1,200, the financing rate is -0.01%, and there are 30 days until the delivery date.

Using the formula:

Contract Rate = $1,200 + (-0.01% x 30 / 365) = $1,200 - $0.0026 = $1,199.994

Therefore, the contract rate for the ETH futures contract with a delivery date of June 30th is $1,199.994.

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