OKX to list perpetual futures for XCU and CL

Published on Mar 4, 20264 min read

This information may not apply to all customers

to check if the products, features, rules, and terms in this article apply to you.

This is a general update. Please check the availability of the listed token or product for your region in the app.

We are pleased to announce that USDT-margined perpetual futures for XCU and CL will be enabled at 12:00 - 12:15 UTC on March 4 2026. The updates will cover both the web and app interfaces as well as the API. The details are as follows:

I. Listing schedule

XCU/USDT perpetual futures trading will open at 12:00 UTC on March 4, 2026.
CL/USDT perpetual futures trading will open at 12:15 UTC on March 4, 2026.

II. Perpetual futures trading
Copper is an essential industrial metal used worldwide. Copper prices are followed in financial markets around the globe and the metal is growing in popularity.

Full English Name: Copper
Abbreviation: XCU

Features	Details
Underlying	XCU/USDT index
Settlement crypto	USDT
Face value	1
Price quotation	1 XCU value calculated in USDT equivalent
Leverage	0.01-20x
Funding rate	clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation
Funding fee settlement interval	8 hours If the funding rate of a perpetual future reaches the funding fee cap or floor when funding fee is charged or paid, the perpetual’s funding fee settlement period will automatically be adjusted to hourly settlement. Learn more from our product documentation
Trading hours	24/7

NYMEX WTI Crude Oil futures (CL) is the world’s most liquid crude oil contract.

Full English Name: Crude Oil
Abbreviation: CL

Features	Details
Underlying	CL/USDT index
Settlement crypto	USDT
Face value	0.1
Price quotation	1 CL value calculated in USDT equivalent
Leverage	0.01-20x
Funding rate	clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation
Funding fee settlement interval	8 hours If the funding rate of a perpetual future reaches the funding fee cap or floor when funding fee is charged or paid, the perpetual’s funding fee settlement period will automatically be adjusted to hourly settlement. Learn more from our product documentation
Trading hours	24/7

USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement

Notice: The index protection mechanism will be activated for traditional asset perpetual contracts. For details, please refer to: OKX to activate the price protection mechanism for the RWA token index

III. Contract Rollover Schedule
The XCUUSDT and CLUSDT perpetual futures index price is derived from respective futures contracts. As commodities do not have traditional spot markets, external reference prices are determined by referencing designated futures contracts.The underlying contract is rolled over from the 5th to the 10th business day of each month, during which the reference transitions from the current active contract to the next active contract.

The rollover weight allocation during the rollover period is as follows:
• 5th business day — 100% front-month contract
• 6th business day — 80% front-month, 20% next-month contract
• 7th business day — 60% front-month, 40% next-month
• 8th business day — 40% front-month, 60% next-month
• 9th business day — 20% front-month, 80% next-month
• 10th business day — 100% next-month contract (rollover complete)

The current active contracts and upcoming rollover schedule are as follows:

XCUUSDT (Copper) is currently referencing the HGK6 contract and will roll into HGN6
• 2026-04-08 5:30PM ET — 80% front-month (HGK6), 20% next-month (HGN6)
• 2026-04-09 5:30PM ET — 60% front-month, 40% next-month
• 2026-04-10 5:30PM ET — 40% front-month, 60% next-month
• 2026-04-13 5:30PM ET — 20% front-month, 80% next-month
• 2026-04-14 5:30PM ET — 0% front-month, 100% next-month (rollover complete)

CLUSDT (Crude Oil) is currently referencing the CLK6 contract and will roll into CLM6.
• 2026-04-08 5:30PM ET — 80% front-month (CLK6), 20% next-month (CLM6)
• 2026-04-09 5:30PM ET — 60% front-month, 40% next-month
• 2026-04-10 5:30PM ET — 40% front-month, 60% next-month
• 2026-04-13 5:30PM ET — 20% front-month, 80% next-month
• 2026-04-14 5:30PM ET — 0% front-month, 100% next-month (rollover complete)

XCU & CL designated contract month codes: Jan-F, Feb-G, Mar-H, Apr-J, May-K, Jun-M, Jul-N, Aug-Q, Sep-U, Oct-V, Nov-X, Dec-Z

OKX team
March 4, 2026