OKX NIGHT perpetual
NIGHT-USDT-SWAP
As of 2026-10-01 00:00 UTC, NIGHT-USDT-SWAP on OKX has a collected rate of -0.0226% over 4h, or -49.60% simple annualised; its collected settlement interval is 4h, with up to 20x leverage.
What does this rate mean for a 10,000 USDT position?
For NIGHT-USDT-SWAP, 10,000 USDT of notional × -0.022648% gives 2.2648 USDT over the quoted 4h rate period: longs receive and shorts pay. This is a constant-rate illustration, not a settled bill or a forecast. Use the actual settlement rate and notional at each settlement; leverage is not multiplied again. Trading fees are separate.
How do I select the margin tier for NIGHT-USDT-SWAP?
This table selects tiers by base-asset quantity in NIGHT, not by the amount of margin deposited. The first tier starts at 0 and ends at 600000 NIGHT. Above that, tier 2 requires 3.0000% maintenance margin.
Contract units and calculator input
One NIGHT-USDT-SWAP contract represents 100 NIGHT. Order lot size is expressed in the venue’s original unit. The liquidation calculator expects base-asset quantity; do not enter a contract count without converting units.
Settled history is not currently available for this contract. The latest funding snapshot cannot establish the actual funding cost over the past 30 days.
Maintenance margin ladder
No deduction · An isolated-margin estimate for linear contracts; excludes closing fees, accrued funding, auto-added margin and other positions.
| Tier | Range | Maintenance rate | Max leverage | Deduction |
|---|---|---|---|---|
| 1 | 0 – 600000 base | 2.0000% | 20.00x | — |
| 2 | 600100 – 1200000 base | 3.0000% | 15.00x | — |
| 3 | 1200100 – 1800000 base | 4.0000% | 12.50x | — |
| 4 | 1800100 – 2400000 base | 4.5000% | 11.76x | — |
| 5 | 2400100 – 3000000 base | 5.0000% | 11.11x | — |
| 6 | 3000100 – 3600000 base | 5.5000% | 10.52x | — |
| 7 | 3600100 – 4200000 base | 6.0000% | 10.00x | — |
| 8 | 4200100 – 4800000 base | 6.5000% | 9.52x | — |
| 9 | 4800100 – 5400000 base | 7.0000% | 9.09x | — |
| 10 | 5400100 – 6000000 base | 7.5000% | 8.69x | — |
| 11 | 6000100 – 6600000 base | 8.0000% | 8.33x | — |
| 12 | 6600100 – 7200000 base | 8.5000% | 8.00x | — |
| 13 | 7200100 – 7800000 base | 9.0000% | 7.69x | — |
| 14 | 7800100 – 8400000 base | 9.5000% | 7.40x | — |
| 15 | 8400100 – 9000000 base | 10.0000% | 7.14x | — |
| 16 | 9000100 – 9600000 base | 10.5000% | 6.89x | — |
| 17 | 9600100 – 10200000 base | 11.0000% | 6.66x | — |
| 18 | 10200100 – 10800000 base | 11.5000% | 6.45x | — |
| 19 | 10800100 – 11400000 base | 12.0000% | 6.25x | — |
| 20 | 11400100 – 12000000 base | 12.5000% | 6.06x | — |
| 21 | 12000100 – 12600000 base | 13.0000% | 5.88x | — |
| 22 | 12600100 – 13200000 base | 13.5000% | 5.71x | — |
| 23 | 13200100 – 13800000 base | 14.0000% | 5.55x | — |
| 24 | 13800100 – 14400000 base | 14.5000% | 5.40x | — |
| 25 | 14400100 – 15000000 base | 15.0000% | 5.26x | — |
| 26 | 15000100 – 15600000 base | 15.5000% | 5.12x | — |
| 27 | 15600100 – 16200000 base | 16.0000% | 5.00x | — |
| 28 | 16200100 – 16800000 base | 16.5000% | 4.87x | — |
| 29 | 16800100 – 17400000 base | 17.0000% | 4.76x | — |
| 30 | 17400100 – 18000000 base | 17.5000% | 4.65x | — |
| 31 | 18000100 – 18600000 base | 18.0000% | 4.54x | — |
| 32 | 18600100 – 19200000 base | 18.5000% | 4.44x | — |
| 33 | 19200100 – 19800000 base | 19.0000% | 4.34x | — |
| 34 | 19800100 – 20400000 base | 19.5000% | 4.25x | — |
| 35 | 20400100 – 21000000 base | 20.0000% | 4.16x | — |
| 36 | 21000100 – 21600000 base | 20.5000% | 4.08x | — |
| 37 | 21600100 – 22200000 base | 21.0000% | 4.00x | — |
| 38 | 22200100 – 22800000 base | 21.5000% | 3.92x | — |
| 39 | 22800100 – 23400000 base | 22.0000% | 3.84x | — |
| 40 | 23400100 – 24000000 base | 22.5000% | 3.77x | — |
| 41 | 24000100 – 24600000 base | 23.0000% | 3.70x | — |
| 42 | 24600100 – 25200000 base | 23.5000% | 3.63x | — |
| 43 | 25200100 – 25800000 base | 24.0000% | 3.57x | — |
| 44 | 25800100 – 26400000 base | 24.5000% | 3.50x | — |
| 45 | 26400100 – 27000000 base | 25.0000% | 3.44x | — |
| 46 | 27000100 – 27600000 base | 25.5000% | 3.38x | — |
| 47 | 27600100 – 28200000 base | 26.0000% | 3.33x | — |
| 48 | 28200100 – 28800000 base | 26.5000% | 3.27x | — |
| 49 | 28800100 – 29400000 base | 27.0000% | 3.22x | — |
| 50 | 29400100 – 30000000 base | 27.5000% | 3.17x | — |
| 51 | 30000100 – 30600000 base | 28.0000% | 3.12x | — |
| 52 | 30600100 – 31200000 base | 28.5000% | 3.07x | — |
| 53 | 31200100 – 31800000 base | 29.0000% | 3.03x | — |
| 54 | 31800100 – 32400000 base | 29.5000% | 2.98x | — |
| 55 | 32400100 – 33000000 base | 30.0000% | 2.94x | — |
| 56 | 33000100 – 33600000 base | 30.5000% | 2.89x | — |
| 57 | 33600100 – 34200000 base | 31.0000% | 2.85x | — |
| 58 | 34200100 – 34800000 base | 31.5000% | 2.81x | — |
| 59 | 34800100 – 35400000 base | 32.0000% | 2.77x | — |
| 60 | 35400100 – 36000000 base | 32.5000% | 2.73x | — |
| 61 | 36000100 – 36600000 base | 33.0000% | 2.70x | — |
| 62 | 36600100 – 37200000 base | 33.5000% | 2.66x | — |
| 63 | 37200100 – 37800000 base | 34.0000% | 2.63x | — |
| 64 | 37800100 – 38400000 base | 34.5000% | 2.59x | — |
| 65 | 38400100 – 39000000 base | 35.0000% | 2.56x | — |
| 66 | 39000100 – 39600000 base | 35.5000% | 2.53x | — |
| 67 | 39600100 – 40200000 base | 36.0000% | 2.50x | — |
| 68 | 40200100 – 40800000 base | 36.5000% | 2.46x | — |
| 69 | 40800100 – 41400000 base | 37.0000% | 2.43x | — |
| 70 | 41400100 – 42000000 base | 37.5000% | 2.40x | — |
| 71 | 42000100 – 42600000 base | 38.0000% | 2.38x | — |
| 72 | 42600100 – 43200000 base | 38.5000% | 2.35x | — |
| 73 | 43200100 – 43800000 base | 39.0000% | 2.32x | — |
| 74 | 43800100 – 44400000 base | 39.5000% | 2.29x | — |
| 75 | 44400100 – 45000000 base | 40.0000% | 2.27x | — |
| 76 | 45000100 – 45600000 base | 40.5000% | 2.24x | — |
| 77 | 45600100 – 46200000 base | 41.0000% | 2.22x | — |
| 78 | 46200100 – 46800000 base | 41.5000% | 2.19x | — |
| 79 | 46800100 – 47400000 base | 42.0000% | 2.17x | — |
| 80 | 47400100 – 48000000 base | 42.5000% | 2.15x | — |
| 81 | 48000100 – 48600000 base | 43.0000% | 2.12x | — |
| 82 | 48600100 – 49200000 base | 43.5000% | 2.10x | — |
| 83 | 49200100 – 49800000 base | 44.0000% | 2.08x | — |
| 84 | 49800100 – 50400000 base | 44.5000% | 2.06x | — |
| 85 | 50400100 – 51000000 base | 45.0000% | 2.04x | — |
| 86 | 51000100 – 51600000 base | 45.5000% | 2.02x | — |
| 87 | 51600100 – 52200000 base | 46.0000% | 2.00x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 4h. Lot size uses the venue’s original order unit; the calculator takes base-asset quantity.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| OKX this page | NIGHT-USDT-SWAP | 4h | -49.60% |
| Bybit | NIGHTUSDT | 4h | -45.36% |
| Binance | NIGHTUSDT | 4h | -3.21% |
| Aster | NIGHTUSDT | 4h | +2.26% |
| Bitget | NIGHTUSDT | 4h | +10.95% |
| Bybit | NIGHTPERP | 4h | +10.95% |
| Gate | NIGHT_USDT | 8h | +10.95% |
Common questions
What is the OKX NIGHT funding rate?
The latest collected OKX NIGHT funding rate is -0.0226% per 4h rate period, or -49.60% simple annualised. At this rate shorts pay longs.
How often is funding charged on OKX NIGHT?
The collected settlement interval is 4h, normally 6 times a day. Venues can change it; confirm the next settlement time on the contract page.
What is the maximum leverage on OKX NIGHT?
The collected leverage cap for OKX NIGHT is 20x, with 87 margin tiers shown. The first margin tier, up to 600000 NIGHT, allows 20x; the second allows 15x.
What is the maintenance margin rate on OKX NIGHT?
The first tier requires 2.0000%, with 87 available tiers. The applicable requirement depends on the position’s tier. This venue applies no deduction: maintenance margin = notional × the rate of the tier the position falls in.
Observation time and verification
This contract’s funding was observed at 2026-10-01 00:00 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology