OKX PEOPLE perpetual
PEOPLE-USDT-SWAP
As of 2026-10-15 06:14 UTC, PEOPLE-USDT-SWAP on OKX has a collected rate of -0.0118% over 8h, or -12.93% simple annualised; its collected settlement interval is 8h, with up to 20x leverage. Binance has a lower rate for longs at -17.02%.
Settled rates over the past 30 days
Settled funding for PEOPLE-USDT-SWAP
The latest 30-day window contains 90 settlements covering 720 known-period hours, with a cumulative rate of +0.5691%. The latest 12 settlements are shown below.
| Settlement time (UTC) | Rate | Rate period |
|---|---|---|
| 2026-10-15 00:00 | +0.0100% | 8h |
| 2026-10-14 16:00 | +0.0100% | 8h |
| 2026-10-14 08:00 | +0.0100% | 8h |
| 2026-10-14 00:00 | +0.0100% | 8h |
| 2026-10-13 16:00 | +0.0100% | 8h |
| 2026-10-13 08:00 | -0.0013% | 8h |
| 2026-10-13 00:00 | +0.0054% | 8h |
| 2026-10-12 16:00 | +0.0100% | 8h |
| 2026-10-12 08:00 | +0.0100% | 8h |
| 2026-10-12 00:00 | -0.0043% | 8h |
| 2026-10-11 16:00 | +0.0059% | 8h |
| 2026-10-11 08:00 | +0.0060% | 8h |
The cumulative rate sums actual settlements with known periods. Positive totals mean net payment by longs and receipt by shorts; negative totals reverse the direction. If notional value changed, multiplying the current position by this total will not reproduce account cash flows. Historical rates do not predict returns.
What does this rate mean for a 10,000 USDT position?
For PEOPLE-USDT-SWAP, 10,000 USDT of notional × -0.011811% gives 1.1811 USDT over the quoted 8h 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 PEOPLE-USDT-SWAP?
This table selects tiers by base-asset quantity in PEOPLE, not by the amount of margin deposited. The first tier starts at 0 and ends at 1800000 PEOPLE. Above that, tier 2 requires 3.0000% maintenance margin.
Contract units and calculator input
One PEOPLE-USDT-SWAP contract represents 100 PEOPLE. 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.
Further readingHow liquidation price is calculated: tiered maintenance margin and deductionsHow funding fees work: amounts, signs and settlement
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 – 1800000 base | 2.0000% | 20.00x | — |
| 2 | 1800100 – 3500000 base | 3.0000% | 15.00x | — |
| 3 | 3500100 – 5200000 base | 4.0000% | 12.50x | — |
| 4 | 5200100 – 7000000 base | 4.5000% | 11.76x | — |
| 5 | 7000100 – 8800000 base | 5.0000% | 11.11x | — |
| 6 | 8800100 – 10600000 base | 5.5000% | 10.52x | — |
| 7 | 10600100 – 12400000 base | 6.0000% | 10.00x | — |
| 8 | 12400100 – 14200000 base | 6.5000% | 9.52x | — |
| 9 | 14200100 – 16000000 base | 7.0000% | 9.09x | — |
| 10 | 16000100 – 17800000 base | 7.5000% | 8.69x | — |
| 11 | 17800100 – 19600000 base | 8.0000% | 8.33x | — |
| 12 | 19600100 – 21400000 base | 8.5000% | 8.00x | — |
| 13 | 21400100 – 23200000 base | 9.0000% | 7.69x | — |
| 14 | 23200100 – 25000000 base | 9.5000% | 7.40x | — |
| 15 | 25000100 – 26800000 base | 10.0000% | 7.14x | — |
| 16 | 26800100 – 28600000 base | 10.5000% | 6.89x | — |
| 17 | 28600100 – 30400000 base | 11.0000% | 6.66x | — |
| 18 | 30400100 – 32200000 base | 11.5000% | 6.45x | — |
| 19 | 32200100 – 34000000 base | 12.0000% | 6.25x | — |
| 20 | 34000100 – 35800000 base | 12.5000% | 6.06x | — |
| 21 | 35800100 – 37600000 base | 13.0000% | 5.88x | — |
| 22 | 37600100 – 39400000 base | 13.5000% | 5.71x | — |
| 23 | 39400100 – 41200000 base | 14.0000% | 5.55x | — |
| 24 | 41200100 – 43000000 base | 14.5000% | 5.40x | — |
| 25 | 43000100 – 44800000 base | 15.0000% | 5.26x | — |
| 26 | 44800100 – 46600000 base | 15.5000% | 5.12x | — |
| 27 | 46600100 – 48400000 base | 16.0000% | 5.00x | — |
| 28 | 48400100 – 50200000 base | 16.5000% | 4.87x | — |
| 29 | 50200100 – 52000000 base | 17.0000% | 4.76x | — |
| 30 | 52000100 – 53800000 base | 17.5000% | 4.65x | — |
| 31 | 53800100 – 55600000 base | 18.0000% | 4.54x | — |
| 32 | 55600100 – 57400000 base | 18.5000% | 4.44x | — |
| 33 | 57400100 – 59200000 base | 19.0000% | 4.34x | — |
| 34 | 59200100 – 61000000 base | 19.5000% | 4.25x | — |
| 35 | 61000100 – 62800000 base | 20.0000% | 4.16x | — |
| 36 | 62800100 – 64600000 base | 20.5000% | 4.08x | — |
| 37 | 64600100 – 66400000 base | 21.0000% | 4.00x | — |
| 38 | 66400100 – 68200000 base | 21.5000% | 3.92x | — |
| 39 | 68200100 – 70000000 base | 22.0000% | 3.84x | — |
| 40 | 70000100 – 71800000 base | 22.5000% | 3.77x | — |
| 41 | 71800100 – 73600000 base | 23.0000% | 3.70x | — |
| 42 | 73600100 – 75400000 base | 23.5000% | 3.63x | — |
| 43 | 75400100 – 77200000 base | 24.0000% | 3.57x | — |
| 44 | 77200100 – 79000000 base | 24.5000% | 3.50x | — |
| 45 | 79000100 – 80800000 base | 25.0000% | 3.44x | — |
| 46 | 80800100 – 82600000 base | 25.5000% | 3.38x | — |
| 47 | 82600100 – 84400000 base | 26.0000% | 3.33x | — |
| 48 | 84400100 – 86200000 base | 26.5000% | 3.27x | — |
| 49 | 86200100 – 88000000 base | 27.0000% | 3.22x | — |
| 50 | 88000100 – 89800000 base | 27.5000% | 3.17x | — |
| 51 | 89800100 – 91600000 base | 28.0000% | 3.12x | — |
| 52 | 91600100 – 93400000 base | 28.5000% | 3.07x | — |
| 53 | 93400100 – 95200000 base | 29.0000% | 3.03x | — |
| 54 | 95200100 – 97000000 base | 29.5000% | 2.98x | — |
| 55 | 97000100 – 98800000 base | 30.0000% | 2.94x | — |
| 56 | 98800100 – 100600000 base | 30.5000% | 2.89x | — |
| 57 | 100600100 – 102400000 base | 31.0000% | 2.85x | — |
| 58 | 102400100 – 104200000 base | 31.5000% | 2.81x | — |
| 59 | 104200100 – 106000000 base | 32.0000% | 2.77x | — |
| 60 | 106000100 – 107800000 base | 32.5000% | 2.73x | — |
| 61 | 107800100 – 109600000 base | 33.0000% | 2.70x | — |
| 62 | 109600100 – 111400000 base | 33.5000% | 2.66x | — |
| 63 | 111400100 – 113200000 base | 34.0000% | 2.63x | — |
| 64 | 113200100 – 115000000 base | 34.5000% | 2.59x | — |
| 65 | 115000100 – 116800000 base | 35.0000% | 2.56x | — |
| 66 | 116800100 – 118600000 base | 35.5000% | 2.53x | — |
| 67 | 118600100 – 120400000 base | 36.0000% | 2.50x | — |
| 68 | 120400100 – 122200000 base | 36.5000% | 2.46x | — |
| 69 | 122200100 – 124000000 base | 37.0000% | 2.43x | — |
| 70 | 124000100 – 125800000 base | 37.5000% | 2.40x | — |
| 71 | 125800100 – 127600000 base | 38.0000% | 2.38x | — |
| 72 | 127600100 – 129400000 base | 38.5000% | 2.35x | — |
| 73 | 129400100 – 131200000 base | 39.0000% | 2.32x | — |
| 74 | 131200100 – 133000000 base | 39.5000% | 2.29x | — |
| 75 | 133000100 – 134800000 base | 40.0000% | 2.27x | — |
| 76 | 134800100 – 136600000 base | 40.5000% | 2.24x | — |
| 77 | 136600100 – 138400000 base | 41.0000% | 2.22x | — |
| 78 | 138400100 – 140200000 base | 41.5000% | 2.19x | — |
| 79 | 140200100 – 142000000 base | 42.0000% | 2.17x | — |
| 80 | 142000100 – 143800000 base | 42.5000% | 2.15x | — |
| 81 | 143800100 – 145600000 base | 43.0000% | 2.12x | — |
| 82 | 145600100 – 147400000 base | 43.5000% | 2.10x | — |
| 83 | 147400100 – 149200000 base | 44.0000% | 2.08x | — |
| 84 | 149200100 – 151000000 base | 44.5000% | 2.06x | — |
| 85 | 151000100 – 152800000 base | 45.0000% | 2.04x | — |
| 86 | 152800100 – 154600000 base | 45.5000% | 2.02x | — |
| 87 | 154600100 – 156400000 base | 46.0000% | 2.00x | — |
Contract specification
Quote currency: USDT · Settlement currency: USDT · Settlement interval: 8h (00:00 · 08:00 · 16:00 UTC). Lot size uses the venue’s original order unit; the calculator takes base-asset quantity. Settlement intervals and times on every venue.
The same asset elsewhere
| Venue | Contract | Rate period | Annualised |
|---|---|---|---|
| Binance | PEOPLEUSDT | 8h | -17.02% |
| OKX this page | PEOPLE-USDT-SWAP | 8h | -12.93% |
| Gate | PEOPLE_USDT | 8h | -10.07% |
| Bybit | PEOPLEUSDT | 8h | +6.52% |
| Aster | PEOPLEUSDT | 8h | +10.95% |
| Bitget | PEOPLEUSDT | 8h | +10.95% |
| Hyperliquid | PEOPLE | 1h | +10.95% |
Common questions
What is the OKX PEOPLE funding rate?
The latest collected OKX PEOPLE funding rate is -0.0118% per 8h rate period, or -12.93% simple annualised. At this rate shorts pay longs.
How often is funding charged on OKX PEOPLE?
The collected settlement interval is 8h, normally 3 times a day. Settlements fall at 00:00, 08:00 and 16:00 UTC, the same times in UTC+8. Venues can change it again; confirm the next settlement time on the venue's contract page.
What is the maximum leverage on OKX PEOPLE?
The collected leverage cap for OKX PEOPLE is 20x, with 87 margin tiers shown. The first margin tier, up to 1800000 PEOPLE, allows 20x; the second allows 15x.
What is the maintenance margin rate on OKX PEOPLE?
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.
Which venue has the lowest PEOPLE funding cost for longs?
For a long position, Binance currently has the lowest rate at -17.02% annualised; this page's OKX is at -12.93%. Negative funding pays longs. Trading costs are excluded, and the cash-flow direction reverses for shorts.
What has OKX PEOPLE funding paid over the past 30 days?
Settlements over the past 30 days annualise to +6.92% across 90 settlements, 17% of which were negative (shorts paying). That is what already happened, not a forecast.
Observation time and verification
This contract’s funding was observed at 2026-10-15 06:14 UTC; an unsettled quote may still change. A dash denotes missing usable data, not zero. OKX official data source · Funding methodology
History coverage for this contract
90 settlements are available, covering 720 known-period hours, from 2026-09-15 08:00 to 2026-10-15 00:00 UTC. Annualisation uses those covered hours; a full 30-day record is not implied.