As part of its ongoing commitment to enhancing market efficiency and user experience, OKX has announced the delisting of several trading instruments involving RNDR, including perpetual futures and margin trading pairs. These changes are designed to optimize liquidity management and ensure a safer, more stable trading environment for all users.
This article outlines the full timeline, implications, and necessary actions traders should take ahead of these updates. Whether you're currently holding positions or planning future trades, understanding these adjustments is crucial for risk mitigation and portfolio continuity.
Perpetual Futures Delisting Schedule
Starting July 9, 2024, between 8:00 and 9:00 AM UTC, OKX will officially delist the RNDRUSDT perpetual futures contract. Once delisted:
- All open orders related to this pair will be automatically canceled.
- Active positions will be settled via delivery at the arithmetic average price of the OKX index over the one hour preceding delisting (i.e., from 7:00 to 8:00 AM UTC).
- The funding rate at 8:00 AM UTC on the day of delisting will be set to 0%, meaning no funding fees will be charged during that cycle.
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Important Risk Management Notes
Given the potential for increased volatility in the lead-up to delisting, traders are strongly advised to:
- Reduce leverage exposure
- Close positions proactively
- Avoid entering new trades close to the deadline
Additionally, users holding positions valued above $10,000 USD at the time of delivery will face a 30-minute withdrawal restriction immediately following delisting. This measure helps maintain system stability during settlement.
After this brief hold period, asset transfers will resume normally. Historical order records and billing statements will remain accessible through the Report Center on the OKX platform for data backup purposes.
Adjustments to Price Limit Rules
To ensure orderly trading and prevent abnormal price movements during the final stages, OKX has implemented dynamic adjustments to its price limit mechanism:
| Time Before Delivery | X (%) | Y (%) | Z (%) |
|---|---|---|---|
| 48 hours | 2 | 2 | 5 |
| 30 minutes | 1 | 1 | 2 |
The formula used to calculate price limits is as follows:
Within first 10 minutes after contract generation:
- Highest: Index × (1 + X)
- Lowest: Index × (1 – X)
After 10 minutes:
- Highest: Min[Max(Index, Index × (1 + Y) + Average premium over past 10 min), Index × (1 + Z)]
- Lowest: Max[Min(Index, Index × (1 – Y) + Average premium over past 10 min), Index × (1 – Z)]
Note: If significant deviations occur between index and market prices, OKX reserves the right to adjust final delivery pricing to reflect fair market value.
These safeguards help minimize slippage and manipulation risks during critical transition periods.
Margin Trading Pair Discontinuation
OKX will also phase out RNDR/USDT margin trading with a two-stage process:
| Feature | Date & Time (UTC) |
|---|---|
| Cease Borrowing Function | July 1, 2024, 8:00 AM |
| Full Delisting & Order Cancellation | July 8, 2024, 8:00–9:00 AM |
During the delisting window:
- Margin trading and flexible loans for RNDR/USDT will be suspended.
- Open margin orders will be canceled.
- Users must repay all outstanding borrowings and remove collateral before the cutoff.
Failure to do so may trigger forced repayment mechanisms, which could result in losses—especially if market conditions shift rapidly.
Traders are urged to monitor their positions closely and exit trades well in advance to avoid penalties or liquidation events.
Discount Rate Adjustment for RNDR
In multi-currency cross-margin accounts, digital assets are converted into USD equivalents using discount rates that reflect each asset’s liquidity and volatility profile.
Effective immediately, OKX has revised the discount structure for RNDR:
| Tier (USD Value) | Previous Discount Rate | New Discount Rate |
|---|---|---|
| $0 – $50,000 | 50% | 0% |
| Above $50,000 | Not applicable | 0% |
This means RNDR will no longer contribute to margin value in cross-margin accounts. The change reflects reduced market depth and increased risk associated with the asset.
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Frequently Asked Questions (FAQ)
Q: What happens to my open RNDRUSDT perpetual position after delisting?
A: Your position will be automatically delivered at the average index price from 7:00 to 8:00 AM UTC on July 9. No further trading or funding will occur after that.
Q: Can I still withdraw funds after my position is delivered?
A: Yes—but if your position exceeds $10,000 USD in value at delivery, withdrawals will be locked for 30 minutes post-delisting.
Q: Will I be charged funding fees on the day of delisting?
A: No. The funding rate at 8:00 AM UTC will be set to 0%, and no funding payments will be processed.
Q: Do I need to repay my RNDR loan before borrowing stops on July 1?
A: Yes. You must fully repay any borrowed amounts and release collateral before July 8, 8:00 AM UTC, or face forced repayment.
Q: Why was the RNDR discount rate set to zero?
A: Due to declining market liquidity and higher volatility, OKX has adjusted risk parameters to protect users and maintain platform stability.
Q: Where can I access my trade history after delisting?
A: All records remain available in the Report Center on the OKX website. You can download transaction logs anytime.
Final Recommendations
Market changes like delistings require proactive management. To protect your capital:
- Review all active RNDR-related positions
- Exit trades early to avoid congestion
- Repay loans and reclaim collateral
- Back up essential trading data
Platforms continuously evolve to meet regulatory, liquidity, and risk standards—staying informed ensures you stay in control.
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