These limits would be lifted once the five minutes have concluded. Pre-openWhat is Pre-open? Pre-open is a listing mechanism that allows users to place orders in advance before trading officially begins for a spot trading pair.During the pre-open period, orders are collected but no trades are executed.

They have a maximum term of five years and use a funding rate mechanism to keep the contract price anchored to the underlying index price.How are Stock X-Perps different from buying shares? When you trade an OKX X-Perp, you are trading a derivative contract that tracks the economic performance of the underlying share. You do not own the share. You do not receive shareholder rights, voting rights, or dividends.

Suppose your initial order price is $110,609.90, the price step is set at 1%, and you allow up to five safety orders.