Yield Basis is a DeFi protocol that aims to turn crypto into productive assets using an original Automatic Market Making mechanism without impermanent loss.
Last price
0.3807 USDT
Trading volume
159.76M USDT
Conversion time
Oct 15, 2025, 19:30
0.3807 USDT
Trading volume
159.76M USDT
Delivery time
Oct 15, 2025, 19:30
YB status
- Prepare for pre-market tradingPre-market trading for YB will start on Oct 12, 2025, 15:00.
- Pre-market trading startsTrade pre-market perpetuals for YB.
- Convert to regular perpetualsTrade converted perpetual contracts in our regular perpetual markets.
Latest announcements
OKX to support FXS crypto migration
This is a general update. Please check the availability of the listed token or product for your region in the app. According to the official plan of Frax Finance, OKX will support the FXS crypto migration to FRAX at a 1:1 ratio as per the following schedule: Futures FXSUSDT perpetual futures will be delisted at 8:00 UTC on Dec 26, 2025. Relevant orders in the order book will also be canceled...
OKX to enable automatic adjustment of several trading parameters
To enhance your trading experience, OKX will enable automatic adjustments for trading parameters on January 15, 2026. Currently, the feature will be enabled for tick size and minimum trade amount. Except in special cases, OKX will not publish announcements about tick size and minimum trade amount adjustments. Users may obtain advance notice of trading parameter adjustment plans through the Open...
OKX to adjust ELP taker eligibility
OKX will enhance the Enhanced Liquidity Program (ELP) by allowing API users to optionally take ELP liquidity via OpenAPI while introducing speed bumps for app, web, and OpenAPI to protect ELP orders, rolling out gradually effective from January 7, 2026. API users can choose whether their orders interact with ELP liquidity. Opted-in orders will face a speed bump currently set at 20 milliseconds...
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FAQ
OKX pre-market trading allows you to trade crypto that are not yet listed in our spot markets. You can participate in price discovery by trading USDT-margined pre-market perpetual contracts. When the crypto get listed for spot trading, the pre-market perpetuals contracts get converted to standard perpetual contracts. Your positions and profits will be carried over; no need for any manual operations.
1. If the new crypto gets successfully listed for spot trading:
• Pre-market trading will stop after the new crypto is listed.
• Your pre-market contracts will be converted to the standard perpetual contracts of the same crypto. Your pre-market positions and trading data will automatically carry over.
• After the conversion is complete, our standard funding rate mechanism will be adopted. You can keep holding the positions or trade them as you see fit. For detailed conversion timeline, please refer to our crypto-specific official announcement.
2. If for some reason the crypto is not listed on OKX:
• Pre-market trading for this crypto will end and all contracts will settle.
• The settlement price will be based on the crypto’s arithmetic average price for a period of time before the end of pre-market trading. It could be set at a very small value under special circumstances, for example, when market liquidity is low. For detailed settlement rules, please refer the pre-market trading terms for each crypto.
• Pre-market trading will stop after the new crypto is listed.
• Your pre-market contracts will be converted to the standard perpetual contracts of the same crypto. Your pre-market positions and trading data will automatically carry over.
• After the conversion is complete, our standard funding rate mechanism will be adopted. You can keep holding the positions or trade them as you see fit. For detailed conversion timeline, please refer to our crypto-specific official announcement.
2. If for some reason the crypto is not listed on OKX:
• Pre-market trading for this crypto will end and all contracts will settle.
• The settlement price will be based on the crypto’s arithmetic average price for a period of time before the end of pre-market trading. It could be set at a very small value under special circumstances, for example, when market liquidity is low. For detailed settlement rules, please refer the pre-market trading terms for each crypto.
• Pre-market trading start time: Please refer to the crypto-specific official announcement from OKX.
• Listing and conversion timeline: Once a new crypto is confirmed to be listed in OKX’s spot markets, we will announce in advance when the crypto’s pre-market trading will end and when the conversion to standard perpetuals will happen. It normally happens within a few hours after the crypto is listed for spot trading.
• Delisting settlement time: If the crypto isn’t listed for spot trading for some reason, we will announce in advance when the crypto’s pre-market trading will end and when the pre-market perpetual contracts will settle.
• Listing and conversion timeline: Once a new crypto is confirmed to be listed in OKX’s spot markets, we will announce in advance when the crypto’s pre-market trading will end and when the conversion to standard perpetuals will happen. It normally happens within a few hours after the crypto is listed for spot trading.
• Delisting settlement time: If the crypto isn’t listed for spot trading for some reason, we will announce in advance when the crypto’s pre-market trading will end and when the pre-market perpetual contracts will settle.
