OKX to list perpetual futures for BZ (Brent Oil)
This is a general update. Please check the availability of the listed token or product for your region in the app.
We are pleased to announce that USDT-margined perpetual futures for BZ will be enabled at 10:00 UTC on March 24 2026. The updates will cover both the web and app interfaces as well as the API. The details are as follows:
I. Listing schedule
BZ/USDT perpetual futures trading will open at 10:00 UTC on March 24, 2026.
II. Perpetual futures trading
BZ (Brent Oil) is a major global benchmark for crude oil prices, sourced from the North Sea and widely used to price international oil trades.
Full English Name: Brent Oil
Abbreviation: BZ
Features | Details |
Underlying | BZ/USDT index |
Settlement crypto | USDT |
Face value | 0.01 |
Price quotation | 1 BZ value calculated in USDT equivalent |
Leverage | 0.01-20x |
Funding rate | clamp [Average premium index + clamp (Interest rate – Average premium index, 0.05%, -0.05%), 1.50%, -1.50%] For average premium index and interest rate calculations, refer to our product documentation |
Funding fee settlement interval | 8 hours |
Trading hours | 24/7 |
USDT-margined perpetual futures trading: OKX Perpetual Futures Trading User Agreement
Notice: The index protection mechanism will be activated for traditional asset perpetual contracts. For details, please refer to: OKX to activate the price protection mechanism for the RWA token index
III. Contract Rollover Schedule
The BZUSDT perpetual futures index price is derived from Brent Crude Oil futures contracts. As energy commodities do not have traditional spot markets, external reference prices are determined by referencing designated futures contracts. The underlying contract is rolled over from the 5th to the 10th business day of each month, during which the reference transitions from the current active contract to the next active contract.
The rollover weight allocation during the rollover period is as follows:
• 5th business day — 100% front-month contract
• 6th business day — 80% front-month, 20% next-month contract
• 7th business day — 60% front-month, 40% next-month
• 8th business day — 40% front-month, 60% next-month
• 9th business day — 20% front-month, 80% next-month
• 10th business day — 100% next-month contract (rollover complete)
Upcoming rollover schedule: BZ is currently referencing the BZM6 contract and will roll over into BZN6 in April 2026:
• 2026-04-07 5:30PM ET — 80% front-month (BZM6), 20% next-month (BZN6)
• 2026-04-08 5:30PM ET — 60% front-month, 40% next-month
• 2026-04-09 5:30PM ET — 40% front-month, 60% next-month
• 2026-04-10 5:30PM ET — 20% front-month, 80% next-month
• 2026-04-13 5:30PM ET — 0% front-month, 100% next-month (rollover complete)
BZ designated contract month codes: Jan-H, Feb-J, Mar-K, Apr-M, May-N, Jun-Q, Jul-U, Aug-V, Sep-X, Oct-Z, Nov-F, Dec-G.
OKX team
March 24, 2026