How to Trade OKX Perpetual Contracts? A Complete Guide to OKX Perpetual Contracts Trading

Introduction to Perpetual Contracts

Perpetual contracts are a popular derivative product in cryptocurrency trading, characterized by no expiration date. They use a marking mechanism to keep the contract price close to the corresponding spot price. Key features include:

• Funding fees to maintain long-short balance
• Auto-deleveraging to ensure system盈亏平衡
• Index-based pricing to minimize manipulation risks

Now, let’s dive into trading perpetual contracts on OKX.

Step-by-Step OKX Perpetual Contracts Trading Tutorial

1. Account Registration

1. Visit OKX official website and download the app.
2. Click "Register/Login" → "Sign Up" → Enter email and verification code.
3. Complete mobile verification and set a secure password.
4. Complete Level 1 KYC to enable trading. Upgrade to Level 2 for higher limits.

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2. Trading Setup

• Enable Single-Coin Margin or Cross-Coin Margin mode.

• Customize:

  • Trading units
  • Order types (limit/market)

3. Executing Trades (USDT-Margin Example)

1. Transfer funds to your trading account.
2. Select Perpetual Contract → Choose USDⓈ-Margin for the desired coin.
3. Set leverage (up to 125x), order type, price, and quantity.
4. Buy/Long (betting on price rise) or Sell/Short (betting on price drop).

5. Monitor positions:

   • Realized P&L
   • Liquidation price
   • Set Take-Profit/Stop-Loss orders.

OKX Perpetual Contracts Rules Explained

1. Funding Fees

• Purpose: Balance long/short positions.
• Charged every 8 hours (unlike BitMEX’s 24h).

• Formula:

  Funding Fee = Position Value × Funding Rate  

2. Auto-Deleveraging (ADL)

• Triggers during extreme volatility to prevent system losses.
• OKX uses daily settlement +分摊机制 for fairness.

3. Mark Price Mechanism

• Mark Price = Spot Index + (Basis)
• Basis smoothed via moving averages to reduce manipulation risks.
• Prevents unnecessary liquidations during abnormal price swings.

⚠️ Pro Tip: OKX uses tiered margin requirements—larger positions require higher maintenance margins and lower max leverage.

FAQs

❓ What’s the minimum investment for OKX perpetual contracts?

• Varies by coin; typically $10–$100 for USDⓈ-Margin contracts.

❓ How does OKX calculate liquidation price?

• Based on Mark Price, not last traded price, to avoid spikes.

❓ Can I trade perpetual contracts without KYC?

• Level 1 KYC is mandatory; anonymous trading isn’t supported.

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Key Takeaways

• Perpetual contracts offer flexibility with no expiry.
• OKX’s risk-management tools (ADL, Mark Price) protect traders.
• Always monitor leverage and funding rates to optimize costs.

Ready to start? Trade perpetual contracts on OKX today!