Perpetual contracts are derivative instruments that differ from traditional futures or options by having no expiration date, allowing indefinite holding periods. When trading perpetual contracts, exchanges typically charge fees. This guide explains how OKX perpetual contract fees are calculated and provides a step-by-step OKX perpetual contract trading tutorial.
How Are OKX Perpetual Contract Fees Calculated?
OKX categorizes users into regular and professional tiers based on trading volume or OKB holdings. Fee rates vary by tier and order type (maker/taker):
Regular Users:
- Maker fee: 0.015%–0.02%
- Taker fee: 0.03%–0.05%
VIP Users:
- Maker fee: -0.005%–0.01% (rebates possible)
- Taker fee: 0.03%
Fee Formulas
Coin-Margined Contracts:
Fee = Fee Rate × (Contract Multiplier × Contract Face Value × Number of Contracts / Entry Price)USDT-Margined Contracts:
Fee = Fee Rate × (Contract Multiplier × Contract Face Value × Number of Contracts × Entry Price)
Example:
For a BTC/USDT contract (face value = 0.01 BTC, multiplier = 1) at $20,000/BTC:
- Taker buys 100 contracts:
0.05% × (100 × 1 × 0.01 × 20,000) = 10 USDT - Maker sells 100 contracts:
0.02% × (100 × 1 × 0.01 × 20,000) = 4 USDT
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How to Trade OKX Perpetual Contracts
Step 1: Account Setup
- Register on OKX via mobile or email (mobile recommended for instant access).
- Complete identity verification (KYC) under "User Center."
Step 2: Fund Your Account
- Navigate to Buy Crypto > C2C to purchase USDT.
- Select a vendor, input amount, and complete payment.
Step 3: Configure Trading Settings
- Enable Single/Cross Margin Mode.
- Customize order types (limit/market) and interface layout (e.g., Pro Mode).
Step 4: Execute Trades
- Select USDT-Margined Perpetual (e.g., BTC/USDT).
- Transfer funds from Wallet to Trading Account.
Place orders:
- Buy/Long: Bet on price increase.
- Sell/Short: Bet on price decrease.
Step 5: Manage Positions
- Monitor margin, P&L, liquidation price.
- Set stop-loss/take-profit or manually close positions.
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Key Considerations
- Fees include opening/closing costs, funding rates, and vary by contract type.
- Always review OKX’s latest fee schedule before trading.
FAQ
Q: What’s the difference between maker and taker fees?
A: Makers (limit orders) pay lower/rebated fees; takers (market orders) pay higher fees.
Q: Can I reduce my OKX perpetual contract fees?
A: Yes—increase trading volume or OKB holdings to qualify for VIP tiers.
Q: How is the funding rate calculated?
A: It’s based on the gap between perpetual and spot prices, paid every 8 hours.
Q: Is leverage adjustable in OKX perpetual contracts?
A: Yes, leverage ranges from 1x–125x (varies by contract).
Q: What triggers liquidation?
A: When margin falls below maintenance level due to adverse price moves.
Q: Are demo accounts available?
A: Yes, OKX offers a testnet environment for practice trading.
Disclaimer: Trading derivatives carries risk. This content is educational and not financial advice.