OKX (formerly OKEx) enables traders to simultaneously hold both long and short positions on the same contract through its Dual-Position Mode. This advanced feature allows independent calculation of opposing positions, making it ideal for hedging, arbitrage, or multi-strategy trading. Below is a comprehensive guide to mastering this functionality.
Why Hold Both Long and Short Contracts Simultaneously?
Many traders encounter scenarios where maintaining opposing positions provides strategic advantages:
- Hedging volatility while maintaining trend exposure
- Managing risk exposure with different leverage levels
- Arbitrage opportunities across timeframes or correlated assets
- Preserving core positions while taking counter-trend trades
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Step-by-Step: Activating Dual-Position Mode on OKX
Prerequisites
- Zero open positions/pending orders
- Sufficient account balance
Activation Process
- Navigate to [Contract Trading] → Click the Settings icon
- Select [Position Mode] → Switch from "One-Way" to "Dual-Position"
- Confirm the change when prompted
Key Notes:
- Applies to all supported contracts under the account
- Requires manual confirmation for each mode switch
- Positions opened before switching remain unaffected
Practical Application of Dual Positions
Once activated, you can:
| Action | Example Scenario |
|--------|------------------|
| Open independent long/short | BTC/USDT: 3 long contracts + 5 short contracts |
| Separate liquidation prices | Long position liquidates at $25k while short remains active |
| Custom SL/TP per position | Set 5% TP on longs while running 10% trailing stop on shorts |
Pro Tips for Effective Dual Positioning
Risk Management
- Monitor shared margin between positions
- Avoid over-leveraging opposing positions
Strategic Clarity
- Define whether positions are for:
✓ Hedging
✓ Multi-timeframe strategies
✓ Discrete profit targets
- Define whether positions are for:
Operational Best Practices
- Test with small positions initially
- Use limit orders to enter precise levels
- Regularly rebalance exposures based on market conditions
FAQ: Dual-Position Mode Explained
Q: Can I switch modes with open positions?
A: No—you must close all positions and cancel pending orders first.
Q: Are fees different for dual positions?
A: Fees remain unchanged, but margin requirements may increase.
Q: How does funding work with opposing positions?
A: Each position receives/pays funding independently based on its direction.
Q: Best strategy for beginners?
A: Start with 1:1 hedge ratios at low leverage (2-5x).
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