What Are OKX Perpetual Contracts?
Perpetual contracts are derivative products settled in cryptocurrencies, allowing traders to profit from price movements by going long (buying) or short (selling). Unlike futures, these contracts have no expiry date.
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Key Features
| Feature | Description |
|---|---|
| Contract Types | Coin-margined (reverse) & USDT-margined (linear) |
| Leverage | Up to 125x for BTC/USDT contracts |
| Settlement | Continuous (no expiry) |
| Trading Pairs | BTC, ETH, and other major cryptocurrencies |
Mobile App Guide
1. Fund Transfer
Before trading, transfer assets to your trading account:
- Navigate to Assets → Fund Transfer
- Select currency (e.g., USDT)
- Transfer from Funding Account to Trading Account
- Enter amount and confirm
2. Account Configuration
- Access settings via the trading page's upper-left menu
Set:
- Account Mode (Cross/Isolated)
- Trading Unit (Coin/Contract/USDT)
- Leverage Multiplier
3. Long Position (Buy)
To open:
- Select BTC/USDT pair
- Choose Perpetual → USDT Contract
- Set order type (Limit/Market)
- Enter price/quantity
- Click Buy/Long
To close:
- Method A: Trading page → Sell/Close
- Method B: Positions tab → Select trade → Close
Pro Tip: Set stop-loss/take-profit orders when opening positions.
4. Short Position (Sell)
Follow similar steps as long positions, selecting Sell/Short instead.
Web Platform Guide
1. Fund Transfer
- Click Assets Management (top-right)
- Select Fund Transfer
- Complete transfer as in mobile app
2. Trading Interface
Access via:
- Trade → Margin Trading (top-left)
- Switch to Perpetual → USDT Contracts
- Select desired trading pair
Order Execution
- Set leverage (1-125x)
- Choose between cross/isolated margin
- Monitor positions in real-time
Risk Management
Position Monitoring:
- Track liquidation prices
- Monitor margin ratios
Order Types:
- Limit orders
- Stop-loss/take-profit
- OCO (One-Cancels-Other)
FAQ Section
Q: What's the difference between coin-margined and USDT-margined contracts?
A: Coin-margined contracts use the base currency (e.g., BTC) as collateral, while USDT contracts use USDT for all settlements.
Q: How does funding rate work?
A: Perpetual contracts use periodic payments (typically every 8 hours) to maintain price parity with spot markets.
Q: What happens during liquidation?
A: When margin ratio ≤100%, positions are automatically closed to prevent further losses.
Q: Can I adjust leverage after opening a position?
A: Yes, but this may affect your liquidation price.
Q: How are profits/losses calculated?
A: PnL = (Exit Price - Entry Price) × Position Size × Contract Multiplier.
Q: Is there a maximum position size?
A: Yes, based on your account level and available margin.
Key Advantages
- 24/7 Trading: No market closures
- High Liquidity: Tight spreads
- Advanced Tools: Depth chart, trading indicators
- Security: Institutional-grade protection
Remember: Trading derivatives involves significant risk - only trade with funds you can afford to lose.