Introduction
OKX (formerly OKEx) is a leading global cryptocurrency exchange offering various trading modes, including spot, fiat, and contract trading. This guide focuses on mastering contract trading—a powerful tool for experienced investors seeking leveraged exposure to crypto markets.
Getting Started with OKX Contracts
1. Market Analysis & Position Selection
Assess Bitcoin's price trends to determine long/short positions. OKX offers three contract types:
- Weekly (expires nearest Friday)
- Bi-weekly (next Friday)
- Quarterly (last Friday of March/June/Sept/Dec)
👉 Discover optimal leverage strategies
2. Order Execution
Execute trades by selecting:
- Entry price
- Contract quantity
- Leverage (1x-125x available)
Minimum equity must cover margin requirements post-trade.
3. Margin Modes
Choose between:
| Mode | Characteristics |
|---|---|
| Cross | Shared margin across all positions |
| Isolated | Separate margin per position |
Switch modes only with zero active positions.
4. Position Management
After execution:
- Monitor unrealized P&L
- Adjust leverage dynamically
- Set stop-loss/take-profit orders
Key Contract Trading Rules
Trading Schedule
24/7 trading except during:
- Weekly settlements (Friday 16:00 UTC+8)
- Last 10 minutes before expiry (close-only mode)
Order Types
| Type | Purpose |
|---|---|
| Limit | Specify exact price/quantity |
| Market | Instant execution at best price |
Position Limits
Maximum 6 open positions:
- Long/Short for Weekly/Bi-weekly/Quarterly contracts
- Exchange-imposed anti-manipulation restrictions apply
Advanced Strategies
Risk Management Essentials
- Start with lower leverage (5x-10x)
- Allocate <10% of capital per trade
- Use staggered take-profit levels
👉 Master professional hedging techniques
Settlement Process
- Automatic position closure at expiry
- Profit/loss calculation via settlement index
- Funds transferred to "Realized P&L"
FAQ Section
Q: What's the minimum capital for OKX contracts?
A: No fixed minimum; depends on contract value and leverage.
Q: How are liquidations handled?
A: Positions auto-close when margin <10% (10x) or <20% (20x).
Q: Can I roll over contracts before expiry?
A: Yes, manually close and reopen new positions.
Q: What's the main risk with leverage?
A: Amplified losses—never risk more than you can afford.
Q: Are there tax implications?
A: Varies by jurisdiction; consult local regulations.
Pro Tips for Success
- Practice with paper trading first
- Analyze fee structures carefully
- Combine technical/fundamental analysis
- Avoid emotional trading during volatility
Disclaimer: Contract trading carries substantial risk. This content is educational only and not financial advice.