OKX Futures Contracts are derivative products settled in digital assets, allowing investors to profit from price movements by going long (buying) or short (selling). These contracts have fixed expiry dates, indicated in their names (e.g., BTCUSD-26SEP25 expires on September 26, 2025).
1. Fund Transfer
Futures contracts are categorized as Coin-Margined or USDT-Margined. To trade, transfer funds to your trading account:
App Steps:
- Tap [Assets] > [Fund Transfer].
- Select USDT (or desired coin) > [From: Funding Account] > [To: Trading Account].
- Enter amount > [Confirm].
2. Account Settings
App:
- Click the profile icon > [Account Info] > [Trading Settings].
Adjust:
- Account Mode (Isolated/Cross).
- Trade Unit (Coin, Contract, USDT for USDT-Margined; Contract/Coin for Coin-Margined).
👉 Maximize leverage efficiency
3. Going Long (Buy)
3.1 Open Long Position
- Navigate to [Trade] > Select BTC/USDT.
- Switch to [Futures] > [USDT-Margined].
Choose:
- Isolated/Cross Margin.
- Leverage (up to 125x for BTC).
- Limit Order: Enter price/quantity > [Buy/Long] > [Confirm].
Key Notes:
- Cross Margin: Uses all available funds as collateral.
- Isolated Margin: Limits loss to initial margin.
- Set Take-Profit/Stop-Loss (TP/SL) to manage risk.
3.2 Close Long Position
Options:
- Trade Page: [Close] > [Limit Order] > Enter details > [Sell/Close].
- Positions Page: Select position > [Close].
- Use TP/SL or [Market Close All] for instant liquidation.
3.3 Position Tracking
View real-time data in [Positions]:
- Entry Price: Average opening price.
- Mark Price: Used for P&L calculation (avoids price manipulation).
- Liquidation Price: Monitor margin ratio (≤100% triggers liquidation).
FAQ:
Q: What happens at contract expiry?
A: Positions settle at the hourly average spot index price before expiry.
4. Going Short (Sell)
4.1 Open Short Position
- On [Trade], select BTC/USDT > [Futures] > [USDT-Margined].
- Set Isolated/Cross, leverage, and [Sell/Short] limit order.
4.2 Close Short Position
- Trade Page: [Close] > [Limit Order] > [Buy/Close].
- Positions Page: Select position > Input price/quantity > [Close].
👉 Advanced short-selling strategies
Web Platform
1. Fund Transfer
- Click top-right [Asset Management] > [Fund Transfer].
- Select coin > [Funding Account] → [Trading Account].
2. Account Settings
Under [Trading] > [Futures], click the gear icon to set:
- Account Mode.
- Trade Unit.
3. Trading (Long/Short)
Steps mirror the App:
- Select [Futures] > [USDT-Margined].
- Choose margin type/leverage > place order.
- Close via [Positions] or TP/SL.
Pro Tip: Use Mark Price to avoid unnecessary liquidations during volatility.
Key Terms
- Leverage: Amplifies gains/losses.
- Margin Ratio: Critical for liquidation warnings.
- Expiry: Settles at index price.
FAQ:
Q: Can I adjust leverage post-trade?
A: No—leverage must be set when opening a position.
Q: Why use Cross Margin?
A: Prevents liquidation by pooling all balances as collateral.
Q: How is P&L calculated?
A: Based on (Exit Price − Entry Price) × Quantity × Contract Multiplier.