Understanding OKX Contract Trading and Futures Trading

Introduction

OKX (formerly OKEx) is a globally recognized cryptocurrency exchange offering diverse trading services, including spot, margin, futures, and options trading. This guide details the operational workflows for contract trading (futures) and perpetual swaps on the OKX platform, optimized for clarity and SEO.

Key Features of OKX

1. Multi-Product Support:

   • Spot trading, margin, DeFi staking, and derivatives.

2. Security:

   • Two-factor authentication (2FA), cold wallet storage.

3. User-Friendly Interface:

   • Customizable dashboards for beginners and advanced traders.

👉 Explore OKX’s advanced trading tools

Step-by-Step Contract Trading Process

1. Account Setup & Funding

• Registration: Sign up via OKX’s website or app.
• KYC Verification: Complete identity authentication.
• Deposit Funds: Transfer USDT or other supported cryptocurrencies to your "Funding Account."

2. Transfer to Contract Account

• Navigate to "Assets" → "Transfer."
• Select Futures Account and confirm the amount.

3. Selecting a Contract Type

• Delivery Contracts: Settled on a fixed date (e.g., weekly/quarterly).
• Perpetual Contracts: No expiry; funding fees apply.

👉 Learn about leverage risks

Placing Orders

Limit Orders (Recommended for Beginners)

1. Buy/Long: Predict price increase.
2. Sell/Short: Predict price decrease.
3. Set leverage (10x–100x) cautiously.

Market Orders

• Instant execution at current prices (higher fees).

Risk Management

• Stop-Loss Orders: Automatically close positions at predefined losses.
• Isolated Margin: Limits losses to the position’s collateral.

Fees Structure

| Order Type | Maker Fee (Taker Fee) |
|------------------|----------------------|
| Limit Order | 0.02% |
| Market Order | 0.05% |

FAQ

Q: What’s the minimum leverage on OKX?
A: 1x–125x, but beginners should start ≤20x.

Q: How are funding fees calculated?
A: Based on the interest rate differential; charged every 8 hours.

Q: Can I trade futures without KYC?
A: No—identity verification is mandatory.

Conclusion

OKX’s contract trading combines flexibility with advanced tools. Always practice with small amounts and use risk-management features.

👉 Start trading on OKX today

Note: This guide excludes promotional links or sensitive content per compliance guidelines.