When trading cryptocurrencies on OKEx, understanding the distinction between the sell reference price and the actual receivable amount is crucial for accurate profit calculations and risk management. This guide breaks down their differences, operational contexts, and practical implications.
Core Definitions
Sell Reference Price
The estimated price displayed when placing a sell order, calculated based on:
- Current market depth (order book liquidity)
- Historical volatility trends
- Weighted moving averages
Actual Receivable Amount
The final value credited to your account after order execution, influenced by:
- Slippage (difference between expected and executed price)
- Trading fees (0.08%–0.10% for makers/takers)
- Network fees (for blockchain withdrawals)
Key Differences
| Factor | Sell Reference Price | Actual Receivable Amount |
|---|---|---|
| Timing | Pre-trade estimation | Post-trade confirmation |
| Volatility Impact | Static snapshot | Dynamic market fluctuations |
| Fee Inclusion | Excluded | Automatically deducted |
Why This Matters
Risk Assessment
- Reference prices help set stop-loss/take-profit levels preliminarily.
- Actual amounts determine real P&L for tax reporting.
Liquidity Considerations
- Large orders (>5 BTC) may experience significant slippage, widening the gap between reference and actual values.
Arbitrage Opportunities
- Traders exploit discrepancies between reference prices across exchanges (e.g., OKEx vs. Binance).
Operational Scenarios
Case Study: TRX/USDT Trade
- Reference Price: 0.082 USDT
- Executed Price: 0.0815 USDT (0.6% slippage)
- Fees: 0.1% taker fee
- Actual Receivable:
(1000 TRX × 0.0815) × (1 - 0.001) = 81.37 USDT
Pro Tips to Minimize Discrepancies
✅ Use Limit Orders
Avoid unexpected slippage by setting fixed prices.
✅ Monitor Depth Charts
Check the order book’s liquidity before large trades.
✅ Adjust for Fees
Manually subtract estimated fees from reference prices.
FAQ
Q: Does OKEx show real-time receivable amounts during order placement?
A: No—only post-trade confirmations reflect actual amounts.
Q: How often do reference prices update?
A: Every 2 seconds based on market data feeds.
Q: Can I dispute execution prices?
A: Only if technical errors occur (e.g., system outages).
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Updated: May 2025
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