Introduction to OKX Contract Trading
OKX (formerly OKEx) has established itself as a leading platform for cryptocurrency contract trading. While its robust features attract experienced traders, newcomers often need guidance navigating the system. This comprehensive guide covers essential operations, fee structures, and step-by-step instructions with visual references.
Getting Started with Contract Trading
Account Setup Prerequisites
- Registration: Create an account via OKX official website
- Verification: Complete identity authentication in the security center
- Funding: Deposit funds and allow 30-day holding period before contract trading eligibility
👉 Start trading with OKX's secure platform
Fund Allocation Process
- Transfer USDT to spot trading to purchase desired cryptocurrencies
- Move assets to your futures contract account
- Confirm balance reflects in the contract interface
Core Trading Operations
Contract Configuration
| Setting | Recommendation |
|---|---|
| Contract Type | Weekly for short-term, Quarterly for long-term |
| Margin Mode | Isolated (beginners), Cross (advanced) |
| Leverage | 10x (new users), 20x (experienced) |
Key Considerations:
- Mainstream coins offer better liquidity than altcoins
- Adjust position size based on risk tolerance
Placing Orders
- Select "Buy/Long" (bullish) or "Sell/Short" (bearish)
- Set leverage multiplier
Choose order type:
- Limit Order: Specify exact entry price
- Market Order: Instant execution at current price
- Input position size
- Confirm trade
Terminology Clarification:
- Maker: Passive order (added to order book)
- Taker: Active order (immediately executed)
Fee Structure Analysis
Current Rate Schedule
| Contract Type | Maker Fee | Taker Fee |
|---|---|---|
| Futures | 0.02% | 0.05% |
| Perpetual | 0.015% | 0.04% |
Calculation Example:
- 10 EOS position with 10x leverage (100 EOS equivalent)
- Maker fee: 0.02 EOS (0.02%)
- Taker fee: 0.05 EOS (0.05%)
Pro Tip: Using limit orders reduces trading costs by qualifying for maker fees.
Risk Management Essentials
Protective Measures
- Set stop-loss orders for every position
- Avoid over-leveraging (≤20x recommended)
- Monitor margin ratios regularly
- Diversify across multiple contracts
👉 Master advanced risk management strategies
FAQ Section
Q1: What's the minimum deposit for contract trading?
A: No minimum, but sufficient funds must cover margin requirements and potential losses.
Q2: How often do quarterly contracts settle?
A: March, June, September, and December's last Friday at 08:00 UTC.
Q3: Can I change margin modes after opening positions?
A: Only when you have no active positions or pending orders.
Q4: Why does my order sometimes not execute immediately?
A: Limit orders require matching counterparties—adjust pricing or use market orders for instant fills.
Q5: How are funding rates calculated?
A: Rates vary by market conditions but typically occur every 8 hours in perpetual contracts.
Q6: What happens during force liquidation?
A: Positions auto-close when maintenance margin isn't met, with remaining balance returned if any.
Conclusion
This guide equips traders with fundamental OKX contract trading knowledge. Remember to:
- Start with small positions
- Prioritize risk management
- Gradually increase exposure as experience grows
- Regularly review performance metrics
Contract trading offers significant opportunities but requires disciplined execution. Utilize OKX's demo trading feature to practice strategies risk-free before committing real capital.