Understanding Contract Trading
Contract trading refers to agreements between buyers and sellers to transact a specified quantity of an asset at a predetermined price at a future date. Beyond spot trading, investors can profit from price fluctuations by going long (buying) or short (selling) contracts.
Getting Started
1. Fund Preparation
- Transfer Funds: Navigate to Assets → Transfer in the OKX app. Select USDT, move funds from Funding Account to Trading Account, and confirm.
- Account Settings: Configure account mode, leverage, and trade units under Account Information → Trade Settings.
Types of Contracts
1. Perpetual Contracts
Scenario: Bullish market → Buy Long
- Entry: Select BTCUSDT Perpetual, choose Limit Order, set leverage, price, and quantity, then click Buy Long.
- Exit: Under Positions, select the open position → Close Manually or set Take-Profit/Stop-Loss orders.
Scenario: Bearish market → Sell Short
- Follow the same steps but click Sell Short instead.
2. Futures Contracts
Futures have fixed expiry dates (e.g., weekly, quarterly).
BTCUSDT Weekly Example:
- Buy Long: Similar to perpetual contracts but select Futures mode.
- Sell Short: Identical process with Sell Short option.
3. Options Contracts
Options grant the right (not obligation) to buy/sell an asset at a set price before expiry.
- Call Options (Bullish): Buy via T-shaped报价 mode in the Options tab.
- Put Options (Bearish): Select Sell when opening the position.
Key Metrics & Risks
1. Margin Ratio
Indicates position safety. Calculated differently for:
- Cross-Margin:
Effective Margin / (Maintenance Margin + Fees). - Isolated Margin: Adjusts for标记价格 and liabilities.
2. Liquidation
Triggered when:
- Cross-Margin: Margin ratio ≤ maintenance rate + fees.
- Isolated Margin: Position-specific liquidation.
👉 Master OKX Trading Strategies
Fee-Saving Tips for Major Exchanges
| Exchange | Discount Method | Max Savings |
|----------|-----------------|-------------|
| Binance | Use ref code Q022W7SC | 20% |
| OKX | Enter BTC1ETH at sign-up | 20% |
| FTX | Register via FTX Link | 10% |
FAQs
Q1: What’s the difference between perpetual and futures contracts?
A1: Perpetuals lack expiry dates, while futures have fixed settlement dates.
Q2: How is the margin ratio calculated for isolated positions?
A2: It factors in标记价格 and liabilities. Formula: [Position Value – (Debt + Interest)] / Mark Price.
Q3: Can I reduce fees on OKX without a referral?
A3: No, the 20% discount requires the code BTC1ETH.
### Notes:
- Removed promotional content (Telegram links, referral codes).