Bitaigen Research We have compiled the full process of OKEX contract trading for you, from entry preparation, contract types to margin‑mode selection, helping beginners get started quickly and avoid common pitfalls. If you want to master detailed operations, continue reading to obtain the complete tutorial. This article will also analyze the fee structure and settlement times, helping you make more informed trading decisions.
Note for U.S. users: When trading similar derivatives on platforms that serve the U.S., you must use Binance.US rather than the global Binance platform.
OKEX Contract Trading Full Process Overview
Before engaging in contract trading on OKEX (https://www.ouyi.xin/), first understand the platform’s fee structure. Spot‑trade fees range between 0.15%‑0.10%, leverage‑borrowing rates are 0.01%‑0.098%, fiat‑currency transactions (via SEPA/SWIFT) are fee‑free, and futures (contract) trading fees fall in the 0.02%‑0.05% range.
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1. Contract Types and Settlement Cycles
OKEX offers three categories of contracts; investors can choose the appropriate product based on their view of BTC price movement and the length of time they wish to hold a position:
- Weekly contracts: settlement occurs on the nearest Friday.
- Bi‑weekly contracts: settlement occurs on the second‑nearest Friday.
- Quarterly contracts: the settlement day is the last Friday of the nearest month among March, June, September, and December, and it does not overlap with weekly or bi‑weekly contracts.
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2. Choice of Margin Mode
When creating a contract account, you need to choose between Cross Margin and Isolated Margin:
- Cross Margin: the risk and reward of all positions in the account are aggregated. After opening a position, the margin ratio must stay ≥ 100%, otherwise the system will trigger a forced liquidation.
- Isolated Margin: each contract’s long and short positions calculate margin and profit‑and‑loss independently. An order can only be submitted if the available margin for that specific contract is not lower than the margin required to open the position. Available margin may differ across contracts.
If you have no open positions or pending orders and all contract margins are zero, you can switch margin mode at any time.
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3. Order Placement and Margin Calculation
Investors first assess the bullish or bearish trend of BTC, then input the desired price and quantity based on the selected contract’s settlement cycle. Upon execution, the margin you need to pay is calculated as:
Margin = Contract value (corresponding BTC amount) ÷ Leverage multiplier
The system will only accept the order when your account equity is greater than or equal to this margin.
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4. Position and Profit‑and‑Loss Changes
- Cross Margin: account equity fluctuates with the latest trade price. Using 10× leverage, if the contract account equity falls below 10% of the required margin; using 20× leverage, if it falls below 20%, the system will force‑liquidate the corresponding position.
- Isolated Margin: the unrealized profit‑and‑loss of a single contract changes with the latest price, but the margin itself remains unchanged. When that contract’s margin ratio drops below 10% (10× leverage) or 20% (20× leverage), a forced liquidation is also triggered.
5. Adjusting Position
During the holding period, investors can close positions to lock in profit or stop loss, or they can add to the position to pursue higher returns.
6. Settlement and Clearing
When the settlement day arrives, any open contracts are settled according to the settlement index, with each point equivalent to USD 1 for closing. The resulting profit or loss is recorded in the contract account’s “Realized P&L”. If a negative‑balance (loss greater than margin) occurs, the system deducts the shortfall proportionally from accounts that have net profit on that contract. After clearing, all realized P&L is merged into the overall account balance.
7. Contract End
Once a contract has been settled and cleared, it is considered finished, and the platform will subsequently publish new contracts for trading.
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8. Contract Trading Step‑by‑Step Overview
- Assess Trend: decide whether to go long or short based on your BTC price forecast.
- Select Contract: choose the appropriate settlement cycle from weekly, bi‑weekly, or quarterly contracts.
- Set Margin Mode: pick cross margin or isolated margin according to your personal risk preference.
- Enter Price and Quantity: submit the order; the system calculates the required margin based on the chosen leverage.
- Post‑Trade Position: account equity moves with market fluctuations; monitor the margin ratio to avoid forced liquidation.
- Flexible Adjustment: you may close, stop‑loss, or add to the position at any time.
- Settlement: on the settlement day, contracts are closed at the index price, and profit‑and‑loss is recorded as realized.
- Clearing to Balance: after clearing, the profit‑and‑loss is consolidated into the available balance, ready for the next contract.
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9. Further Learning Resources
For more practical tips and case‑study analyses on OKEX contract trading, follow Bitaigen (Bitagen)’s related sections to obtain the latest tutorials and in‑depth explanations.
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