Bitaigen Research 
OKX (cryptocurrency exchange) v6.158.1 Official Android App
- Category: Banking & Finance
- Size: 376.03 MB
- Language: Simplified Chinese (original UI)
- Last updated: 2026‑02‑11
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In this article we systematically outline the key points for getting started with OKX contract trading, covering account preparation, order‑placement workflow, and fee calculation with illustrated step‑by‑step screenshots. The guide is aimed at beginners who want to quickly start trading while avoiding common pitfalls. Continue reading for a complete walkthrough of the operational details and fee structure.
How OKX Contract Trading Fees Are Calculated
Contract fees are charged based on the notional position size. Using a Level 1 (LV1) user’s rate for delivery (settlement) contracts as an example, the maker (limit‑order) fee is 0.02 % and the taker (market‑order) fee is 0.05 %. Suppose you trade 1 EOS with 10× leverage; a full‑size position would be 10 EOS. The opening fee would therefore range between 0.002 EOS and 0.005 EOS, and the closing fee follows the same rule, depending on the actual executed volume.
- Fully taker (market) order: fee ≈ 0.005 EOS.
- Fully maker (limit) order: fee ≈ 0.002 EOS.
- Mixed taker/maker: fee falls between 0.002 EOS and 0.005 EOS.
Taker refers to an order that actively matches with an existing order on the opposite side of the book.
Maker refers to an order that is placed into the order book and waits to be matched passively.
Below are the fee tables for two contract types, provided for reference:
Delivery (Settlement) Contracts
Perpetual Contracts
Note: Contract size = face value × number of contracts / average execution price × fee rate; Coin amount = number of coins opened × fee rate.
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How to Trade Contracts on OKX
Before you can start contract trading, you must first register an OKX account and complete real‑name verification (KYC). Visit the official site at https://www.okb.com/ and follow the on‑screen instructions to finish the registration process. After your first fiat deposit, you need to hold a minimum amount of a supported cryptocurrency for at least one month before the contract feature is unlocked. Beginners are advised to first become familiar with the spot‑trading interface; once you have a basic grasp of the platform’s operation, you can then explore futures contracts, which are classified as high‑risk products.
After registration, locate the Real‑Name Verification entry under the OKEX section on the left‑hand menu and complete the identity check. Then go to the Security Center to set a trading password and other security options to protect your account.
When your funds are ready, transfer USDT from the fiat (e.g., USD via SEPA/SWIFT) account to the spot account, purchase the target cryptocurrency, and finally move it into the delivery‑contract account. At this point the contract trading page will display the available leverage options. Buy to open long indicates a bullish view, while Sell to open short indicates a bearish view. You can then place a contract order.
Overview of Key Operational Steps
- Fund Transfer
An OKX account consists of several sub‑accounts (e.g., My Wallet, Spot Account, Contract Account, Fiat Account). If the cryptocurrency you purchased does not appear in the Spot Account, it means the asset is still residing in the Fiat Account and must be transferred manually. Contract trading requires moving the relevant assets into the Contract Account. Example path: click 1 → Delivery Contract Account → Transfer Amount → Confirm.
- Enter the Contract Trading Interface
After logging in, select Contract Trading from the left‑hand navigation to reach the main page.
- Choose the Contract Type
In the pop‑up list, click Delivery Contracts, then pick either Weekly Contracts (suitable for short‑term trading) or Quarterly Contracts (suitable for medium‑to‑long‑term positions). For the underlying asset, prioritize major cryptocurrencies to ensure sufficient liquidity.
- Set Contract Parameters
This step is critical; an incorrect configuration can trigger liquidation. Main options include:
- Quote Currency: default is USD.
- Trading Unit: corresponds to the selected cryptocurrency.
- Margin Mode: it is recommended to use Isolated Margin, which only locks margin for the current position and offers more controllable risk. Cross Margin (full‑margin) pools the entire account balance as margin and is intended for experienced traders.
- Leverage: beginners may start with 10× leverage and consider increasing to 20× after gaining familiarity.
- Open a Position (Limit Order)
In the trading panel click Open Position. Choose Buy to Open Long for a bullish stance or Sell to Open Short for a bearish stance. Then set the leverage, input the price (or select “counterparty price”), specify the quantity, and confirm to submit the order.
- Best Bid and Best Ask refer to the highest buying price and lowest selling price currently on the order book.
- Counterparty Price is the best available price on the opposite side of the market; when using this method you only need to enter the quantity, and the system will automatically match the latest counterparty price.
After execution, completed orders appear under Positions, while any unfilled portion resides in Open Orders, where you can cancel before it is matched. Use the arrow on the right‑hand side to expand the market window and view the futures candlestick chart; it is advisable to monitor short‑term timeframes such as 30 minutes, 1 hour, and 4 hours.
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Illustrated OKX Contract Trading Tutorial
The following step‑by‑step screenshots illustrate the entire workflow from fund transfer to order placement, helping you get up to speed quickly.
1️⃣ Fund Transfer
From the left‑hand menu select My Wallet → Delivery Contract Account → Transfer, enter the amount you wish to move, and confirm.
2️⃣ Open the Contract Trading Page
Click Contract Trading on the left sidebar to access the main interface.
3️⃣ Select Contract Type
In the dialog choose Delivery Contracts, then decide between Weekly or Quarterly contracts based on your strategy.
4️⃣ Configure Trading Parameters
Verify the quote currency, trading unit, margin mode, and leverage level.
5️⃣ Submit a Limit Order
Enter the desired price or pick “counterparty price”, set the quantity, then click Buy to Open Long or Sell to Open Short to place the order.
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That concludes the comprehensive operational guide for OKX contract trading. For additional practical tips, the latest platform updates, or related articles, feel free to follow Bitaigen (比特根) and explore other content on the site.
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