How to Trade Contracts on OKX: A Comprehensive Guide

Understanding Contract Trading

Contract trading is an agreement between buyers and sellers to receive a specified quantity of assets at a predetermined price at a future date. Unlike spot trading, contract trading allows investors to profit from both rising (long) and falling (short) markets.

Perpetual Contracts vs. Delivery Contracts

1. Perpetual Contracts:

   • No expiration date.
   • Settled in USDT or the base currency (e.g., BTC).

2. Delivery Contracts:

   • Fixed settlement dates (weekly, quarterly).
   • Physically or cash-settled.

Step-by-Step Trading Process

1. Preparation

• Fund Transfer:
  Navigate to [Assets] → [Transfer], select USDT, and move funds from [Funding Account] to [Trading Account].

👉 Learn more about account setup

• Account Settings:
  Configure [Account Mode], [Trading Unit], and leverage under [Transaction Settings].

2. Trading Perpetual Contracts

Opening a Long Position (Bullish)

1. Select [BTCUSDT Perpetual] under [USDT Contract].
2. Choose [Open Position] → [Limit Order].
3. Set leverage, price, and quantity. Click [Buy to Open Long].

Closing a Long Position

• On the [Positions] page, select the position and click [Close].
• Use [Stop Loss/Take Profit] to automate exits.

Short Selling (Bearish)

Similar to long positions but click [Sell to Open Short].

3. Delivery Contracts Example

• BTCUSDT0806 Weekly Contract:
  Follow the same steps as perpetual contracts. Key differences:

  • Fixed expiry date.
  • Lower funding rates.

👉 Master delivery contracts

4. Options Trading

Call Options: Profit from price increases.
Put Options: Profit from price drops.

Buying a Call Option

1. Navigate to [Options] → [BTC].
2. Select expiry and strike price.
3. Set order type (limit/market) and execute.

Reducing Trading Fees

1. OKX Fee Discounts

• Normal Users: Tiered by OKB holdings.
• Professional Users: Discounts based on 30-day trading volume.

Max Discount: 20% (Use code BTC1ETH during signup).

2. Binance Fee Savings

Register via referral links to lower fees (e.g., code Q022W7SC).

FAQ

Q: What’s the minimum contract size on OKX?

A: Varies by pair (e.g., 0.001 BTC for BTCUSDT).

Q: How is leverage calculated?

A: Leverage multiplies exposure but also risk. Start with 5–10x.

Q: Can I trade options with USDT?

A: Yes. OKX supports USDT-settled options.

Pro Tip: Use limit orders to avoid slippage in volatile markets.

For advanced strategies, join our Telegram community: @btcethcool.