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How PnL works in X-Perps?
This means unrealized losses are not just a display value — they directly affect your position risk. If unrealized losses increase and the mark price moves closer to your liquidation price, your margin buffer may shrink. In that case, you may need to add margin (where supported) or reduce your position to lower risk. If you take no action, the position may be liquidated under platform risk rules.What's realized PnL in X-Perps?Published on Apr 9, 2026Updated on Apr 20, 2026FAQForced Loan Repayment, Credit Line Liquidation and Risk Unit Terms and Conditions
Threshold Warning & Restrictions Details 90% – 100% of limit + buffer Warning Alert triggered when net or gross delta is above 90% of limit. 100% – 130% of limit + buffer Withdrawal restricted Withdrawals will be limited when delta exceeds 100%, up to 130%. Both deltas must be ≤ 90% of the limit to avoid restrictions. ≥12 hours at 100%–130% + buffer or ≥ 130% +buffer Trading frozen All open orders will be canceled; opening new positions or spot trading will be disabled.Published on Mar 12, 2025Updated on Dec 9, 2025FAQ31How does leverage work in X-Perps trading?
This is because your margin buffer is smaller relative to your position size, so less adverse price movement is needed to trigger liquidation.4. Is 10x leverage suitable for beginners? Higher leverage carries higher risk. If you're new to X-Perps, consider starting with lower leverage until you are comfortable with how margin, liquidation, and funding rates work together.5. Does leverage affect funding payments?Published on Apr 9, 2026Updated on Apr 20, 2026FAQWhat's mark price vs last price vs index price?
On our platform, mark price is used for liquidation checks and unrealized PnL calculations. This means a position may be affected by liquidation risk based on the mark price, even if the last price briefly looks different.Published on Apr 15, 2026Updated on Apr 20, 2026FAQCalculation of option's profit and loss
Options value Options value = total positions * mark price * contact multiplier * contract value P&L Unrealized profit or loss of current position P&L = (mark price - avg. open price) * total positions * contract multiplier * contract value P&L ratio P&L of long positions = (mark price – avg. open price) / avg. open price P&L of short positions = (avg. open price - mark price) / avg. open price Initial margin The initial margin for long positions is 0.Published on Jun 20, 2022Updated on Apr 1, 2025Product documentationThe official launch of the real-time settlement function for contracts
The profit shown on the position after the real-time settlement is the unrealized profit and loss from the opening of the position to the current time. 3) Settlement records: New settlement records will not be generated after real-time settlement, and historical settlement records still support query.Published on Dec 28, 2020Updated on Nov 17, 2025AnnouncementsThe official launch of the real-time settlement function for contracts
The profit shown on the position after the real-time settlement is the unrealized profit and loss from the opening of the position to the current time. 3) Settlement records: New settlement records will not be generated after real-time settlement, and historical settlement records still support query. Additionally, suppose a user holds DOTUSD perpetual swap or futures positions at 8:00 am UTC on Dec. 30, 2020.Published on Dec 29, 2020Updated on Nov 17, 2025AnnouncementsLaunch of Mark Price System for Futures Trading
Mark price will replace the latest trading price for calculating the unrealized profit and loss (UPL) of a user. It can minimize the risk of forced liquidation caused by short-term manipulation of the latest trading price B.Formula of Mark Price Mark Price = Spot index price + moving average (basis) = Spot index price + moving average [(best buy + best sell) / 2 - spot index price] Mark Price takes into account the spot index price and the moving average of basis.Published on Jan 8, 2019Updated on Nov 17, 2025AnnouncementsWhat is Proof of Reserves (PoR) user snapshot data?
When you combine the PoR snapshot of both ETH and USDC, it will be equivalent to the Unrealized Profit and Loss (UPL) of the margin position.Advanced verification method - trading equity valueWhich account mode supports margin positions?Published on Nov 17, 2023Updated on Dec 11, 2025FAQ1The official launch of the real-time settlement function for ALGOUSD, ATOMUSD and other Coin-margined Perpetual Swaps
Position: The information of "Settlement price", "Settled earnings" and "Unrealized P&L" will no longer be displayed. The profit shown on the position after the real-time settlement is the unrealized profit and loss from the opening of the position to the current time; 3.Published on Jan 12, 2021Updated on Nov 17, 2025AnnouncementsADL mechanism enhancements
The value of an Applicable Insurance Fund increases to an amount higher than the Volatile Drop Threshold plus a buffer of the greater of a. 6% of the 8 Hr Average at the time that ADL was triggered; or b. USD 10,000 (or equivalent); 2. The value of an Applicable Insurance Fund is at least USD 8,000 (or equivalent); 3. Applicable to Crypto Pre-Market Futures only: the volume of liquidation orders falls below a certain threshold, as determined by OKX.Published on Mar 5, 2025Updated on Nov 17, 2025AnnouncementsUSD-margined futures contracts FAQ
Once your changes are saved, your trading fees, unrealized PnL, funding fee, initial margin, and maintenance margin will all be calculated, paid, or received in the selected settlement currency.Published on Oct 13, 2025Updated on Feb 12, 2026FAQ6Launch of real-time settlement functionality for LTCUSD, ETCUSD and other coin-margined perpetual swaps and futures
Position: "Settlement price", "Settled earnings" and "Unrealized P&L" information will no longer be displayed. The profit shown against the position after the real-time settlement is the unrealized profit and loss from the opening of the position to the current time 3.Published on Jan 13, 2021Updated on Nov 17, 2025AnnouncementsHow do total Profit and Loss (PnL) and Grid profits work for Spot Grid?
While Grid Profits gives you a clear view of how much your bot has earned from grid trading alone, it doesn’t reflect: Unrealized gains/losses from open positions Any Earn interest Trading fees not tied to grid execution Therefore, Total PnL gives a full picture of your bot’s performance. Grid Profits is meant for reference and breakdown purposes.Published on Jun 20, 2025Updated on Nov 26, 2025FAQ56Launch of real-time settlement for USDT-margined perpetual swaps and futures
Position: "Settlement price", "Settled earnings" and "Unrealized P&L" information will no longer be displayed. The profit shown against the position after the real-time settlement is the unrealized profit and loss from the opening of the position to the current time. 3. Settlement records: New settlement records will not be generated after real-time settlement is implemented, but historical records will be supported.Published on Jan 18, 2021Updated on Nov 17, 2025Announcements