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What's mark price vs last price vs index price?
X-Perps trading uses multiple price references. Understanding the difference is important because different functions may rely on different prices.What's last price? The last price is the price of the most recent executed trade in the market. It's useful for: seeing recent trade activity charting and short-term market behaviourWhat's index price? The index price is a reference price derived from...Published on Apr 15, 2026Updated on Apr 20, 2026FAQFutures Trading Fee Waived for 7 Days
Dear valued customers, The fees for Futures trading will be waived for 7 days: from 00:00 Apr 1 to 23:59 Apr 7,2018 (Hong Kong Time). Please note that during this period, your futures trading volume will not be taken into consideration in determining your trading fee tier (please see here for fee schedule). Instead, we will take the data of the previous 7 days when calculating your 30-day trading volume. Thank you for your understanding. Regards, OKX 13:00 Apr 1, 2018Published on Apr 1, 2018Updated on Nov 17, 2025AnnouncementsMulti-currency margin mode vs. Portfolio margin mode
MMR = Sum of USD value of each risk unit derivatives MMR + Borrowing MMR Derivatives MMR = Max {[Max (Spot shock, Theta decay risk, Extreme move) + Basis risk + Vega risk + Interest rate risk + Stablecoin depegging risk], Adjusted minimum charge} mmr Initial margin requirement (IMR) 1.3 × MMR Risk factor (MR) Derivative margin calculates 7 risks (MR1-6 and MR9) by stress testing the portfolio under a specific set of market conditions of each risk unit, and then applying a minimum charge (MR7).Published on Apr 13, 2023Updated on Jul 9, 2025Product documentationHow do I create passkeys? (app)
If you want to create your passkey with your current device, select Continue and complete the biometric authentication/PIN code on your device Select Continue to create a passkey with your current device 7.Published on Aug 16, 2023Updated on Apr 20, 2026FAQ13,063[Update 7 Dec] New information regarding the delisting of some Simple Earn fixed products
OKX will delist some of the Simple Earn fixed products on December 8 , 2023, at 03:00 (UTC). The product details are as follows: Crypto Terms Tezos(XTZ), OKTC Token( OKT), Ontology( ONT), SKALE(SKL) and Stacks(STX) 3 days 15 days 30 days 60 days 90 days 120 days You will continue to receive daily rewards until the delisting date. Afterwards, your principal will either be re-invested into Simple...Published on Dec 7, 2023Updated on Nov 17, 2025AnnouncementsHow do I link an authenticator app?
It's also available on other major app stores, including Huawei AppGallery, Xiaomi App Store, OPPO App Store, and vivo App Store. If Microsoft Authenticator isn't available in the app store on your device, try installing one of the app stores listed above first, then download it from there.How to link the authenticator app to your OKX account? Once the app is downloaded, you'll need to link it to your OKX account.Published on Aug 29, 2023Updated on Apr 16, 2026FAQ16,156How do I start trading X-Perps on OKX?
It covers: Placing a trade from the chart Placing a trade from the order panel Choosing limit vs market Setting take-profit / stop-loss (TP/SL) Reviewing liquidation price Cancelling an order if you change your mindBefore you place an X-Perps order Please make sure: The product is available to your account and region Your suitability assessment is completed (required before accessing X-Perps) You have selected the correct X-Perps contract Your funds are in the correct account path (most setups requirePublished on Apr 9, 2026Updated on Apr 22, 2026FAQHow do I enable allowlist? (app)
For example, if you make a transaction at 7:00 am UTC July 4, 2024, the verification period will be extended to 7:00 am UTC August 3, 2024. Permanent: The allowlist is initially valid for 30 days. You can manually change it to permanent by clicking 30 days > Permanent. Withdrawals to a permanent no-verification address will skip verification every time.Published on Aug 14, 2023Updated on Apr 17, 2026FAQ1,916Why was my X-Perps order rejected?
Verify your available margin and account type (Funding vs Trading). Review order size, price, and trigger parameters. Check whether any risk-control or regional restrictions apply. Adjust the order and try again, if appropriate. If the issue continues, contact OK Assistant and share the details (product / contract, timestamp, order type, and a screenshot or error message if available) with our Customer support. To learn more about OKX products, visit here.Published on Apr 9, 2026Updated on Apr 23, 2026FAQHow do I withdraw and transfer funds between my Funding and Trading accounts for X-Perps?
Before placing an order, review: which account currently holds your funds (Funding vs Trading) whether your balance is marked as available for trading whether any funds are tied to open orders or positions whether a transfer between accounts is required and has been completedHow do I withdraw funds from my X-Perps account? Withdrawals on OKX are handled through the Withdraw flow and are typically initiated from the Funding account.On the app Go to Assets / Portfolio Select Withdraw.Published on Apr 9, 2026Updated on Apr 21, 2026FAQOption Margin
Margin) Buy to Close positions (Short)2 Max (Order Price - Position IMR, 0) MMR MMR (Long) N/A1 MMR (Short Call) c * Margin Factor + Mark Price MMR (Short Put) max(c, c*Mark Price) * Margin Factor4 + Mark Price Index BTCUSD ETHUSD a 0.1 0.1 b 0.15 0.15 Min Open Order Margin 0.1 0.1 c 0.03 0.05 Margin Factor /trade-market/position/option Note: *Long options do not require IMR/MMR due to the fact customers pay the full premium for the position **The difference between an existing short option position vsPublished on Jun 20, 2022Updated on Jun 20, 2025Product documentationHow does leverage work in X-Perps trading?
Before using leverage, you should still consider: Position size Margin mode (portfolio margin, selected vs isolated) Stop-loss or exit plan Available margin buffer Volatility conditions Funding rate impacts on the position over time A smaller, more controlled position is often easier to manage than a larger position with aggressive leverage.Practical reminders before using leverage in X-Perps Before placing a leveraged X-Perps order, review the following: Selected leverage level (up to 10x availablePublished on Apr 9, 2026Updated on Apr 22, 2026FAQX-Perps fees overview: trading fees, funding, and other costs
If your result looks different than expected, check below in your app: executed entry and exit details fees charged on executions funding payments (if applicable) time held vs relevant funding settlement times partial fills or partial closesImportant note Fee schedules, funding rates, and applicable product mechanics can change over time and may vary by product, account status, region, and platform configuration. To learn more about OKX products, visit here.Published on Apr 9, 2026Updated on Apr 22, 2026FAQTrading Mechanism
For partially filled orders, only the unfilled remainder can be cancelled; the filled portion cannot be reversed.Buy/Sell Mode vs. Open/Close Mode Event Contracts support both Open/Close Mode and Buy/Sell Mode. Open/Close Mode: Within the same event contract market, users can simultaneously hold both Up and Down positions. For example, holding 5 Up and 6 Down contracts at the same time. Full margin is required for all held contracts: margin for 5 Up contracts + margin for 6 Down contracts.Published on Apr 8, 2026Updated on Apr 16, 2026Product documentationGet started with OKX Options
Please be mindful of the account risk as liquidation could be very costly too. 5.1 Isolated vs Cross In any single-currency/multi-currency/PM account, you can choose to place orders as an isolated or cross position. Isolated means this position is separated from other positions. In Single/Multi-currency, long option positions could only be placed as isolated positions as it is free of liquidation.Published on Oct 9, 2023Updated on Feb 20, 2026Product documentation