OKX Exchange (formerly OKEx) is a globally leading digital currency exchange and one of the most renowned digital asset service platforms. It offers diverse services including spot trading, contract trading, ETT portfolio trading, and OTC trading across web, mobile, and PC platforms.
Understanding OKX Contract Fees
Fee Structure for Perpetual Contracts
- Maker Fees: 0.02%–0.015%
- Taker Fees: 0.05%–0.03%
- Funding Rate: Charged every 12 hours (10:00 & 22:00 UTC) based on the formula:
Funding Rate = Clamp(MA((Futures Mid Price - Spot Index Price)/Spot Index Price + Interest), -0.25%, 0.25%)
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Calculating Realized P&L
- Long Positions:
(Contract Value / Settlement Price - Contract Value / Avg Close Price) × Position Size
Example: Buying 2 BTC contracts at $500 and selling 1 at $1000 yields 0.1 BTC profit. - Short Positions:
(Contract Value / Avg Close Price - Contract Value / Settlement Price) × Position Size
Example: Selling 10 BTC contracts at $500 and buying back 8 at $1000 results in -0.8 BTC loss.
Unrealized P&L Formula
- Long:
(Contract Value / Settlement Price - Contract Value / Mark Price) × Open Position - Short:
(Contract Value / Mark Price - Contract Value / Settlement Price) × Open Position
Step-by-Step Contract Trading Guide
- Log in → Navigate to [Trade] → Select [Margin & Contract Trading].
- Transfer Funds: Move assets from [Funding Account] to [Trading Account].
- Select Contract: Search for your desired coin pair and contract type.
- Open Position: Choose cross/isolated margin → Execute buy/sell orders.
- Monitor Positions: Track active trades under [Positions] tab.
- Close Positions: Settle trades when profit targets are met.
- Check Margin Ratio: View in [Assets] section during open positions.
FAQs About OKX Contracts
Q: What’s the difference between maker and taker fees?
A: Makers (limit orders) pay lower fees for adding liquidity, while takers (market orders) incur higher fees for removing liquidity.
Q: How often is funding rate applied?
A: Every 12 hours—only if you hold positions during the calculation window.
Q: Can I reduce my trading fees?
A: Yes! 👉 Explore VIP tier discounts based on 30-day trading volume.
Q: Is leverage adjustable after opening a position?
A: No, leverage must be set when initiating the trade and cannot be modified mid-position.
Q: How does OKX calculate unrealized P&L?
A: It reflects paper gains/losses using the latest mark price vs your entry price.
Q: What happens if my margin ratio drops too low?
A: Positions may be liquidated. Always monitor required margin levels.