What's perpetual futures? Perpetual futures, like expiry futures and options, are derivatives that track the price of an underlying asset. While perpetual futures work like expiry futures, they don’t have expiry dates, which means buyers and sellers can hypothetically keep their positions open perpetually — as long as their account holds enough margin to cover them. The mechanism of price convergence is another key difference between perpetual futures and expiry futures contracts.

Multiple instruments Predefined strategies: leverage more than 20+ predefined instruments, including future spreads, options, straddles, etc. Trade all sorts of spreads: carry trades (spot vs future/perp), futures spreads (future vs future/perp), call/put spreads, calendar spreads, butterfly spreads, condors, ratio spreads, diagonal spreads, back spreads. Bespoke instruments: customize your own strategies with up to 20 legs.

While trading in Spot and Futures modes, you can monitor your assets through the Position and Assets tabs on the trading screen. We've seamlessly integrated these options to improve your trading experience. They're crafted to simplify navigation and elevate user satisfaction. Positions and assets are combined in one menuHow do I filter to track my positions and assets? Users will find their positions and assets displayed together under the Positions and Assets menu.

The unified account supports various futures mode, including spot, margin, expiry futures, perpetual futures, and options . The margin modes are divided into isolated margin and cross margin. Each futures mode has its advantages, and you can choose based on your trade needs.1. Advantages of isolated margin: Position isolation reduces risk. The margin and profit and loss for each position are calculated separately.

Customizable strategies: Carry trades (spot vs future/perp), futures spreads (future vs future/perp), call/put spreads, calendar spreads, butterfly spreads, condors, ratio spreads, diagonal spreads, back spreads. Options/volatility strategies: collars, straddles, strangles, covered call, protective put, synthetic futures. Creation of synthetic currency pairs by going long one name and short another. For example, BTC/USDT vs AVAX/USDT booked atomically create a synthetic BTC/AVAX pair.

When calculating the fee level, if your spot trading volume, total volume of perpetual and expiry futures (USDT perpetual futures, USDT expiry futures, USDC perpetual futures, USDC expiry futures, crypto-margined perpetual futures, and crypto-margined expiry futures), option trading volume, spreads trading volume, and the asset amount, meet the conditions for different fee levels, you will enjoy the highest level of fee benefits, i.e., the most favorable fee rate.

Detailed usage scope can be found in the table below: Account Mode Futures mode Position Mode Margin mode Applicable Products Perpetual Futures Options (exclude simple options)Rules for reclaiming Trading bonusTrading bonus voucher expiration Each Trading bonus voucher has expiration time.

Account asset equity = cross account balance + isolated position margin + margin trading UPL + futures UPL + perpetual UPL + options value Asset equity snapshot is calculated by the actual assets and liabilities of margin trading.

Comparisons Options trading Futures trading Rights and obligations The buyer has the right, but not the obligation, to buy or sell the underlying asset after paying the premium. The seller has the obligation if the buyer choses to exercise. Both the buyer and the seller are obliged to settle a futures contract. Margin requirements The option contract seller has to pay a margin. The buyer only pays a premium, but no margin*.

To maintain a healthy cryptocurrency ecosystem and enhance project liquidity, OKX continuously monitors listed cryptocurrencies, trading pairs, and futures. Based on market performance, user feedback, and potential risks, OKX may delist certain cryptocurrencies, trading pairs, or futures.4. Airdrop crypto For the airdrop crypto that don’t support trading, you can’t trade these crypto in OKX.

Past performance is not indicative of future returns. Capital gains tax may be due. NFTs are risky investments and you may lose all your capital.

If an order fails, we'll send you an email to let you know and we'll continue to execute future orders on schedule.

Do Perpetual/Futures profits and Margin profits affect the profits in Crypto PnL analysis? Yes, the unrealized PnL and margins of crypto-based Perpetual/Futures will affect the number of positions currently held and will be included in the calculation of the PnL analysis.11. What are the average cost price and cumulative cost price? The cumulative cost price includes both unrealized PnL and realized PnL when calculating returns.

You have the option to configure the order quantity for Futures trading unit in the unit of Crypto, Contracts or USDⓈ for the USDⓈ-margined and Crypto-margined Ensure the preferred amount is correct Note: We currently don’t support the USDⓈ trading unit for USDⓈ-margined futures contracts on TradingView in single-currency margin mode to improve the overall user experience, . Instead, choose contracts or crypto as your trading unit.

How can I place spot orders under Spot / Spot and futures mode?10.1 How can I place a limit order? For more information on how to place a limit order under a spot or spot and futures mode, please read our dedicated guide.