Perpetual futures and expiry futures users can get return from the rise or fall of crypto prices by going long or short. Opening a position includes: Open Long and Open Short; Closing a position includes: Close Long and Close Short. Here, we use perpetual futures as an example to demonstrate how to open and close positions.
When you anticipate the markets will rise, you can choose to go long. Here, we will use the BTCUSDT perpetual futures as an example for the operation demonstration.
Checklist
- On the App
- Open position
- call, open long
- Go to the Futures page. Tap on the trading pair box in the upper left corner, labeled BTC/USDT.
- On the new page, click the toggle button to switch trading modes— perpetual swap > USDT futures, then select BTCUSDT Perpetual.
- Select Cross/Isolated Margin > Leverage > Limit Order, enter Price > Quantity, tap Open Long > Confirm.
- put, open a short position
- Select Cross/Isolated Margin > Leverage > Limit Order, enter Price > Quantity, tap Open Short > Confirm.
- Long position, close long
- OKX perpetual futures can be closed in two pages: the trading page and the specific position page. You can choose according to your own situation.
- On the trading page, to close a long position: Select Close > Limit Order, enter Price and Quantity > Close.
- You can also choose to close your positions using the TP/SL method, which allows you to SL in time or TP promptly.
Notes
Note:
Difference between Cross Margin and Isolated Margin: In Cross Margin mode, all available balances in your account are used as position margin; in Isolated Margin mode, the margin locked at the time of order placement is the maximum loss for that position.
Leverage: The BTCUSDT perpetual futures supports up to 100x leverage. The higher the leverage, the greater the potential return, but also the higher the risk.
When opening a position, customers can set take profit and stop loss in Second Order Confirmation to mitigate risks and lock in return.
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
