What is spot margin trading?
Spot margin trading allows you to trade with borrowed funds using leverage. You can use a certain cryptocurrency as collateral to borrow additional assets and open long or short positions.
Checklist
- On the app
- Select Assets > Transfer > Select the asset which you want to transfer
- Select From: Funding ; To: Trading > Enter the desired amount > Confirm
- Open position
- Close
- Select Positions and select the specific position you want to close > select Close > Enter the price or select Market Price > Enter the desired amount > Close
- Note: customers can also choose the Take Profit(TP) and Stop Loss(SL) method to stop the position. This helps to SL or TP in a timely manner.
- Close All: If you need to quickly close all positions, Select the specific position > select Close All
- View positions
- Order inquiry
- On the main page for opening positions, select Orders > Select the order type (Eg:TP/SL) to view your current pending orders
- Note: you can also select Cancel to withdraw a pending order or select My trades > Order history to view your order history.
Notes
In unified account mode on OKX, once you open a spot margin position, the system creates a corresponding long or short position. You can track your unrealized profit or loss based on market price movements.
Borrowed assets are recorded as liabilities under your position and can’t be transferred out. To fully close (flatten) the position, you must repay the liabilities.
The annualized interest rate (APR) on interest accrued from margin trading with borrowed funds. Please note that interest is calculated and charged on an hourly basis. Learn more here.
Fund transfer
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
