OKX futures contracts are categorized based on the margin currency. They include Crypto-margined futures, USDT-margined futures, and USDC-margined futures.
Crypto-margined (CM) futures are quoted in USD. The underlying cryptocurrency (such as BTC or ETH) is used as both the collateral asset and the settlement currency for calculating profits and losses.
Checklist
- Contract value
- Collateral asset
- Profit and loss (PnL) settlement currency
- Long position comparison
- Short position comparison
Notes
USDT-margined (UM) futures are quoted in USDT. USDT is used as both the collateral asset and the settlement currency for calculating profits and losses.
USDC-margined futures follow the same structure as USDT-margined futures. USDC is used as both the collateral asset and the settlement currency for calculating profits and losses.
What's the difference between crypto-margined (CM) futures and USDT-margined (UM) futures?
The pricing units
Details follow the official OKX help article; this page is a learning checklist, not an official mirror.
