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What's mark price vs last price vs index price?
X-Perps trading uses multiple price references. Understanding the difference is important because different functions may rely on different prices.What's last price? The last price is the price of the most recent executed trade in the market. It's useful for: seeing recent trade activity charting and short-term market behaviourWhat's index price? The index price is a reference price derived from...Published on Apr 15, 2026Updated on Aug 5, 2026FAQTradFi X-Perps vs Real Stocks FAQ
Are OKX TradFi X-Perps the same as real stocks? No. OKX X-Perps are expiry future contracts that track the economic performance of an underlying share, ETF, or commodity reference. When you trade an X-Perp on AAPL, TSLA, or NVDA, you don't own Apple, Tesla, or Nvidia shares. You hold a derivative position linked to the price movement of the underlying share.Do I own the underlying share when I...Published on Jun 9, 2026Updated on Aug 13, 2026FAQMulti-currency margin mode vs. Portfolio margin mode
Additionally, the delta position from spot assets can be included in the corresponding risk units For example, BTC spot assets in an account can be included in a BTC-USD or BTC-USDT risk unit for delta risk offsetting.Example of multi-currency margin mode vs. portfolio margin mode Note: Values are simulated using the position builder on 6th Feb 2025 Large delta neutral positions (favorable when in portfolio margin mode) Assets 10 BTC Positions BTCUSD-14Feb25 Futures: -35,000 contracts BTCUSDT PerpsPublished on Apr 13, 2023Updated on Aug 5, 2026Product documentationSpot Fees comparison: X-Perps account vs Regular account
Our fees differ for users in Europe (UE/EEA) who have opened their derivatives (X-Perps) account and for users who haven't opened a derivatives (X-Perps) account. On this page you can find the fee difference for users of different tiers and the fees for both account options and compare the costs per tier. Your VIP level is determined based on your total accounts assets in EUR or your 30-day...Published on May 18, 2026Updated on Aug 5, 2026AnnouncementsHow do I start trading X-Perps on OKX?
It covers: Placing a trade from the chart Placing a trade from the order panel Choosing limit vs market Setting take-profit / stop-loss (TP/SL) Reviewing liquidation price Cancelling an order if you change your mindBefore you place an X-Perps order Please make sure: The product is available to your account and region Your suitability assessment is completed (required before accessing X-Perps) You have selected the correct X-Perps contract Your funds are in the correct account path (most setups requirePublished on Apr 9, 2026Updated on Aug 5, 2026FAQ1Why was my X-Perps order rejected?
Verify your available margin and account type (Funding vs Trading). Review order size, price, and trigger parameters. Check whether any risk-control or regional restrictions apply. Adjust the order and try again, if appropriate. If the issue continues, contact OK Assistant and share the details (product / contract, timestamp, order type, and a screenshot or error message if available) with our Customer support. To learn more about OKX products, visit here.Published on Apr 9, 2026Updated on Aug 5, 2026FAQHow do I track the cost price of my spot trades?
Please wait patiently — once the data repair is complete, the system will automatically display the correct asset valuation and the banner at the top of the page will disappear on its own. No further action is needed.Why does my asset valuation fluctuate? The asset valuation shown in your account balance is for reference only. It fluctuates based on the price movements of your selected display currency — your actual holdings remain unchanged.Published on Sep 5, 2024Updated on Aug 5, 2026FAQ30How do I withdraw and transfer funds between my Funding and Trading accounts for X-Perps?
Before placing an order, review: which account currently holds your funds (Funding vs Trading) whether your balance is marked as available for trading whether any funds are tied to open orders or positions whether a transfer between accounts is required and has been completedHow do I withdraw funds from my X-Perps account? Withdrawals on OKX are handled through the Withdraw flow and are typically initiated from the Funding account.On the app Go to Assets / Portfolio Select Withdraw.Published on Apr 9, 2026Updated on Aug 5, 2026FAQ1What should I do if I accidentally deposit crypto that OKX doesn't support?
Why is there no valuation after a token is delisted? Once a token is delisted, it can no longer be traded on the platform, so its valuation will not be displayed. If you hold a delisted token, your total asset valuation will decrease accordingly. These tokens will later be categorized under Untradable Assets. You can use the withdrawal function for untradable assets (as mentioned earlier) to transfer them to another platform that supports the token.4.Published on Sep 26, 2023Updated on Aug 5, 2026FAQ2,062How to trade X-Perps on OKX
For more details on each order type, see Basic order types .Index Price vs. Last Price vs. Mark Price Index price measures the fair spot price of the underlying asset. It's typically calculated as a weighted average of spot prices from major exchanges, which keeps the index representative and reduces the impact of anomalous price moves on a single exchange. Last price is the most recent traded price of the contract.Published on Jul 24, 2026Updated on Aug 5, 2026Product documentationHow does leverage work in X-Perps trading?
Before using leverage, you should still consider: Position size Margin mode (portfolio margin, selected vs isolated) Stop-loss or exit plan Available margin buffer Volatility conditions Funding rate impacts on the position over time A smaller, more controlled position is often easier to manage than a larger position with aggressive leverage.Practical reminders before using leverage in X-Perps Before placing a leveraged X-Perps order, review the following: Selected leverage level (up to 10x availablePublished on Apr 9, 2026Updated on Aug 5, 2026FAQ2X-Perps fees overview: trading fees, funding, and other costs
If your result looks different than expected, check below in your app: executed entry and exit details fees charged on executions funding payments (if applicable) time held vs relevant funding settlement times partial fills or partial closesImportant note Fee schedules, funding rates, and applicable product mechanics can change over time and may vary by product, account status, region, and platform configuration. To learn more about OKX products, visit here.Published on Apr 9, 2026Updated on Aug 5, 2026FAQ1Option Margin
Mark Price max(c * index price, c * Mark Price) * Margin Factor⁴ + Mark Price Index Coin-Margined BTCUSD Coin-Margined ETHUSD USDⓈ-margined BTCUSD USDⓈ-margined ETHUSD a 0.1 0.1 0.1 0.1 b 0.15 0.15 0.15 0.15 Min Open Order Margin 0.1 0.1 0.1 0.1 c 0.03 0.05 0.03 0.05 Margin Factor https://www.okx.com/trade-market/position/option Note: ¹ Long options do not require IMR/MMR due to the fact customers pay the full premium for the position. ² The difference between an existing short option position vsPublished on Jun 20, 2022Updated on Aug 5, 2026Product documentationHow do I enable allowlist? (app)
Whitelist vs. No-Verification Address: These settings are independent and do not affect each other. New Address Withdrawal Lock: If New Address Lock is enabled, newly added whitelist addresses cannot be used for withdrawals for 24 hours, adding extra security.Published on Jul 31, 2026Updated on Aug 5, 2026FAQ1Trading Mechanism
For partially filled orders, only the unfilled remainder can be cancelled; the filled portion cannot be reversed.Buy/Sell Mode vs. Open/Close Mode Event Contracts support both Open/Close Mode and Buy/Sell Mode. Open/Close Mode: Within the same event contract market, users can simultaneously hold both Up and Down positions. For example, holding 5 Up and 6 Down contracts at the same time. Full margin is required for all held contracts: margin for 5 Up contracts + margin for 6 Down contracts.Published on Apr 8, 2026Updated on Aug 5, 2026Product documentation