OKX (formerly OKEx) offers futures contracts that allow investors to trade cryptocurrency price movements without owning the underlying assets. These USD-settled contracts provide stable leverage and sophisticated anti-manipulation mechanisms.
Understanding OKX Futures Contracts
Key Features
- Cryptocurrency Settlement: Contracts are settled in BTC/LTC/etc.
- Stable Leverage: Fixed at 0.01-125x (BTC example)
Contract Values:
- BTC: $100 per contract
- Other coins (LTC, ETH): $10 per contract
Contract Specifications
| Parameter | BTC Contract | Other Coins |
|---|---|---|
| Tick Size | 0.01 points | 0.001 points |
| Contract Types | Weekly, Bi-weekly, Quarterly | Same |
| Final Trading Time | Friday 4PM UTC+8 | Same |
| Settlement | Crypto-crypto差价交割 | Same |
👉 Discover OKX's advanced trading features
OKX's Innovative Contract Design
1. Bitcoin-Settled Contracts
- Enables global participation without fiat requirements
- Overcomes exchange geographical limitations
2. Stable Leverage Mechanism
- Each contract represents fixed USD value ($100 BTC/$10 alts)
- Maintains consistent leverage regardless of price fluctuations
Example:
- Buy 50 BTC contracts at $500/BTC
If price rises to $750 (50% increase):
- Profit = 3.3333 BTC → $2500 (5x return)
- At $1000/BTC: 5 BTC → $5000 (10x return)
3. Anti-Manipulation Systems
- Multi-Exchange Pricing: Averages from 6 exchanges
- Last-Hour Arithmetic Mean: Prevents wash trading
- Dynamic Price Limits: Adjusts based on spot and futures data
- Improved Liquidation: Uses composite pricing during volatility
Practical Hedging Strategies
Basic Hedging Approach
Open offsetting positions:
- Long spot + Short futures (or vice versa)
Adjust positions based on:
- Market volatility
- Liquidation risks
- Monitor leverage ratios
FAQ Section
Q: What's the minimum contract size on OKX?
A: BTC contracts represent $100, altcoin contracts $10 each.
Q: How does OKX prevent price manipulation?
A: Through six-exchange price averaging, dynamic limits, and composite liquidation pricing.
Q: Can I hedge other cryptocurrencies besides BTC?
A: Yes, OKX offers LTC, ETH, and other altcoin contracts with $10 valuations.
Q: What's the advantage of stable leverage?
A: It maintains consistent position sizing regardless of price movements, simplifying risk management.
Q: Are there different contract durations?
A: Yes: weekly, bi-weekly, quarterly, and bi-quarterly expirations.
Conclusion
OKX's futures contracts provide professional traders with robust hedging tools featuring stable leverage and institutional-grade safeguards against market manipulation. The platform's multi-exchange settlement system and dynamic risk controls make it particularly suitable for both speculative trading and risk mitigation strategies.