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What's mark price vs last price vs index price?
A TP/SL order triggers on the price type set as its trigger price. You choose that price type when you place the order — last price, mark price, or index price — and the order watches only the price type you chose, not the other two. Because the default chart is drawn on the last price, an order can look as though it should have triggered when the price type it actually watches did not reach your level. Check the trigger price type on the order before concluding that it failed.Published on Apr 15, 2026Updated on Sep 4, 2026FAQ1Spot index prices
What is a spot index price? Spot Index price aims to measure the price of an underlying cryptocurrency. OKX’s USDT-margined contracts are denominated in USDT index price, USDC-margined contracts are denominated in USDC index price, while coin-margined contracts use the USD-equivalent spot index price of the underlying cryptocurrency.Published on Apr 21, 2026Updated on Aug 5, 2026Product documentationSpot cost price
spot, which only includes spot buy and sell Cost price = (Average cost price before last buy × Amount + Price of last buy × Amount) / Net buying amount PnL = (Last price – Cost price) × Net buying amount PnL Ratio = (Last price – Cost price) / Cost pricePublished on Jun 17, 2022Updated on Aug 27, 2026Product documentationUpgrade on Liquidated Futures Position Price Calculation and Price Change Strategy for Liquidated Futures Positions
Regards, OKX Feb 20, 2019Published on Feb 20, 2019Updated on Aug 5, 2026AnnouncementsOKX Retail Price Improvement Program
Price rounding rpiPxRound is an optional RPI maker-order parameter for placement and amendment. When set to true, OKX adjusts a bid down or an ask up to the best price that satisfies the spacing rules. The adjusted price is never more aggressive than the submitted price. The API response and order display show the adjusted price. OKX rejects the order if the adjusted price violates the instrument's price limit.Published on Jul 23, 2026Updated on Aug 13, 2026Product documentationAnnouncement on the Price Volatility of MANTRA (OM)
Following a sharp rise in its price beginning in early November 2024, the token experienced an initial sudden and substantial price decline of more than 80% across the market at approximately 2:28:32am (UTC+8) on April 14, 2025 ("Market Event"). We observed that substantial trading volume spikes and price decline initially happened across various centralised exchanges outside of OKX, before spreading to the overall market.Published on Apr 14, 2025Updated on Aug 5, 2026AnnouncementsUpdates to the spot cost price feature
Future changes to the cost price resulting from spot trading will also be based on the edited cost price. For example: If your trading account holds 1 BTC with a cost price of 60,000, and you transfer another 1 BTC from your funding account, your trading account will now hold a total of 2 BTC. If you then edit the cost price to 61,000, the cost price of the 2 BTC in your trading account will be updated to 61,000.Published on Oct 18, 2024Updated on Aug 13, 2026AnnouncementsUpdate Regarding OKB Price Volatility
A price difference loss refers to a loss caused by the difference between the mark price at 9:07:26am UTC (48.36 USDT) and the resulting liquidation prices during the period. For example: If 10 OKB was liquidated at a liquidation price of 40.0 USDT, OKX will compensate difference of (48.36 - 40.0) * 10 = 83.6 USDT. Compensation will also include the associated liquidation penalty and trading fees (as determined by OKX), and exclude any bankruptcy losses already covered by the insurance fund.Published on Jan 25, 2024Updated on Aug 7, 2026AnnouncementsTime-weighted Average Price (TWAP)
The bot will place the order at the limit price if the order price is higher than the predefined limit price. If the order amount is more than the predefined average amount, the bot will place the order based on the average amount* random ratio (0.5~1). The order will be suspended when the last price (20,500 USDT) is higher than the limit price and resumed when the last price is below 10,500 USDT again. The bot will stop when the total filled amount equals the total order amount.Published on Jun 17, 2022Updated on Aug 5, 2026Product documentationWhy did I pay more than the market price? Spread, price protection and quotes that won't load
On a pair with little activity the price can sit unchanged for hours, and the candlestick chart can show flat stretches or gaps where no trades occurred. This isn't a display fault. To check for yourself, look at the 24h volume and the order book. If volume is low and the book is thin, the chart is showing that there were no trades in those intervals.Published on Sep 4, 2026Updated on Sep 4, 2026FAQOKX to launch spot cost price feature
Assets > Token details Key changes - A new spot cost price feature has been introduced to provide users with a clear understanding of actual costs when they are engaged in spot trading. - Two algorithm options, average cost price and cumulative cost price, have been introduced to suit different trading preferences.Published on Sep 2, 2024Updated on Aug 5, 2026AnnouncementsHow do I set a price alert?
By setting up alerts, you establish a proactive defense mechanism, ensuring you're promptly notified whenever price action aligns with your price levels of interest. How can I set a price alert? You can set a price alert and be informed when the price reaches the key price points. Navigate through the process by following these steps: On the App: 1. Tap Trade > Select the trading type at the top 2. Tap the three dots in the upper right corner > Alerts > Add alert 3.Published on Apr 30, 2024Updated on Aug 5, 2026FAQ265Further Update Regarding OKB Price Volatility
As of 11:00 am UTC on January 26, 2024, we are adjusting the mark price we are using to calculate account adjustments in reference to the OKB price volatility issue from 48.36 USDT to 52.73 USDT. Funds will automatically be deposited into user accounts. For any inquiries regarding the adjustments or eligibility, please contact us via the Support Center. Kind regards, OKX TeamPublished on Jan 26, 2024Updated on Aug 7, 2026AnnouncementsHandling of ETH Futures Contracts Price Error
Dear valued customers, Our ETH spot index price is affected by an error during an upgrade of the index system, causing the liquidations of positions of certain users from 12:12:05 - 12:21:55 and 13:04:05 - 13:13:55 Jan 25, 2019 (CET, UTC+1). Our team immediately responded and repaired the system once the error was found to minimize the impact. However, a few of our customers are still affected by the incident.Published on Jan 26, 2019Updated on Aug 5, 2026AnnouncementsLaunch of Mark Price System for Futures Trading
It can minimize the risk of forced liquidation caused by short-term manipulation of the latest trading price B.Formula of Mark Price Mark Price = Spot index price + moving average (basis) = Spot index price + moving average [(best buy + best sell) / 2 - spot index price] Mark Price takes into account the spot index price and the moving average of basis. The moving average mechanism smooths out temporary price spikes, reducing unnecessary liquidation under volatile market conditions.Published on Jan 8, 2019Updated on Aug 5, 2026Announcements