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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 Sep 4, 2026FAQ1Metaverse Dualchain Network Architecture (DNA) Now Available
Dear valued customers, We are pleased to announce that Metaverse Dualchain Network Architecture (DNA) is now listed on OKX. Please take note of the following go-live schedule: 1. DNA Deposit - 07:00 May 28, 2020 (UTC); 2. DNA Spot Trading - (DNA /USDT, DNA /BTC markets) - 07:00 May 29, 2020 (UTC); 3.Published on May 26, 2020Updated on Aug 5, 2026AnnouncementsTradFi 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 14, 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 Oct 20, 2026AnnouncementsSpot margin vs X-Perps: which one should I choose?
For how adjusted equity feeds into your margin calculation, see Multi-currency margin mode vs portfolio margin mode.What does borrowing on spot margin cost? This applies to spot margin trading. Interest on a spot margin borrow is calculated and settled hourly. Four things follow from that, and they're the ones people get wrong most often: Interest is added to your outstanding debt rather than taken from the assets you're holding.Published on Sep 3, 2026Updated on Sep 3, 2026FAQOKX will list Umee’s UMEE token for spot trading
The Umee Blockchain facilitates interoperability for a Tendermint Proof of Stake protocol with the Cosmos ecosystem, Ethereum network, side chain architectures, layer two scaling solutions, and alternative base layer protocols. Asset name: Umee Ticker: UMEE Total Supply: 10,000,000,000 Circulating Supply : 500,500,000 (2022.02.16) Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital.Published on Feb 16, 2022Updated on Aug 5, 2026AnnouncementsOKX to list Venom (VENOM) for spot trading
Venom is a Layer-0 blockchain building a sustainable and scalable infrastructure for corporate, government and Web3 applications by providing independent economies on mesh-network architecture. Asset name: Venom Ticker: VENOM Total supply: 7,200,000,000 Risk warning: The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational and educational purposes only.Published on Mar 22, 2024Updated 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: Your appropriateness 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 require a transfer from Funding to Trading) Your marginPublished on Apr 9, 2026Updated on Oct 15, 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, 2026FAQWhat's a private key/seed phrase?
A seed phrase can derive all private keys — but no private key can reverse back to the seed phrase.Seed phrase vs private key Seed phrase Private key Format 12, 18, or 24 English words in a specific order A 64-character hexadecimal string Controls The entire wallet: all chains, all addresses A single address on the corresponding chain Restores All accounts in the wallet Only the assets on the address linked to that private key Use case Switching devices, restoring the entire wallet Importing a specificPublished on Aug 24, 2023Updated on Aug 4, 2026FAQ3,168How 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 Oct 1, 2026Product documentationX-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 Sep 1, 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 documentationUnderstanding OKX's Security Fund
A key component of our risk architecture is our Security Fund. This article explains the Security Fund's purpose, structure, funding mechanism, and outlines critical disclaimers regarding its operation.1. What's the Security Fund? The Security Fund is a segregated pool of assets, established and fully owned by OKX.Published on Mar 25, 2026Updated on Aug 5, 2026FAQ8