OKX Expiry Futures Guide: Trading Strategies & Contract Details

Crypto-Margined Expiry Futures

OKX's crypto-margined futures are derivative contracts settled in cryptocurrencies like BTC or ETH. These contracts allow traders to speculate on price movements with leverage, offering weekly, monthly, and quarterly expirations.

Key Specifications (BTCUSD Example)

Parameter	Detail
Underlying Index	BTC/USD
Delivery Currency	BTC
Face Value	100 USD
Contract Multiplier	1
Leverage Range	0.01x–20x
Delivery Time	8:00 AM UTC on expiration Friday

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USDT-Margined Expiry Futures

Settled in USDT, these contracts provide exposure without holding underlying assets. BTC offers weekly/monthly/quarterly expirations; ETH contracts are weekly/quarterly only.

BTCUSDT Contract Overview

Feature	Specification
Index	BTC/USDT
Settlement Currency	USDT
Tick Size	0.1
Trading Availability	24/7

Contract Generation Rules

OKX auto-generates futures contracts based on strict schedules:

Asset	Expiration Dates	Listing Time
BTCUSD	7 dates	8:00 AM UTC
ETHUSDT	4 dates	Quarterly Fridays

Critical Deadlines

Weeklies: Fridays 8:00 AM UTC
Quarterlies: Last Friday of March/June/September/December

Core Features

Settlement Flexibility

Crypto-Margined: Settled in native tokens (BTC/ETH)
USDT-Margined: Stablecoin settlement reduces volatility exposure

Risk Management Tools

Mark Price: Prevents liquidations from outlier trades
Tiered Margins: Higher maintenance requirements for large positions

Trading Modes

One-Way: Single-direction positions
Hedge Mode: Simultaneous long/short positions

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FAQ Section

Q: How is the delivery price calculated?
A: The hourly average of index prices preceding expiration.

Q: What’s the difference between mark and index prices?
A: Mark prices prevent market manipulation; index prices aggregate data from 3+ exchanges.

Q: Can I trade ETH quarterly futures?
A: Yes, but only quarterly/weekly—no monthly contracts for ETHUSDT.

Disclaimer: Trading leveraged derivatives involves significant risk. Past performance doesn’t guarantee future results. OKX isn’t liable for trading losses.


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