OKEx contracts are derivative products settled in cryptocurrencies like BTC, LTC, and ETH. Each contract represents $100 worth of BTC or **$10 of altcoins (LTC, ETH, etc.). Traders can profit from digital asset price movements by going long (buying) or short (selling) with leverage options of 10x, 20x, or 50x**.
Key Contract Features
| Element | Specification |
|---|---|
| Contract Basis | BTC/LTC/USD Index |
| Point Value | $1 per index point |
| Minimum Price Step | BTC/BTG: 0.01; LTC/Others: 0.001 |
| Contract Types | Weekly, Bi-Weekly, Quarterly |
| Contract Value | BTC: $100; Altcoins: $10 |
| Margin Requirement | 10x–20x Leverage |
| Settlement | Coin-settled差价交割 |
OKEx Virtual Contract Design
1. Bitcoin-Settled Contracts
- Enables global participation without fiat currency restrictions.
- Settlements in BTC eliminate exchange rate complexities.
2. Stable Leverage Mechanism
- Fixed USD-denominated contract values (e.g., $100/BTC) maintain consistent leverage ratios.
- Example: A 50% BTC price rise yields 5x returns at 10x leverage, regardless of volatility.
3. Anti-Manipulation Safeguards
- Multi-Exchange Pricing: Uses averaged data from six platforms to deter price manipulation.
- Dynamic Order Limits: Adjusts price bands based on spot and contract activity to prevent abusive trading.
- Enhanced Liquidation: References composite prices during extreme volatility to reduce false triggers.
OKEx Fee Structure
Account Tier System
Fees are determined by 30-day trading volume and OKB holdings:
Standard Users
| Level | OKB Holding | Maker Fee | Taker Fee | Daily Withdrawal (BTC) |
|---|---|---|---|---|
| Lv1 | <500 | 0.100% | 0.150% | 300 |
| Lv2 | ≥500 | 0.090% | 0.135% | 300 |
VIP Users
| Tier | 30-Day Volume (BTC) | Maker Fee | Taker Fee | Daily Withdrawal (BTC) |
|---|---|---|---|---|
| VIP1 | ≥10,000 | 0.060% | 0.080% | 350 |
| VIP2 | ≥50,000 | 0.040% | 0.075% | 400 |
👉 Maximize savings with OKEx’s tiered fee discounts
Fee Calculation Rules
- Spot Trading: Fees deducted in the bought currency (e.g., BTC purchases charge BTC fees).
- Negative Maker Fees: Rebates paid in the taker’s fee currency.
- Contract Trading: Volumes converted to BTC-equivalent for tier assessments.
FAQ
1. How is leverage calculated in OKEx contracts?
Leverage is fixed per contract (e.g., 10x). A $100 BTC contract with 10x leverage controls $1,000 in exposure.
2. Can I combine spot and contract volumes for fee discounts?
Yes. Meeting either spot or contract volume thresholds qualifies you for the higher tier.
3. What triggers liquidation in volatile markets?
OKEx uses a composite price index to avoid extreme price spikes causing unwarranted liquidations.
4. Are there withdrawal limits beyond fee tiers?
Yes. KYC2 users face a 300 BTC/day cap, regardless of trading tier.
👉 Explore advanced trading strategies on OKEx
By optimizing contract types, leveraging tiered fees, and utilizing OKEx’s anti-manipulation features, traders can significantly reduce costs while maintaining strategic flexibility. Always monitor your account tier to capitalize on evolving fee structures.