How to View and Understand Digital Currency Contract Positions on OKX

Understanding Your Contract Positions

When your order is executed, you can review your current positions under the "Positions" tab. Your position value can be displayed in two units: "Contracts" or "Coin", which you can toggle in the settings.

Key Metrics to Monitor

1. Position Size

   • The total value of your active contracts in BTC, ETH, or other supported currencies.

2. Available to Close

   • Calculated as: Current Position Size – Pending Close Orders.

3. Margin Requirements

   • Margin is the collateral required to hold a position. The calculation depends on:

     • Contract type (USDT or Coin-Margined).
     • Margin mode (Isolated or Cross).

   Formulas:

   • USDT-Margined Contracts:

     • Cross Margin: = Face Value × Contracts × Mark Price / Leverage.
     • Isolated Margin: = Face Value × Contracts × Entry Price / Leverage.

   • Coin-Margined Contracts:

     • Cross Margin: = Face Value × Contracts / Mark Price / Leverage.
     • Isolated Margin: = Face Value × Contracts / Entry Price / Leverage.

   Example: For a BTC/USDT trade at $10,000 with 10x leverage, buying 1 BTC (10,000 contracts) requires 1,000 USDT margin.

4. Margin Ratio

   • Indicates your position's risk level.
   • Initial Margin Ratio = 1 / Leverage.
   • Maintenance Margin Ratio: Minimum level to avoid liquidation.

   Liquidation Trigger:
   If Margin Ratio ≤ (Maintenance Margin + Fee Rate), the position is liquidated.

   Example: A BTC/USDT position at 10x leverage enters liquidation if the margin ratio falls below 1.55% (1.50% maintenance + 0.05% fee).

Profit & Loss Analysis

1. Unrealized P&L

   • Profit/loss from open positions, settled daily at 4 PM UTC.

   • For USDT-Margined Contracts:

     • Long: (Mark Price – Entry Price) × Position Size.
     • Short: (Entry Price – Mark Price) × Position Size.

   • For Coin-Margined Contracts:

     • Long: (1/Entry Price – 1/Mark Price) × Position Size.
     • Short: (1/Mark Price – 1/Entry Price) × Position Size.

2. Estimated Liquidation Price

   • Price at which Margin Ratio = Maintenance Margin + Fee Rate.
   • Use OKX’s Contract Calculator to simulate scenarios.

3. Settled P&L

   • Profits transferred to your balance during daily settlements.

Advanced Position Management

• Auto-Margin Top-Up: In Isolated Margin, enable this feature to prevent liquidation.
• Manual Adjustments: Add margin to specific positions for precise risk control.

👉 Optimize your trades with OKX’s advanced tools

FAQ

Q1: How is the maintenance margin rate determined?
A: It depends on your position size and tier. Larger positions face higher rates.

Q2: Why does my liquidation price change?
A: It fluctuates with mark price, leverage, and margin adjustments.

Q3: Can I reduce my liquidation risk?
A: Yes, by lowering leverage or adding margin.

Q4: When is P&L settled?
A: Daily at 4 PM UTC for perpetual contracts; at expiry for futures.

Q5: How do I check all my positions?
A: Navigate to "All Positions" to view contracts across expiries (e.g., BTC-Weekly, Quarterly).

For detailed tiered margin rates, refer to OKX’s official grading system.

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