How to Start Trading X-Perps on OKX; Step By Step
This guide walks you through everything you need to do to start trading X-Perps (Expiry Perps) on OKX, from setting up your account to placing your first trade. X-Perps are available to eligible traders in the European Economic Area (EEA) only.
Before you start
You will need:
A verified OKX account with completed KYC
Funds deposited in your account
A completed appropriateness assessment; Required before accessing X-Perps
If you have not yet deposited funds, see our guide on 'How to deposit and fund your OKX account for derivatives trading'.
Step 1: Unlock X-Perps
On desktop:
Log in to your OKX account at 708lz9ho.com/en-eu
Go to "Trade" in the navigation bar
Select "Unlock X-Perps"
Complete the appropriateness assessment
Once approved, X-Perps are accessible from the Trade menu at any time
On mobile:
Open the OKX app and tap the menu
Tap "X-Perps"
Complete the appropriateness assessment
Once approved, X-Perps are accessible from the menu at any time
Pro Tip: Try demo trading before going live. OKX offers demo trading for X-Perps in the EEA. This is a risk-free way to get familiar with the interface before using real funds.
Step 2: Select a market
Once you have access, navigate to the X-Perps trading interface. You will see a list of the following available markets; BTC, ETH, SOL, DOGE, XRP, ADA, LTC, SUI, PEPE, PUMP.Select the market you want to trade in. Review the current price, funding rate, and open interest before proceeding.
Step 3: Set your leverage
In the order panel, select your leverage level. X-Perps offer up to 10x leverage. Your selected leverage stays fixed, it does not change automatically.If you are new to leveraged trading, start with a lower setting. Higher leverage means a smaller adverse price move can cause larger losses and trigger liquidation sooner.
For full details see 'How to set leverage on X-Perps'.
Step 4: Choose your direction and place your order
Decide whether you want to go long or short:
Buy / Long; you profit if the price rises
Sell / Short; you profit if the price falls
Select your order type, limit or market, enter your position size, and set a take-profit and stop-loss before confirming.
Pro Tip: Always set a stop-loss before confirming your order. It limits your potential loss if the market moves against your position.
Step 5: Manage your margin
When choosing between selected or isolated mode, make sure to keep a conservative approach. The lower the leverage, the more room before liquidation and the higher the leverage, the closer you come to the liquidation price.
It is recommended to set a stop-loss to auto-close before you hit liquidation, as this protects your remaining margin.
Step 6: Monitor and manage your position
Once your order is filled, your position appears in the open positions panel. From here you can:
Monitor your unrealised PnL
Adjust or close your position
Add margin if needed
Review your liquidation price
When you are ready to close, select the position and choose to close fully or partially.
Start trading
Disclaimer: This content is provided for informational purposes only and may cover products that are not available in your region. It does not constitute investment or financial product advice, not it is a recommendation or solicitation to buy or sell financial instruments or to engage in any specific trading strategy.
Trading in financial instruments involves a significant risk of loss and may not be suitable for all investors. If you invest in X-Perps or other derivatives you may lose some or all of the money you invest. X-Perps are leveraged instruments; leverage can amplify both gains and losses. The value of investments and any income derived from them can go down as well as up, and you may not recover the amount originally invested. Past performance is not a reliable indicator of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before engaging in any trading activity.
OKX Europe Markets Ltd ("OEM"), which is authorised and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act (Chapter 370 of the Laws of Malta) as a Investment Services Licence Holder (Licence No. OEML-15905).
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