BTC — — ETH — — BTC perp funding — ETH perp funding —
OKX · Perpetual Futures Field Guide

Open your first OKX perpetual with a fee rebate.

Invite code is right below. One click to copy.

Invite code OK6512
Data source OKX Public API No login required Runs in your browser
EDITOR'S NOTE

Every number here is one you can work out yourself.

Before opening an OKX perpetual position, what will the fees cost, and how far away is liquidation? The articles show the assumptions and arithmetic; the calculators let you try your own numbers. The market ticker reads OKX public data. The floating cards above and chart previews are labelled examples, not updating market quotes.

We do not sell courses. We do not run signal groups. We do not place trades for you. What we do is translate the jargon — funding rate, liquidation, grid, Kelly — into the call you have to make at the order panel. And we show you what the OKX API actually returns. After that the decision is yours.

Find a wrong number or a sloppy derivation? Tell us — the corrections page records every fix in public, with credit (pen name is fine).

BTC / USDT
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Next settlement estimate
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TOOLS

Cost the trade before you place it.

Position size, distance to liq, annualized funding, grid PnL — six calculators, every formula running in your browser, nothing uploaded.

Position / liq price / maintenance margin

Enter margin, leverage, entry price and maintenance margin rate to estimate a simplified isolated liquidation price and PnL after a 1% adverse move.

Funding cash flow and annualization

Under a constant assumed rate, compare notional and initial-margin annualized measures, then estimate cash flow for an explicit settlement cadence and count. This is not compound yield or loan APR.

Grid PnL budget

Price band + grid density + realised vol → expected daily PnL plus the loss if the band breaks one-sided.

Open all 6 tools
BTC-USDT-SWAP LONG · 10X · Isolated $75,968 Margin (USDT) 1,000 Leverage 10x CALCULATION RESULT Notional value $10,000 Position size 0.1316 BTC Liquidation price $69,422 Distance to liq -8.6% Maintenance margin 0.4%
LONG READS

From not knowing to placing the trade.

These long reads work through how each mechanic is calculated, most with a set of numbers you can redo yourself, and point to where it lives on the OKX screen.

More long reads

OKX DATA

Data pulled straight from OKX.

Open a dashboard for funding rates, open interest or long/short ratios. Each page attempts a refresh every 60 seconds using OKX public data; long/short requests pass through this site. The pictures below are examples. Check the dashboard itself for readings and update status.

EDITORIAL

How we actually write this stuff.

The formula is on the page, the numbers are yours to check, and when we get something wrong we fix it in public.

Written against the OKX page

Every field and every button we mention lines up with where it actually sits on the OKX trading page. We don't write about features the platform doesn't have.

Data from the OKX public API

The ticker and dashboards use OKX public data, with long/short requests forwarded by this site. Calculators work in your browser from the values you enter; they do not read your exchange account.

Sources you can click through

Where a piece states a rule or a mechanic, it links to the original — the OKX help center, CoinGlass data pages and the like — so you can check it yourself.

Errors fixed in public

You spot something wrong, you email us, we fix it the same week, your handle goes on the corrections page.

More about us → About the editorial desk  ·  Corrections log

FAQ

The questions we get asked most.

What is the relationship between this site and OKX?
We are an independent third-party site. The sign-up links here carry OKX referral code OK6512. We are not an OKX-owned page. We never collect your password and we never withdraw your funds. Every "go to OKX" link points at the real okx.com.
What do I get from signing up with OK6512?
When you register through this code, OKX applies a fee discount under its Affiliate programme*. The exact percentage shifts with OKX policy, so we do not promise a number up front. Your trading cost does not go up because of the code — the discount is funded by OKX out of the fees it collects, and our service fee is a separate flow.
How accurate is the data?
Dashboards use OKX public API data; this site forwards the long/short requests. Check the update status, instrument, interval and definition before using a reading. Network failures or delayed data can leave it behind the exchange. Calculators use the formulas and assumptions shown on each page in your browser and cannot read your actual positions. Floating cards and chart previews are examples.
Is OKX available where I live?
OKX makes the final call on your IP at sign-up. Commonly restricted or unavailable jurisdictions include the United States, Quebec (Canada), the United Kingdom (retail derivatives), Iran, North Korea and others. We do not promise availability anywhere. Open the OKX sign-up page and let it confirm.
How should I actually start after reading all this?
Suggested order: 1) Read the stop-loss / position size paradox to clear the most expensive mistake. 2) Walk through the OKX 24h workflow. 3) Open the position calculator and plug in your trade. 4) Try 100 to 200 USDT on OKX as a sizing experiment. 5) Once you have 30 days of records, use the Kelly sizer to set your real position fraction.
Does the referral code make my fees higher?
No. The Affiliate service fee comes out of the fees OKX already collects — it is not added on top. If you register with OK6512, your trading cost is less than or equal to opening a plain OKX account, because of the included fee discount.

Ready to turn the numbers into a real trade?

Every fee, liq price and funding rate on OKX perpetuals can be sized in your browser. Start with the tools, then go to OKX.