[Web] Perpetual Swap – OKEx Official & OKB English Group
What is Perpetual Swap?
OKEx Perpetual Swap is another derivatives product of crypto trading. Sharing a lot of similarities with Fixed-Date Futures Contract, Perpetual Swap has the following differences:
1. Delivery — Perpetual Swap has no delivery date and never expires;
2. Funding — as there is no delivery date, a funding mechanism is adopted to ensure that the Perpetual Swap price is anchored to the Spot market.
How to trade Perpetual Swap?
1、Users need to transfer your digital assets to “Swap Account” firstly.
2、Click “Trade — Perpetual Swap” on main page to enter into this market, and firstly go for settings on the contract page. Select “Fixed” or “Cross” margin mode and “Leverage” just like Futures Contract.
3、After setting, you can choose the assets you’d like to long or short.
4、The open order will be displayed on the bottom of the page, and you can “Cancel” before it is filled.
Once the order is filled, user will hold the respective positions (long or short). You can check the details in the “Positions” column, such as Margin, Profit, Profit Ratio and Est. liquidation price, etc.
5、You can calculate your RPL, close price, and Liquidation price, etc. by using the calculator .
6、You can change the leverage by dragging the bar, the higher the leverage, the higher the MMR, yet less the margin required, please notice the risk.
You can also increase or reduce margin into this position to control the liquidation risk.
7、User may open more or close position(s) anytime to take profit / stop loss. The profit / loss will be transferred to the “Swap Account” under “Realized profit & loss” after settlement.
Published at Fri, 17 Jan 2020 08:39:24 +0000
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