Setting Up a Perpetual Swap on OKX
Summary
The document gives a step-by-step overview of placing a perpetual swap trade in the OKX app for users in Singapore. It describes selecting the futures area and a contract, setting leverage and choosing isolated or cross margin, selecting an order type, entering price and position size, and opening a long or short. It then points to the positions view for monitoring, adjusting take-profit or stop-loss settings, or closing the trade.
It also explains that hedge mode can permit simultaneous long and short positions in the same pair. This is an interface walkthrough rather than a trading strategy: it offers no method for choosing a contract, sizing exposure, setting leverage, or evaluating market direction. The document says access requires completion of a suitability quiz and includes a notice that some related services are unregulated. Interface labels and product availability may change, and perpetual swaps can expose users to substantial leveraged losses.
Key ideas
- A perpetual swap order is set up by selecting a contract, margin mode, leverage, order type, and position size.
- The app supports both long and short orders, with open positions managed through a dedicated positions view.
- Users can configure take-profit and stop-loss settings or close a position manually.
- Hedge mode allows simultaneous long and short positions on the same pair.
- Access is described as requiring a suitability quiz, and the document notes regulatory limits for related services.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.