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Tutorial: USDT – Margined Futures Contracts Trading Simulation on OKEx

2019.11.05 OKEx Academy

Step I.

Log in on www.okex.com, click on ”Derivatives”→ “Futures” and get into “Futures with USDT Margin” as the following two screenshots

Step II.

Click on “Margin Mode” and choose ”Fixed” or “Cross” margin mode, and select “leverage” , which ranges from 0.01-100 times. You can choose “BTC”or “Contracts” as your currency “Unit” as the following screenshots.

Step III. Open Positions 

Click on “Open” and input the bid price (you can select “BBO” which executes the order ASAP ), click on the“Amount(Cont)” and input the amount of contracts you are willing to open, then choose“open short” or “open long”. 

Step IV. Close Position 

Click on“Close” and input “Price” (you can select “BBO” which executes the order ASAP), click on the“Amount(Cont)” and input the amount of contracts you are willing to close, then choose“Close Short” or “Close Long” to close your positions. 

Step V. P/L Calculation

P/L of buying long on USDT futures= (Close price-open price)* amount of contracts* face value 

P/L of selling short on USDT futures= ( open price-close price)* amount of contracts* face value 

Suppose we buy long on “BTC/USDT” trading pair, the opening price starts at 9600USDT, and the close price at 9186.8USDT, with the total amount of 1,111 contracts, and the face value is 0.0001, so the P/L is (9186.8-9600)×1111×0.0001=45.9USDT. 

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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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