Crypto-Margined Futures Contracts
OKX Crypto-Margined Futures are derivative products settled in cryptocurrencies like BTC or ETH. These contracts feature weekly, monthly, and quarterly expiries, enabling traders to profit from price movements by going long (buying) or short (selling).
Key Specifications of BTCUSD Contract:
| Parameter | Detail |
|---|---|
| Underlying Index | BTC/USD Index |
| Settlement Currency | BTC |
| Contract Face Value | 100 USD |
| Contract Multiplier | 1 |
| Minimum Price Increment | 0.1 |
| Leverage | 0.01x–20x |
| Trading Hours | 24/7 |
| Contract Types | Weekly, Monthly, Quarterly |
| Delivery Time | 4:00 PM HKT on expiration Friday |
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USDT-Margined Futures Contracts
OKX USDT-Margined Futures are settled in USDT, with each contract representing a fixed crypto amount (e.g., 0.01 BTC per BTCUSDT contract). BTCUSDT offers weekly/monthly/quarterly expiries, while ETHUSDT supports only weekly/quarterly contracts.
Key Specifications of BTCUSDT Contract:
| Parameter | Detail |
|---|---|
| Underlying Index | BTC/USDT Index |
| Settlement Currency | USDT |
| Contract Face Value | 0.01 BTC |
| Minimum Price Increment | 0.1 |
| Leverage | 0.01x–20x |
| Contract Types | Weekly, Monthly, Quarterly |
| Delivery Time | 4:00 PM UTC+8 on expiration Friday |
Expiry Date Rules
| Contract | BTCUSD | BTCUSDT/ETHUSD | ETHUSDT |
|---|---|---|---|
| Expiries | 7 dates | 6 dates | 4 dates |
| Weekly | Fridays, 4:00 PM UTC+8 | Fridays, 4:00 PM UTC+8 | Fridays, 4:00 PM UTC+8 |
| Monthly | Last Friday of month | Last Friday of month | N/A |
| Quarterly | Quarter-end Friday | Quarter-end Friday | Quarter-end Friday |
| Listing Time | Weekly Fridays, 4:00 PM UTC+8 | Same as BTCUSD | Same as BTCUSD |
Key Features
- Hedging Flexibility: Crypto-margined contracts enable asset-backed risk management.
- Intuitive Profits: USDT settlements provide clear fiat-equivalent valuations.
- Index Pricing: Uses weighted averages from 3+ exchanges to ensure fairness.
- Mark Price System: Prevents unnecessary liquidations during volatility.
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FAQ
Q: How is the delivery price calculated?
A: It’s the arithmetic mean of the USDT index price 1 hour before expiry.
Q: What’s the difference between buy/sell and open/close modes?
A: Buy/sell merges positions into one direction; open/close maintains separate long/short positions.
Q: Are there daily settlements?
A: Yes, at 4:00 PM UTC+8 for full-margin positions, adjusting entry prices without fees.
Q: What leverage is available?
A: 0.01x–20x, with higher tiers requiring more maintenance margin.
Disclaimer: Trading digital assets involves risk. Past performance doesn’t guarantee future results. OKX isn’t liable for trading decisions. Products may vary by region.
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