How do I place a perpetual contract trade on OKX Australia?

1. Transfer your USDT from your funding account to your trading account. Select Transfer, select USDT, enter your amount, and confirm.

   

   Select Transfer

   

   Enter the amount and select Confirm

2. Once your USDT is in your trading account, select the Trade button in the centre of the main menu.

   

   Select Trade

3. Select the Futures tab, then select USDT-margined to view the available perpetual pairs. For this walkthrough, we are using BTCUSDT as an example.

   

   Select Futures and USDT-margined to view the available perpetual pairs

4. This is the trading screen. Before entering an amount, select the leverage button next to Isolated - where it currently shows 2x in the image below.

   

   Leverage button on the trading screen

5. For this walkthrough, we'll use 1x leverage. Lower leverage generally means your liquidation price is further away, giving you more room if the market moves against your position. Select Confirm.

   

   Select the leverage and confirm

6. Enter your position size, then select Buy Long or Sell Short to open a position. You can monitor open positions in the Positions tab and view balances in the Assets tab.

   

   Select Buy Long or Sell Short to open a position

   

   Monitor open positions on the Positions page

Derivatives involve significant risk of loss. This information is general in nature and is not investment advice. If you want to learn more about leverage and margin, visit here.

Disclaimer: Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035); and other products and services by the relevant OKX entities which offer them (see Terms of Service). This information is general in nature and does not take into account your objectives, financial situation or needs. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Digital assets are volatile and carry a high level of risk; you may lose some or all of your investment. Crypto derivatives carry significant risk. You could lose all of the USDT deposited in your trading account. Past performance is not indicative of future performance. Read our Terms of Service and Risk Disclosure Statement for more information. For crypto derivatives for retail clients, read the Product Disclosure Statement (PDS) and Financial Services Guide (FSG), and refer to the Target Market Determination (TMD) on our website.