Spot margin trading (Web)

Spot margin trading allows you to trade using borrowed funds. By using certain crypto as collateral, you can borrow assets to open long or short positions and potentially increase your returns.

In Unified account mode on OKX, once you open a spot margin position, the system creates a corresponding long or short position. You can track the unrealized profit or loss based on market price movements.

Borrowed assets are recorded as liabilities under your position and can’t be transferred out. To fully close the position, you must repay the liabilities.

On the web

Fund transfer

Click on the top right corner where it says Asset and then select Fund Transfer. Choose the currency, for example, USDT, and transfer from the Funding Account to the Trading Account. Enter the transfer amount and click Confirm.

Enable margin trading

Go to the okx.com, find Trade > Spot. Choose the crypto you'd like to trade, then click the Margin button on the page to start margin trading.

Buy long

1. Open a position

Using BTC/USDT margin trading as an example: Open okx.com, select Trade > Spot to enter the trading page and enable the leverage feature.

Choose Cross Margin/isolated margin > USDT margin, Leverage Level, Limit Order > Enter Price, Amount > Click Margin Buy

2. Close

Find the Position, select the specific position to close, enter Price and amount to close the position

Note: users can also choose to use the TP/SL method to close. This helps to minimize losses or secure profits in a timely manner.

Click on Position, select the specific position to close and click on TP/SL— enter the TP trigger price, SL trigger price, and quantity, then click Close

If you need to quickly close all positions, you can select a specific position and click close all.

Note: if the Markets experiences significant fluctuations, your order may not be filled.

3. View positions

After successfully opening a position, users can see their related data in the positions list: average entry price, estimated liquidation price, initial margin requirement, and more, as well as the return on investment and how much they have gained or lost in USDT.

4. Order query

At the bottom of the open position main page, click on Open Orders, select the current order type Take Profit and Stop Loss to view your active orders. You can also click Cancel Order to revoke an order.

Sell short

1. Open a position

Using BTC/USDT margin trading as an example: Open okx.com, select Trade > Spot to enter the trading page and enable the leverage feature.

Choose Cross Margin/isolated margin > USDT margin, Leverage Level, Limit Order > Enter Price, Amount > Click Margin Buy

2. Close

Find the Position, select the specific position to close, enter Price and amount to close the position

Note: users can also choose to use the TP/SL method to close. This helps to minimize losses or secure profits in a timely manner.

Click on Position, select the specific position to close and click on TP/SL— enter the TP trigger price, SL trigger price, and quantity, then click Close

If you need to quickly close all positions, you can select a specific position and click close all.