How do I use spot margin trading? (App)

What is spot margin trading?

Spot margin trading allows you to trade with borrowed funds using leverage. You can use a certain cryptocurrency as collateral to borrow additional assets and open long or short positions.

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 your 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 (flatten) the position, you must repay the liabilities.

On the app

Fund transfer

Before engaging in spot margin trading, you are required to transfer funds.

1. Select Assets > Transfer > Select the asset which you want to transfer

2. Select From: Funding ; To: Trading > Enter the desired amount > Confirm

Buy

1. Open position

For example, in BTC/USDT margin trading: select Trade > Spot > enable Margin > Cross or Isolated > USDT or BTC margin > Limit order > Leverage (Eg:1x) — Enter Price and Amount — Margin buy > Confirm

2. Close

Select Positions and select the specific position you want to close > select Close > Enter the price or select Market Price > Enter the desired amount > Close

Note: customers can also choose the Take Profit(TP) and Stop Loss(SL) method to stop the position. This helps to SL or TP in a timely manner.

TP/SL: Select the specific position you want to close > select TP/SL > Enter the Take profit Trigger price and Stop loss Trigger price > Enter desired amount > Select Confirm

Close All: If you need to quickly close all positions, Select the specific position > select Close All

Note: if there are significant markets fluctuations, your orders may not be filled.

3. View positions

After successfully opening a position, you can view relevant data about their holdings in the position list. This includes the average entry price, estimated liquidation price, initial margin requirement, as well as the return on investment and how much they have gained or lost in USDT.

4. Order inquiry

On the main page for opening positions, select Orders > Select the order type (Eg:TP/SL) to view your current pending orders

Note: you can also select Cancel to withdraw a pending order or select My trades > Order history to view your order history.

Sell

1. Open position

For example, for BTC/USDT margin trading: On app, tap Trade twice > select Spot > enable Margin > Select Cross or Isolated > USDT or BTC margin > Limit order > Leverage (Eg:1x) — Enter Price and Amount — Margin sell > Confirm

2. Close

Close: select Positions and select the specific position you want to close > select Close > Enter the price or select Market Price > Enter the desired amount > Close

Note: you can also choose the Take Profit(TP) and Stop Loss(SL) method to stop the position. This helps to SL or TP in a timely manner.

TP/SL: Select the specific position you want to close > select TP/SL > Enter the Take profit Trigger price and Stop loss Trigger price > Enter desired amount > Select Confirm

Close All: If you need to quickly close all positions, Select the specific position > select Close All

How is margin interest calculated?

In both cross margin and isolated margin modes, interest is charged when you have outstanding liabilities.

When is interest charged?

Interest is calculated and settled hourly, starting from 00:00 (UTC). The platform calculates interest based on your interest-bearing liabilities at the top of each hour.

How does the hourly calculation work?

For example:

• If you borrow assets at 22:55, interest isn’t charged immediately.

• At 23:00, the system checks your outstanding liabilities and calculates interest accordingly.

• If you repay the borrowed assets at 22:57 (before the next hourly settlement), no interest will be charged for that borrowing.

Interest is automatically deducted from your account at each settlement time.