The funding rate is a mechanism used in X-Perps markets to help keep the contract price closer to the underlying spot price.What's the funding rate for me? Funding isn't the same as a trading fee. It is a periodic payment mechanism between long and short position holders.

On OKX, X-Perps funding is settled hourly.Depending on the funding rate and your position: When the funding rate is positive, long positions typically pay short positions When the funding rate is negative, short positions typically pay long positions Funding affects your total cost or return depending on: position direction, the funding rate at the relevant time, how long the position is held, and whether the position is open at funding settlement time.How fees and funding affect net PnL in X-perps

We'll assess all affiliates monthly with immediate effect and adjust commission rates based on your affiliate level. Affiliates are assessed based on their: Invitees’ monthly trading volume Number of new or total traded invitees per month The default commission rate is 30%. If you meet the criteria for a higher level, you will be upgraded during next month to a higher commission rate.

Standard perpetual futures X-Perps (Expiry Perps) Expiry date No expiry Fixed — 60 months from issuance Funding rate Yes — every 8 hours Yes — every 8 hours Price anchored to spot Via funding rate Via funding rate Settlement Closed by trader or liquidation Cash settlement at 60-month expiry Day-to-day trading feel Standard perp UX Identical to standard perp UXHow does X-Perps differ from spot trading? In spot trading, you buy or sell the actual asset (for example, BTC or ETH).

Combination of coin rise and exchange rate oscillation profit By strategically combining the rise of individual coins with the oscillation profit from exchange rate fluctuations, the bot maximizes returns, especially during market fluctuations.

How do I check my current fee rates and what are the fee rates for different levels? You can log in to your account on our website and go to Assets > My trading fees. You can refer to My fee tier for your current fee tier level and the trading fee schedule, which includes the fee rates for each instrument and trading pair.

Time: 1st of each month Metrics: Number of active traders over the previous two months of each link Rule: If active traders ≥ 5, the preset commission rate will be kept. Otherwise, the commission rate will be 0%. In the first assessment, a link will be deleted if no invitees signed up or logged in to OKX using the link after more than 180 days. When the link with a 0% commission rate meets the criteria once again, the original commission rate will be restored within the next hour.

We'll assess all affiliates monthly with immediate effect and adjust commission rates based on your affiliate level. Affiliates are assessed based on their: Invitees’ monthly trading volume Note: CeDeFi trading volume is excluded from this assessment. Number of new or total traded invitees per month The default commission rate is 30%. If you meet the criteria for a higher level, you will be upgraded during next month to a higher commission rate.

Our affiliate program is easy to sign up for and offers a commission rate of up to 50%. Learn more about it here.What am I missing out? Our affiliate program offers a tiered commission structure — the more referrals you bring in, the higher your commission rate. You can earn up to 50% commission on all trading fees generated by your referrals.

For example, when a user trades ETH for DAI, a DEX aggregator compares the rates available across all decentralized exchanges, applies the smart order routing algorithms to find the best rate and splits orders across multiple DEXs. Splitting orders is particularly effective for large transactions.

What commission rate will be assigned when I am invited by an affiliate? You can check your assigned percentage by following the steps below: Open your OKX app > Main menu. Select User Center On the My Rewards page, you can view your rebate percentage assigned by the affiliate. Note: If the module is not visible, no rebate rate has been assigned to you. The invitee’s rebate rate ranges from 0% to 20%.5. How can invitees check trading fee rebate records?

) Margin mode Order size Available margin Risk controls (for example, TP/SL) Current funding rate Whether the product is available to your account and your appropriateness assessment is complete Leverage can increase exposure quickly, so confirming these settings before order submission is important.FAQ1.

make sure: The product is available to your account and region Your suitability assessment is completed (required before accessing X-Perps) You have selected the correct X-Perps contract Your funds are in the correct account path (most setups require a transfer from Funding to Trading) Your margin mode is set as intended (consider portfolio margin if you hold spot positions) Your leverage is set as intended (up to 10x available) You understand the risk of liquidation You understand that a funding rate

Select your type of margins Select the Margin mode Margin mode has to be selected to proceed to the calculation phase Insert your Leverage, Entry Price, Exit Price, and Amount Fill up the necessary details before proceeding to calculate the required margin, P&L, and P&L ratio Select Calculate for the result Calculate the result to conclude the calculation Example: Margin = face value * number of contracts / open price / leverage Taker fee = (face value * number of contracts) / open price * Taker fee rate

Example: If a user wants to purchase BTC worth 100 PLN, the equivalent amount in EUR is calculated using the latest FX rate.