How do I trade DEX perpetual contract on Web3 wallet? (app)

You're required to have an OKX Wallet before you can trade perpetual contracts at DEX. Please refer here to learn more about how to create/import OKX Wallet.

How do I receive test funds?

1. Open your OKX App and select Wallet > Trade > Derivative

   

   Opening Derivative page

2. Select Approve and verify your wallet ownership to enable secure access to perpetual trading

3. Select Wallet Address > Deposit test funds to receive 2,000 USDC test funds
   Note: the test funds have no actual value and you can only receive a maximum of 2,000 test funds each time.

   

   Select Wallet address to claim test funds

   

   Select Deposit test funds to claim test funds

How do I place a Buy (Long) perpetual contract order?

If you wish to either increase your long position or decrease your short position, you can do so by placing a Buy (Long) order.

If you anticipate the market to rise, you can choose to buy a certain amount of BTC to increase your long position or reduce your short position. As an example, for the BTC/USDC perpetual contract, this is how you can buy BTC and reduce holdings of sell position.

1. Open your OKX App and select Wallet > Trade > Derivative

2. Select your preferred Leverage > Buy (Long) > Limit order, insert your preferred price and amount in the Price and Amount field, then select Order option and Buy [Crypto]
   Note:

   • select Reduce-only: it'll limit your maximum amount to the current crypto positioning to avoid buying excess orders.

   • select TP/SL: it allows you to stop your losses and take profit at the TP/SL price that you've set.

   

   Insert the details to complete the order

3. Review the order summary and select Confirm to complete the order

How do I place a Sell (Short) perpetual contract order?

If you wish to either increase your short position or decrease your long position, you can do so by placing a Sell (Short) order.

If you anticipate the market to decrease, you can choose to buy a certain amount of BTC to increase your short position or reduce your long position. As an example, for the BTC/USDC perpetual contract, this is how you can sell BTC and reduce holdings of buy position.

1. Open your OKX App and select Wallet > Trade > Derivative

2. Select your preferred Leverage > Sell (Short) > Limit order, insert your preferred price and amount in the Price and Amount field, then select Order Option and Sell [Crypto]
   Note:

   • select Reduce-only: it'll limit your maximum amount to the current crypto positioning to avoid buying excess orders.

   • select TP/SL: it allows you to stop your losses and take profit at the TP/SL price that you've set.

   

   Insert the details to complete the order

3. Review the order summary and select Confirm to complete the order

Note:

• OKX DEX Perpetual only supports USDC-margined contract.

• You can find your order in Trade > Derivative > Positions.

• If you wish to close all the positions quickly, you can select the position you'd like to close > Close all.

• If you'd like to cancel your open order, you can select Cancel in the Trade > Derivative > Orders.

• If you'd like to reduce short positioning, you can reduce long orders in Positions.

• If there's a market fluctuation happening, orders might remain unfilled.