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

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.

DEX perpetual contract not only supports OKX Web3 wallet, but also Metamask or other available wallets on the page.

How do I receive test funds?

1. Open your OKX website and select Wallet > Trade > Perpetual trading

   

   Open perpetual trading page

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

3. After verifying your ownership, select Deposit to receive 500 USDC test funds
   Note: the test funds have no actual value and you can only receive a maximum of 500 test funds each time

   

   Select Deposit to receive test coins

4. You can also select Settings to select your trading preference

   

   Select Settings to select your trading preference

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 website and select Wallet > Trade > Perpetual trading

2. Select Buy (Long) > Limit order > insert Price > select your preferred Leverage > insert your trading Amount, then select Order option and Place an order
   Note:

   • select Reduce-only: it will 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

     

     Place a Buy (Long) 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 website and select Wallet > Trade > Perpetual trading

2. Select Sell (Short) > Limit order > insert Price > select your preferred Leverage > insert your trading Amount, then select Order option and Place an order
   Note:

   • select Reduce-only: it will 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

     

     Place a Sell (Short) 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 open position in Trade > Perpetual > Position

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

• If you would like to cancel your open order, you can select Cancel in the Trade > Perpetual > Open orders

• If you would like to reduce short positioning, you can reduce long orders in Position

• If there is a market fluctuation happening, orders might remain unfilled