Step 2-2 — Concurrent Delta Reduction Simultaneously, the system continues to reduce Net Delta via close-only limit orders in the trading accounts. Target: the lesser of (a) the platform-wide delta limit and (b) 30% of the Net Delta recorded at the time Step 2 was triggered. Result: Item Before Step 2 After Step 2 Liability 5,000,000 USDT 1,350,000 USDT Discounted Eq. 5,350,000 USD 1,755,000 USD Net Delta +1,300,000 USD +390,000 USD MR% 7% 30% Step 2 Exit ✓ MR% has risen above 30%.

At the time of the snapshot, all the LUNA and UST tokens that are being withdrawn or not deposited successfully will not be included. 2. At the time of the snapshot, accounts that hold LUNA and UST tokens valued under 1 USD will not be included in the airdrop. For more: OKX's detailed rules for LUNA airdrop Terra - Luna airdrop distribution OKX December. 23, 2022 (UTC)

We're excited to announce an upcoming P2P activity with over 2 billion PEPE to be won!

Mark Price The mark price for TradFi X-Perps follows the standard OKX formula: Mark Price = Index Price + Basis Moving Average Where: Basis Moving Average = Moving Average of (Mid Price − Index Price) Mid Price = (Best Ask + Best Bid) / 2 The mark price logic is the same as for regular X-Perps. Refer to the Mark Price documentation for details. Price Limits Price limits for TradFi X-Perps follow the same logic as regular X-Perps.

Q: What is X Drops Club? X Drops Club brings together token campaigns on OKX. Join a campaign and complete its trading or task requirements to qualify for rewards. Each campaign has its own eligibility rules, reward limits, and airdrop schedule, so check the campaign page before you join.Q: Where do X Drops Club rewards come from? Each campaign has a fixed amount of rewards.

USD Expiry Perps (X-Perps) OKX USD-margined X-Perps are derivative products settled in USD-equivalent currencies such as USDC, USDG, or USD. They include a funding fee mechanism to help keep prices aligned with the spot market and have a defined future expiration date.

The detailed delisting plan is as follows:X-Perp trading X-Perp Delisting time SKDDUSD UM (X-Perp) September 3, 2026, 06:00 UTC Considering that the market may fluctuate sharply before delisting, please manage your risk level by reducing the actual leverage multiples or closing positions in advance. If there are any price deviations prior to delisting, OKX may adjust the limit price rules based on market conditions.No delivery fees or additional settlement costs will be incurred when delisting.

| Simple X-Perps FAQ | TradFi X-PerpsHow to Open an OKX Account? 1. Create your account Download the OKX app or go to okx.com, tap "Sign Up," and enter your email or phone number. Set a strong password, then confirm the verification code sent to you. 2. Turn on two-factor authentication Add an authenticator app for extra login security before you go further. 3. Verify your identity (KYC) You'll need this before you can trade, deposit, or withdraw.

What are Stocks, Oil, Gold and Silver X-Perps? A Stocks, Oil, Gold and Silver X-Perp is an expiry futures contract offered by us that tracks the price of an underlying asset, such as a US stock, ETF, or commodity, without transferring ownership of that asset. X-Perps are UM-margined, meaning positions are funded and settled in USD, USDC, or USDG.

Understanding margin In the crypto X-Perps market, margin is a percentage of the value of the X-Perps contract that traders place in an account to open a position.2. Calculating margin OKX has two margin modes: selected and isolated. Selected mode: In selected margin mode, the entire margin balance is shared among all open positions, which can help lower the risk of liquidation.

X-Perps are complex, leveraged products and may be subject to different rollout timelines, compliance requirements, or operational conditions depending on your region. This means access may not be enabled at the same time in every EEA country, even though all 30 are supported.How do I check whether X-Perps are enabled for my account?

For how the product works end to end, see the OKX X-Perps guide. For how to open, manage and close a position, see How to trade X-Perps on OKX.How does X-Perps differ from spot trading? In spot trading, you buy or sell the actual asset (for example, BTC or ETH).

Note: this article is for verified users trading X-Perps in the EEA region. This article explains how PnL (profit and loss) works in X-Perps, so you can understand what your account is showing and why your net result may differ from the raw price move. In X-Perps trading, PnL (profit and loss) is commonly shown in two forms: unrealized PnL and realized PnL.What's unrealized PnL in X-Perps? Unrealized PnL is the gain or loss in an open position based on current pricing.

We are pleased to officially launch CAPUSD USD Expiry Perp (X-Perp). The updates will cover the web and app interfaces, as well as the API. The details are as follows: Supported trading pairs: CAPUSD UM (X-Perp) trading will open at 08:45 UTC on June 30, 2026 X-Perp is designed to deliver a more flexible and efficient derivatives trading experience. Users are advised to fully understand the risks associated with leveraged trading and manage their positions accordingly.

X-Perps supports multiple order types to help you manage entries, exits, and risk. The right order type depends on whether you prioritise speed, price control, or automation. Note: this article is for verified users trading X-Perps in the EEA region.What is a market order in X-Perps? A market order executes immediately at the best available price(s) in the market. Use when: execution speed matters more than exact price.