OKX成长学院

#新手成长营 💝 The #新手成长营 Spot Trading Special Event is here! 📌 Event Rules are as follows 👇 📅 Date: May 12 - May 15 How to participate:👇 ① Open OKX APP - Planet - 🖊️ Post a thread ② Content must include the hashtag #新手成长营 and mention @OKX成长学院 ③ You may attach spot trading component images below the content 💬 Content should revolve around [Spot Trading], such as: coin selection strategies, entry and exit, trade reviews, buy/sell records, position insights, pitfalls experienced, market analysis, tool usage, indicator guidance... ♥️ as long as it fits the theme 🎁 Prizes: 🌟 Popular posts under the hashtag: 3U each 👯‍♀️ Top posts by combined views, likes, and interactions: after the event ends, top 15 will each receive 3U ✍️ Most posts: top 3 users with the most posts that comply with the rules will receive limited edition OKX merchandise 🧧 Random lucky draw: 20 winners will be randomly selected to receive random amounts and prizes 😜 🙋 Hidden rewards👇 🔹 If your post is selected as high-quality, it will be featured and gain more exposure 📖 🔹 First-time posters on Planet will receive exclusive extra rewards (👉 you can comment below this post to let me know) 🤔 The editor will actually add extra rewards at the end 😎 💰 Rewards are not cumulative and will be distributed within 7 business days after the event ends ❗️ If your account is found to have violated rules by the system, rewards will not be issued and will be passed to the next eligible participant 🎉 Welcome to join, watch, and we look forward to seeing you at #新手成长营# 👀

#新手成长营 #新手成长营 ➡️ Spot Trading Special 📈📉 🤔 If trading is a path that requires continuous climbing, then spot trading might be the true starting point for everyone. ✍🏻 Buying, selling, watching the market, timing, coin selection, narratives, concepts — sounds simple, but to really get it right, you need to avoid many pitfalls. 💡 This week, #新手成长营# will focus specifically on 【Spot Trading】👇 💬 Your coin selection logic, position building ideas, take profit and stop loss methods, position management, hotspot analysis, real trading records... all the voices we need ❤️ 😊 Welcome to #新手成长营# to chat about spot trading, first come first served 👇 🙋🏻‍♂️ Today's interaction: Leave your spot trading story in the comments (short is fine) 💝 Randomly select 5 participants to receive a rebate card ➡️ Preview: Special posting event, see you tomorrow～

#新手成长营 【Spot Trading】 Special Topic 🙋🏻‍♀️🙋🏻‍♂️ Spot trading also has its own 【leverage】 📌 Next: Complete Guide to Spot Leverage (Part 2) | Leverage · Margin · Risk Control 【Can spot leverage also liquidate? Explaining tiers, margin, and forced liquidation clearly】 In the previous part, we covered the underlying logic of borrowing and repaying coins. The next part focuses on practical operation and risk control — this is the real key to whether you survive👇 📐 Leverage tier rules Each coin and each tier has three different parameters: 🔸 Maximum borrowable amount 🔸 Maximum available leverage multiplier 🔸 Maintenance margin rate ⚠️ A counterintuitive point: the higher the leverage multiplier, the smaller the borrowing limit. So when you have more available funds, if you choose a higher leverage multiplier, the maximum borrowable amount might actually be less than that under a lower multiplier. 📌 Important reminder: Contracts support up to 100x leverage, spot leverage supports up to 10x. ⚙️ How to adjust leverage multiplier? 🔸 Before opening a position: Trading page → Turn on the 【Leverage】 switch → Click the multiplier after the position mode → Select → Confirm 🔸 After opening a position: Position panel → Click the leverage multiplier icon below the trading pair → Select → Confirm Condition to increase leverage: Adjusted multiplier < maximum leverage multiplier of the current tier for the number of contracts held → Success 👉 After adjustment, the required margin for opening positions decreases, allowing more contracts to be opened Condition to decrease leverage: Sufficient available balance in the account to add margin is required for success 👉 Required margin for holding positions increases, allowing fewer contracts to be opened ⚠️ Note: 1️⃣ Increasing leverage ≠ proportional amplification of profit and loss; it depends on the actual number of coins held 2️⃣ Adjustment takes effect immediately; failure to adjust is usually due to unwithdrawn orders (including take profit/stop loss, limit orders), which can be adjusted after cancellation 3️⃣ Cannot decrease leverage if balance is insufficient; need to add margin first ⚖️ Cross margin vs Isolated margin Cross margin: All positions share margin, profits and losses offset each other ✅ Advantage: effectively reduces liquidation risk ⚠️ Disadvantage: liquidation may cause loss of all positions Isolated margin: Each position’s margin and P&L are calculated independently ✅ Advantage: liquidation only loses the current position ⚠️ Disadvantage: cannot hedge with profits from other positions Beginners are advised to start with isolated margin to lock risk within a single trade. This also applies to contracts! ➕ How to add margin? 📥 Isolated mode (flexible operation): Position / Asset panel → Click the 【➕】 button after margin 🔹 Can add 10%–100% of trading account funds · 🔹 More margin → liquidation price farther away → lower risk 🔹 Maximum increase/decrease amount depends on page display 📥 Cross margin mode (no add button): 🔹 Contract margin cross = using the full value of a certain coin as margin 👉 Transfer that coin directly to the 【Trading Account】, it will automatically be added to cross margin, increasing margin rate 📥 Cross-coin cross margin (special rule): Orders do not show under 【Positions】, no add button 👉 All coin values are converted to USD and used as margin together 👉 Transfer any one or multiple coins to 【Trading Account】, automatically added to opening margin 🚨 Two red lines for risk control, must remember Higher leverage multiplier and larger borrow amount → easier to trigger risk control 🔹 Margin rate < 300% → system issues a position reduction warning, advising to reduce positions 🔹 Margin rate ≤ 100% → system executes position reduction or forced liquidation based on asset-liability status 📌 When you see the 300% warning, take action; don’t wait until 100%. 🛒 A common question: Why can’t I sell even though my account has funds? Many find assets in their leverage account but can only sell part of them, usually for two reasons: ① Limit price rule: In leverage trading, the estimated selling price cannot be lower than 95% of the best bid price. Orders below this floor price will be restricted or canceled — to prevent abnormal fluctuations. ② Too high leverage multiplier: Maximum borrow amount is limited by position tier; the higher the leverage, the less you can borrow. Even if assets appear "available" in the account, the actual sellable amount is capped by the tier limit. 💬 Summary of next part & full text Remember 5 things from both parts combined: 1️⃣ Borrowing coins depends on a simple profit pool; failure to borrow may mean the pool is empty or the risk pool is full 2️⃣ Interest is calculated hourly on the hour; repaid within 10 minutes incurs no interest 3️⃣ 100% position close ≠ zero position; debts and interest must be repaid 4️⃣ Higher leverage means smaller borrowing limit; more aggressive is not freer 5️⃣ Margin rate 300% is the warning line, 100% is the life-or-death line

#新手成长营 【Spot Trading】 Special Topic 🙋🏻‍♂️ Spot trading also has its own 【leverage】 📌 Previous article: Complete Guide to Spot Leverage (Part 1) | Borrowing Coins · Interest · Repayment 【How does spot leverage work? A thorough explanation of borrowing and repaying coins】 In the community, we are often asked: "How exactly does spot leverage work? Where do the borrowed coins come from? How is interest calculated?" — These are essential basics to understand first. Today, we split it into two parts, starting with the underlying mechanism 👇 🔑 Understand spot leverage in one sentence Use the assets in your account as collateral to borrow coins from the platform for two-way trading, with up to 10x leverage. Profits are magnified tenfold, and losses are magnified tenfold as well. ✅ Spot mode, contract mode, cross-currency margin, portfolio margin — leverage is available under all account modes, supporting both isolated and cross margin methods. 💰 Where do the borrowed coins come from? — Market Borrowing Pool The platform’s borrowing pool comes from the flexible deposits in Simple Earn (idle coins deposited by other users). How much you can borrow depends on the lowest of these three: 🔹 Your current user level’s borrowing limit 🔹 The position tier limit for that coin 🔹 The total limit of the Simple Earn fund pool ⚠️ Therefore, there are two "unable to borrow" scenarios: 1️⃣ Insufficient Simple Earn deposits 2️⃣ Too many borrowing users — risk pool limit triggered If this happens, try again at a different time. 📊 How is interest calculated? 🔹 Liabilities in cross margin and isolated margin are calculated and deducted separately 🔹 When repaying, interest is paid first, then principal · Interest is calculated once every hour on the hour (based on midnight as reference) 🔹 Interest is deducted once per hour · Interest calculation duration is 10 minutes, and newly generated liability interest during this period is also counted 📝 Example: 🔹 Borrow at 22:55 → Interest calculated and deducted at 23:00 ✅ Interest incurred 🔹 Borrow at 22:55 → Fully repaid at 22:57 ✅ No interest incurred 💸 How to repay borrowed coins and interest? (By mode) ① Contract mode: After borrowing in cross or isolated margin, closing the position automatically repays principal and interest ② Cross-currency margin mode: After closing the position, check liabilities under the 【Assets】 tab (interest included in liabilities). You need to buy back the liability coin in spot trading to repay fully. ⚠️ Note: You cannot switch trading modes before liabilities are fully repaid. ③ Spot mode: Click the 【Repay】 button under the liability coin in the 【Assets】 tab. If the available balance of that coin is insufficient, the platform will prompt you to select other assets to sell for repayment. ⚠️ Large exchanges may cause longer exchange times and greater slippage; be mindful of market volatility. ❓ A common pitfall: Why isn’t the position fully closed after 100% liquidation? 👉 Because there are still liabilities or interest unpaid in the position. 💬 Summary of Part 1 The essence of spot leverage = collateral assets + borrowing coins for trading + timed interest calculation + full repayment to clear the position. Understanding these basic mechanisms is necessary before moving on to risk control and operational steps in the next part. Preview of next part 👉 Leverage tiers, adjusting multiples, cross margin vs isolated margin, margin top-up, forced liquidation rules Although I wrote a lot of concepts, the actual operation is really simple. See the operation diagram below 👇

#新手成长营 📘【How to Check Spot Assets? Where to See Open Orders? A Guide to Understanding Your Account】 Many people ask after buying a spot coin👇 👉 Where did the money go? 👉 Where are the open orders? 👉 Why can't I see my positions? Let me explain👇 🧠 1. Basic Explanation • Asset valuation is for reference only; please refer to the actual holding quantity • Can be displayed according to platform price and supports switching units/coins 📌 What is an open order? 👉 Open order = unfilled order 👉 An order placed at a specified price that does not execute immediately but enters the market waiting to be matched 📊 2. How to Check Assets? Open the App → Click [Assets] You can see👇 • Total asset valuation • Asset valuation curve 📌 Suggestion: Do not check [Hide Small Balances], otherwise some assets will not be displayed ▪ Check earnings Click the [Earnings Status] icon You can see👇 • Earnings curve • Profit and loss details 📌 Note: Today's earnings are calculated based on the asset snapshot at 0:00 daily 👉 If assets are transferred in after 0:00 → They will only show the next day 📄 3. How to Check Open Orders? Orders placed but not filled👇 👉 Check in the trading page under [Current Orders] Types of orders you can view include: • Limit / Market • Advanced limit orders • Take profit and stop loss • Planned orders 📌 Reminder: Assets in open orders are frozen 👉 You can unfreeze by canceling the order (except planned orders) 📦 4. How to Check Spot Positions and Assets? Go to the trading page → Click [Positions and Assets] 📌 Key points: 👉 Spot trading has no "positions" concept 👉 Essentially, it is coin conversion So: 👉 Just check the holding quantity directly on the [Assets page] ▪ If you can't see holdings Please confirm: 👉 Whether the current account mode is spot mode ▪ Smart copy trading position check Path👇 [Current Copying] → Select trader → Enter [Copy Details] You can see👇 • Earnings details • Investment changes • Current positions • Historical positions 🔍 5. How to Check Followed Coins? Open the App → [Assets] → [Deposit] Enter the coin name You can see👇 • Whether the coin is supported • Supported networks ▪ Add to favorites If the platform supports the coin 👉 You can add it to favorites 📌 Used for: Real-time market and trend viewing 📌 Summary in one sentence 👉 Check assets on [Assets page] 👉 Check open orders on [Current Orders] 👉 Spot has no positions; just look at tokens in assets Spot trading is easy to get started, practice makes perfect~ Feel free to ask anytime!

#新手成长营 📊【Crypto Weekly Report Vol.7】Quick Overview 🗓 2026.05.04 — 05.10 Published: 2026.05.04 — 05.11 📸 Data Snapshot (OKX K-line｜00:00 Market Open Basis) 🪙 Market 🔹BTC $81,413.4 📈 +3.49% 🔹ETH $2,347.78 📈 +0.48% 🔹SOL $94.54 📈 +12.36% 🔹OKB $88.67 📈 +3.48% 💰 Funds / On-chain 🔹BTC Spot ETF: 9 consecutive days of net inflows totaling ~$2.7 billion, IBIT single-day inflow on 5/4 +$335M (~63% share) 🔹ETH Spot ETF: This week net inflow +$328 million (reversing last week's -$82M downturn) 🔹SOL Spot ETF: This week net inflow about +$33 million (holdings nearly 2% of circulating supply) 🔹Largest single-day liquidation: 5/4 total network 24h $370 million, shorts $302 million (short squeeze dominant) 🔹BTC Futures OI: 763.35K BTC, a record high 🌍 Macro 🔹4/29 FOMC maintains federal funds rate at 3.50—3.75% unchanged 🔹June rate cut probability only 5.1% · Gold fluctuates at high levels (market reported a brief break above $4,720 during the week) 🔹Fear & Greed Index: Weekend 49 (Fear), about a week ago peaked at 71 (Greed), significant cooling 📰 Top 5 Events This Week 🟢 1️⃣ BTC ETF 9 consecutive days net inflow totaling $2.7 billion, clear institutional slow bull characteristics, IBIT's leading position continues to consolidate. 🟡 2️⃣ CLARITY Act "End of May Deadline" Senator Moreno warns: If not passed by end of May, digital asset legislation is unlikely; Senate markup expected to advance this week. 🔴 3️⃣ Brazil Central Bank bans stablecoins for cross-border payments effective 10/1, the largest Latin American economy's first explicit restriction. 🟢 4️⃣ BitMine weekly new addition of 101,745 ETH, total holdings 5.18 million, the most aggressive ETH reserve strategy among listed companies. 🟢 5️⃣ Citrea mainnet launch + intensive progress in ZK infrastructure, BTC L2 and ZK sector funding warming up, Base + SP1 have proven $7.4 billion deposits. 🔭 Next Week Preview (05.11 — 05.17) ⭐⭐⭐⭐⭐ Midweek (usually around 5/13)｜US April CPI (exact date per BLS official schedule) ⭐⭐⭐⭐ Midweek (following CPI)｜US April PPI ⭐⭐⭐⭐ Within the week｜CLARITY Act Senate markup ⭐⭐⭐ Later in the week｜US April retail sales + intensive Fed officials' speeches ⚠️ Major Warning: 5/19 PYTH unlocks 2.13 billion tokens (about 36.96% of circulating supply) — the most threatening potential sell pressure this month. 💬 Editor's Note: Institutional slow bull, retail cautious — it's a rise, not a frenzy; divergence, not resonance. ⚠️ The above content is only market information compilation and AI-assisted editing, not investment advice. Crypto asset prices are highly volatile; investment requires independent judgment, pay attention to position management and stop-loss settings. 🗓 Next Vol.8 · See you

#新手成长营 📊 How to check profit and fee calculation details? Many friends want to review their 【profits】 and 【fees】 after trading. Today, we will explain the calculations from two perspectives: 👉 before opening a position and 👉 after opening a position 👇 🚀 1. About Profit ✅ Before opening a position: It is recommended to use the calculator 👇 💻 Open the OKX App, go to the contract 【Trading Page】 Click the “···” button at the top right corner of the page and select “Calculator.” 📓 Enter the relevant parameters in the calculator (such as contract type, direction, leverage, opening price, closing price, quantity, etc.) It will automatically calculate the estimated profit and loss and other information. ✅ After opening a position: How to check “profit”? 👇 Taking ETHUSDT perpetual as an example: 📍 Open the OKX App → Tap 【Trade】 → Go to 【Trade History】 → Select 【Historical Positions】 → Tap the corresponding position → View 【Realized Profit】 You can see the detailed realized profit of that position. If you are still holding the position: the profit amount will be displayed in the current position, and your estimated assets will fluctuate up and down with the profit and loss~ 🚀 2. About Fees ✅ Before opening a position: You can also use the calculator to estimate 📓 Enter the relevant parameters before opening the position to see the fees 🙋 Actually, there is a fixed formula for calculating fees: Taking USDT contracts as an example 👇 Opening/closing fee = face value * number of opening/closing contracts * opening/closing price * fee rate ✅ Already opened a position: How to check “fee details”? 📍 On the 【Trade History】 page → Tap 【Historical Orders】 → Select the corresponding order → Tap the 【Fee】 amount You can view the specific opening and closing fees. The system will not make mistakes~ 📌 Summary in one sentence: Before opening a position → it is recommended to use the 【Calculator】 for estimation After opening a position → just check 【Trade History】

#新手成长营 🤔 Why does the margin decrease even when the perpetual contract position hasn't been reduced? Many friends trading perpetual contracts have encountered this confusion: the position hasn't moved at all, so why does the position margin fluctuate or even decrease? Don't panic, this is not a system bug. There are mainly two reasons: market price fluctuations and the funding fee mechanism. 📈 📉1️⃣ Market price fluctuations (especially obvious in cross margin mode) If you are using cross margin mode, the formula is as follows:⬇️ Position margin = Notional value × Number of contracts × Latest mark price ÷ Leverage Notice the "latest mark price"—this number changes in real time. So when the coin price moves, your occupied margin moves accordingly, even if you haven't changed your position. 💰 2. Funding fee mechanism (the most common reason) Perpetual contracts have no settlement date. Through the funding fee mechanism, longs and shorts pay each other fees to "anchor" the perpetual price close to the spot price. ⏰ When is it charged/paid? OKX platform generally charges/pays at three times daily: 8:00, 16:00, and 24:00 (UTC+8), once every 8 hours. 🧮 How is it calculated? Funding fee = Position value × Current funding rate 🔸 Funding rate positive → Longs pay shorts 🔸 Funding rate negative → Shorts pay longs That means you might be charged or might receive money, depending on your position direction and the current rate. 📌 Funding fees are payments exchanged between users. 💡 Tips 🔸 Don’t want to pay funding fees? Close your position before the settlement time. 🔸 In cross margin mode, large coin price fluctuations significantly affect occupied margin, so keep enough risk buffer. 🔸 Funding fees have a relatively small impact on cross margin; price fluctuations are the main factor.

#新手成长营 👑【OKX VIP｜Why do others pay half the trading fees when trading the same way as you?】 🤫 Because they are OKX VIP ➡️ Fee discounts, dedicated customer service, and earning interest by holding coins ⚡ The larger your trading volume, the more rewards the platform gives you 🎁 1. VIP Exclusive Privileges ▪ Fee discounts — comprehensive discounts on maker and taker fees, the higher the level, the bigger the discount ▪ Dedicated account manager — one-on-one service, responsive anytime ▪ USDT Auto Earning — automatically earn passive income after activation ▪ BTC Holding Interest Treasure — principal guaranteed, daily earnings, zero lock-up period, zero fees ▪ Dual Currency Win Exclusive Rates — higher yield levels, more flexible entry and exit ▪ Exclusive peripheral benefits — multiple exclusive gifts annually 📈 2. How to Become VIP Meet any one of the following conditions to upgrade: ▪ Asset amount — hold sufficient assets on the platform ▪ Trading volume — spot, futures, options trading volume (calculated in USD) reaches the corresponding threshold 💡 Asset and trading volume snapshots are taken daily at 00:00 (UTC+8), levels updated between 04:00–06:00 Deposit $1,000 or more to trigger an immediate level review 📍 For specific asset/trading volume requirements per level, check the official fee rate page 🎟️ 3. VIP Experience Card — Enjoy VIP benefits even before becoming VIP Application conditions: ▪ Total account assets not less than $100,000, or trading volume in the last 30 days not less than $1,000,000 (either condition) ▪ Regular users can also apply with trading volume or asset proof from other exchanges Experience content: ▪ Experience level is 1–2 levels higher than actual level, up to VIP 6 ▪ Enjoy higher-level fee discounts Review rules: ▪ Reviewed every 30 days, the first cycle only upgrades, no downgrades ▪ If actual level falls below VIP 1 later, experience card qualification is canceled and must wait 30 days to reapply 📱 4. How to Check VIP Level App: Top left corner on homepage [Grid icon] » Click VIP recommendation card Web: After login, click [More] » [VIP Users] 📌 Summary: ⚡ Not qualified yet? Apply for the experience card first to unlock higher fee levels early ⚡ The fees you save are extra earnings

#新手成长营 Comprehensive Analysis of Contract Liquidation Mechanism: From Trigger Conditions to Calculation Understanding liquidation is key to surviving longer in the contract market. A must-read before opening a position 👇 01 What is Liquidation ⚠️ Liquidation is the process where the system automatically handles risky positions when the maintenance margin rate hits the danger line. There is only one trigger condition: Maintenance Margin Rate ≤ 100%. OKX uses a tiered liquidation mechanism, processing in three steps instead of a one-shot full liquidation: ① Cancel open orders to release margin ② Gradually reduce positions by tiers, stopping once requirements are met ③ Continue if still unmet, until fully liquidated 02 How to Calculate Liquidation Price 🧮 Liquidation is based on the mark price, not the latest transaction price. The mark price can be toggled and viewed on the K-line chart. [Viewing Liquidation Price - Before Opening Position]: Input price in the calculator to get the estimated liquidation price [Viewing Liquidation Price - After Opening Position]: Check the [Estimated Liquidation Price] in your open positions Recommended to use the calculator before opening a position: 💻 Open the OKX App, go to the contract [Trading Page], click the “···” button at the top right, and select “Calculator.” 📓 Enter relevant parameters (such as contract type, direction, leverage, opening price, closing price, quantity, etc.) in the calculator, which will automatically calculate estimated P&L, opening cost, liquidation price, and more. 🧮 The calculator supports both USDT-margined and coin-margined contracts, making it easy for you to assess risk and manage funds based on different contract types. Here’s an example 👇 BTC/USDT perpetual, 3x leverage, opening price 60,996 U, opening 0.5 BTC, available margin 5,000 U ➡️ Liquidation price: 51,226.5 USDT 03 Fees Involved in Liquidation 💸 Two fees are incurred during liquidation: 🔹 Liquidation fee: charged at the taker fee rate. 🔹 Liquidation penalty: covers slippage and bankruptcy losses, with net P&L injected into the risk reserve account to protect other users. 04 Maintenance Margin Rate Requirements ⚠️ [Maintenance margin rate represents the margin amount you must provide to maintain your position] 🤔 The maintenance margin rate is determined by multiple factors, including your adjusted equity (account equity considering unrealized P&L, i.e., the actual value supporting your position) and maintenance margin requirements, which may vary depending on account mode and position tier. 💰 In short, your maintenance margin rate is not a fixed number; it is expressed as a percentage and adjusts based on your equity, account mode, and position size. 05 Good Habits to Avoid Liquidation ✅ 💡 Calculate your liquidation price before opening a position to be mentally prepared 👀 Switch K-line to mark price mode to monitor the real trigger line 📉 Higher leverage means higher risk; controlling leverage is key 💰 In cross margin mode, timely add margin to give yourself room Liquidation is not the end; it is the result of risk management failure. Understanding the mechanism and planning ahead will help you go further in the contract market 🚀