Realized P&L
Refers to the profit or loss generated from positions that have been closed by the user before contract settlement/delivery liquidation.
Disclaimer
This article may contain product-related content that does not apply to your region. This article is intended to provide general information only and does not make any representations or warranties about the completeness, accuracy, or reliability of any information in this article. This article does not represent the opinions of OKX and is not intended to provide any advice, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holding digital assets (including stablecoins) involves a high degree of risk and may fluctuate significantly in value or even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please consult your legal/tax/investment professional regarding questions specific to your circumstances. The information contained in this article (including market data and statistics, if any) is provided for general reference purposes only. While we have taken all reasonable precautions in preparing such data and charts, we make no representations and accept no responsibility for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in its entirety or used in excerpts of 100 words or less, provided that such use is non-commercial in nature. Any reproduction or distribution of the full article must be prominently accompanied by the following notice: "© 2025 OKX, used under permission." Authorized excerpts must cite the article name and include attribution, for example: "Article Name, [Author Name (if applicable)], © 2025 OKX". Portions of this content may have been generated or assisted by artificial intelligence (AI) tools. Derivative works and other uses of this article are not permitted.
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Maker/Taker
A maker order, also known as a maker, refers to an operation that provides liquidity to the market in order book-based trading. A taker order, also known as a taker, refers to an operation that extracts liquidity from the market in order book-based trading. Since maker and taker orders have opposite effects on market liquidity, most trading platforms impose different fee tiers for maker and taker trades. Generally speaking, the maker fee rate is lower than the taker fee rate. Click View
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Trading Currency/Quote Currency
In spot trading, transactions are generally conducted between one digital asset and another. Taking the ETH/BTC trading pair as an example, ETH is the "trading currency" and BTC is the "quote currency." OKX currently has three trading zones: USDⓈ Trading Zone, USDT Trading Zone, and CRYPTO Trading Zone.
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Margin Rate
What is the margin rate? The margin rate is an important indicator used to assess the risk status of an account, widely applied in leveraged trading, options, and perpetual contracts. It is used to determine whether an account can sustain its current positions and helps traders reduce the risk of liquidation. If the margin rate falls below the threshold set by the platform, a liquidation mechanism may be triggered to protect the trader and the platform's assets. Margin rate calculation Formula: Margin rate = (Cross-margin balance of that currency + Cross-margin P&L
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Funding Rate
To ensure that perpetual contract prices reflect changes in the underlying market, exchanges have established a funding rate mechanism. This mechanism promotes regular cash exchanges between long and short position holders, bringing perpetual contract prices closer to the index price. When the funding rate is positive, long position holders pay the funding rate to short position holders; conversely, when the funding rate is negative, short position holders pay the funding rate to long position holders. Note that the platform only facilitates the exchange of funding rates between long and short
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Slippage
Slippage generally refers to the deviation between the actual execution price and the intended execution price, typically moving in a direction unfavorable to the trader, resulting in additional losses. It mainly occurs during entry and stop-loss operations, and does not occur when exiting a profitable position. When prices rise rapidly, investors want to enter the market promptly to go long in line with the market direction, causing many orders to crowd the long side, while counterparties are reluctant to sell and are hesitant to go short or
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Options Contracts
Simple Trading/Pro Trading Options are a right that can be exercised at a future point in time. After buying an option, if exercising the right is beneficial to the buyer on the expiration date, the buyer will receive corresponding proceeds through exercise, and the seller must make corresponding payments to accommodate the buyer's exercise. If exercising the right is not beneficial to the buyer on the expiration date, the buyer may choose not to exercise, and the seller is not required to make corresponding payments. OKX offers options contracts with Bitcoin (BTC) and Ethereum (ETH) as the underlying assets.
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