USD Expiry Perpetuals (X-Perps) OKX USD-margined X-Perp is a derivative product that settled in USD. X-Perps are settled in USD-equivalent currencies such as USDC, USDG, or USD. The X-Perp includes a funding fee mechanism to keep prices aligned with the spot market. It has a defined expiration date set in the future.

Because the settlement date is so far in the future, X-Perps behave functionally like perpetuals for the vast majority of traders.How does X-Perps differ from standard perpetual futures?

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.

The classification may affect certain regulatory protections, but the X-Perps product offering is identical for both.2. Do I need to complete KYC before the appropriateness assessment? Yes. You must complete identity verification (KYC) before you can access the appropriateness assessment or trade X-Perps. Important note: X-Perps are leveraged derivatives. Leverage can amplify both gains and losses, and losses may occur rapidly. These products may not be suitable for all investors.

If your X-Perps order was rejected, here's what to check. Rejections usually mean one or more trading, margin, or risk-control conditions were not met at the time of submission.

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.

To expand multi-chain access and better meet users’ trading needs, OKX is pleased to announce support for BABYDOGE deposits and withdrawals on the X Layer chain, offering users greater flexibility and an enhanced on-chain experience. As part of the ongoing X Layer PP upgrade and OKB gas optimisation, BABYDOGE support on the OKTC chain will be gradually sunset.

We'll be supporting the X Layer (OKB) network upgrade. We’ll suspend deposits and withdrawals of X Layer (OKB) and tokens belonging to the network at 02:00 pm UTC on October 27, 2025. The services will resume once the upgraded network is stable without further announcement. If you hold any OKB and tokens belonging to the X Layer network in your account, you don’t need to do anything during the upgrade period.

X Layer uses improved zk-SNARK for more compact and cost-effective transactions, and dramatically reduces transaction fees, making it affordable for users to engage with their digital assets. X Layer is Integrated with both OKX exchange and OKX Wallet. With McLaren NFT on X Layer, McLaren fans will be able to connect with over 50 million active crypto-native builders and creators on the X Layer and OKX platform, and have access to the gateway of web3 world.

This is subject to platform rules and your specific position setup.Why leverage matters in X-Perps? X-Perps are margin-based products.

Campaign Overview and Period The "450,000 XPL X-Drops Campaign" (the "Campaign") begins on December 17, 2025 (the "Start Date") and ends on December 23, 2025 (the "Campaign Period").

.; (vi) third-party blockchain service interruption or delay caused by its computer system being damaged, defective, or unable to normally perform; (vii) losses arising from technical problems that cannot be predicted or solved by existing technology in the industry; (viii) losses you or other third parties suffer that arise from the fault or delay of the third-party; (ix) losses you or other third parties suffer that arise from changes in laws, regulations, and/or government orders; and/or (x) losses

1. Campaign Organizer OKX Serviços Digitais Ltda., a limited liability company registered in Brazil under CNPJ no. 50.459.025/0001-26, with its registered office at Avenida Brigadeiro Faria Lima, n. 4055, floor 101, room 01-103, Itaim Bibi, in the City of São Paulo, State of São Paulo, ZIP Code 01318-903 ("OKX Brazil"). For the avoidance of doubt McLaren Racing Limited is not the Campaign...

One of the key features of X-Perps is multi-asset margin. You can use your existing crypto holdings as margin — putting your crypto to work without needing to sell it or hold cash separately. Note: this article is for verified users trading X-Perps in the EEA region.What assets are supported as margin for X-Perps? X-Perps on OKX supports multi-asset margin.

This guide explains how to trade X-Perps (Expiry Perps) on OKX.