How to sell a USDT perpetual contract

To sell a USDT perpetual contract on OKX, traders should select the contract, input the desired quantity and price, and execute a "Sell" order, which will be fulfilled when the market price aligns with their specifications.

Oct 22, 2024 at 03:36 pm

How to Sell a USDT Perpetual Contract on OKX

Perpetual contracts are a type of derivative that allow traders to speculate on the price of an underlying asset without having to take physical delivery of the asset. USDT perpetual contracts are perpetual contracts that are denominated in Tether (USDT), a stablecoin pegged to the US dollar.

To sell a USDT perpetual contract on OKX, follow these steps:

Log in to your OKX account and go to the "Perpetual" tab.
Select the USDT perpetual contract you want to sell.
Enter the number of contracts you want to sell in the "Amount" field.
Click the "Sell" button.

Your sell order will be placed on the order book and will be executed when the market price reaches your desired price.

Example:

Let's say you want to sell 1 USDT perpetual contract at a price of $0.995. To do this, you would follow these steps:

Log in to your OKX account and go to the "Perpetual" tab.
Select the USDT perpetual contract you want to sell.
Enter "1" in the "Amount" field.
Enter "0.995" in the "Price" field.
Click the "Sell" button.

Your sell order will be placed on the order book and will be executed when the market price reaches $0.995.

Tips:

When selling a USDT perpetual contract, it is important to consider the market conditions and the price of the underlying asset.
You can use limit orders to sell your contracts at a specific price, or market orders to sell your contracts at the current market price.
You can also use stop-loss orders to protect your profits in case the market price moves against you.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

MUBARAK

$0.1328

72.05%

Trade Now
BNX

$1.8320

58.33%

Trade Now
CARV

$0.3853

26.46%

Trade Now
MERL

$0.1297

23.19%

Trade Now
DF

$0.0982

21.86%

Trade Now
VANA

$6.7898

21.45%

Trade Now

Latest Crypto News

SpaceX Crew Dragon capsule carrying US astronauts Butch Wilmore and Sunita Williams will return to Earth on Tuesday evening
2025-03-17 15:25:57
Crypto PH News Recap: Mar. 10 – 16, 2025
2025-03-17 15:25:57
Bitcoin (BTC) Price Prediction: Will BTC Hit Rp1.63T ($100K) After the Fed's Decision?
2025-03-17 14:50:57
New RBI governor Sanjay Malhotra announces expansion of United Payments Interface (UPI)
2025-03-17 14:50:57
The Bitcoin call options contracts open than put options
2025-03-17 14:50:57
Han Lin Shares Gate.io's Entrepreneurial Journey, Platform Strategic Evolution, and Industry Insights
2025-03-17 14:50:57

Related knowledge

What is the difference between the mark price and the latest price on Binance Futures?

Mar 17,2025 at 02:36pm

Key Points:Mark Price: A fair price calculated using multiple exchanges' prices, minimizing manipulation. It's crucial for funding rates and liquidation calculations.Latest Price: The most recent trade price on Binance Futures. Subject to volatility and potential manipulation.Discrepancies: Differences arise due to market depth, order book imbalances, a...

What is the difference between limit orders and market orders on Binance Futures?

Mar 17,2025 at 04:10pm

Key Points:Limit Orders: Specify the price you're willing to buy or sell at. Execution is not guaranteed, but you control the price.Market Orders: Buy or sell at the best available price immediately. Execution is guaranteed, but the price may be less favorable than desired.Binance Futures Context: Both order types are crucial for managing risk and execu...

How to operate cross-product arbitrage of Bitcoin contracts?

Mar 17,2025 at 01:00pm

Key Points:Understanding Bitcoin contract arbitrage relies on exploiting price discrepancies across different exchanges.Successful arbitrage requires speed, low latency connections, and sophisticated trading algorithms.Risk management is crucial, as market volatility and slippage can negate profits.Fees and slippage significantly impact profitability. C...

What is the difference between the mark price and the latest price of Bitcoin contracts?

Mar 17,2025 at 04:35pm

Key Points:Mark Price: A fair and unbiased price calculated using multiple exchanges' data, minimizing manipulation. It's crucial for funding calculations and preventing liquidation.Latest Price: The most recent trade price on a specific exchange. It's susceptible to manipulation and volatility. It reflects real-time market activity but lacks the stabil...

How is the funding rate of Bitcoin contracts calculated?

Mar 17,2025 at 10:30am

Key Points:Bitcoin perpetual contracts utilize funding rates to align the price of the contract with the spot price of Bitcoin.The funding rate is calculated based on the difference between the perpetual contract price and the spot price, and the demand for long or short positions.A positive funding rate means long positions pay short positions, and vic...

How to avoid the risk of liquidation in Bitcoin contracts?

Mar 17,2025 at 09:56am

Key Points:Understanding Margin and Leverage: The core of avoiding liquidation lies in responsible leverage use.Monitoring Market Volatility: Sudden price swings are the biggest liquidation threat. Constant vigilance is crucial.Position Sizing and Risk Management: Never risk more than you can afford to lose. Proper position sizing is paramount.Stop-Loss...