Trading derivatives has become an essential strategy for cryptocurrency investors seeking to capitalize on both rising and falling markets. Among the most popular offerings on leading exchanges is the delivery contract — a futures product settled in digital assets with fixed expiration dates. On OKX, one of the world’s top-tier crypto platforms, users can access flexible and powerful delivery contracts directly from their mobile app.
This guide walks you through the complete process of using OKX delivery contracts on the mobile application — from fund transfers to opening and closing positions — ensuring you're equipped with everything needed to start trading confidently.
What Are OKX Delivery Contracts?
OKX delivery contracts are futures instruments denominated and settled in cryptocurrencies such as BTC or USDT. These contracts have predetermined settlement times, including weekly (this week, next week) and quarterly (this quarter, next quarter) expirations.
Traders can go long (buy) if they expect prices to rise or go short (sell) if they anticipate declines. Unlike perpetual contracts, delivery contracts expire at a set time and are settled based on the average index price at expiration.
These features make them ideal for strategic hedging, arbitrage, and directional bets with clear timeframes.
👉 Start exploring delivery contracts with a trusted global exchange today.
Step 1: Transfer Funds to Your Delivery Contract Account
Before placing any trades, you must allocate funds specifically to your delivery contract wallet.
How to Transfer:
- Open the OKX mobile app.
- Tap on your total net assets displayed at the top of the homepage.
- Select "Funds Transfer".
- Choose the source account (e.g., Spot Account or Savings).
- Select the cryptocurrency you wish to transfer (e.g., BTC or USDT).
- Enter the amount — or tap “All” to transfer the full balance.
- Set the destination as "Delivery Contract Account".
- Confirm the transfer.
Once confirmed, the funds will be available immediately for trading within the delivery contract module.
⚠️ Note: Assets in your delivery contract account are isolated for use only in this product unless transferred back manually.
Step 2: Selecting the Right Delivery Contract
After funding your account, it's time to choose your contract type.
Navigate to Trading:
- Tap the "Trade" tab at the bottom of the app.
- Select "Delivery" from the list of trading products.
You’ll see two main types:
- Coin-Margined Contracts: Margin and P&L are denominated in the underlying cryptocurrency (e.g., BTCUSD).
- USDT-Margined Contracts: Margin and profits are in stablecoin (e.g., BTCUSDT).
Choose based on your risk tolerance and settlement preference. Then, pick your desired market — for example, BTCUSD Weekly or ETHUSD Quarterly.
You can easily switch between different expiration cycles: This Week, Next Week, This Quarter, Next Quarter — allowing tactical positioning around key market events.
Step 3: Configure Your Account Mode and Leverage
Proper configuration enhances control over risk exposure.
Set Account Mode:
- Tap the menu icon (☰) in the top-left corner.
- Go to "Contract Settings".
Choose between:
- Cross Margin (Full Position Mode): All available balance acts as margin for the position — higher efficiency but greater systemic risk.
- Isolated Margin (Individual Position Mode): Only a specified portion serves as margin — better for managing risk per trade.
👉 Maximize flexibility with advanced margin modes designed for precision trading.
Adjust Leverage:
- Within the same settings menu, adjust leverage.
- For BTC, leverage ranges from 0.01x to 125x, depending on position size.
- Higher leverage amplifies both gains and losses — use cautiously.
You can modify leverage at any time before or after opening a position (as long as no pending orders exist).
Customize Display Preferences:
- Switch between USD, CNY, or other fiat currencies for price display.
Change trading units: trade by number of contracts ("Lots") or actual crypto quantity ("Coins").
- 1 BTC contract = $100 worth of BTC
- 1 altcoin contract = $10 worth of respective asset
This customization ensures intuitive trading whether you're focusing on dollar exposure or token amounts.
Step 4: Opening and Closing Positions
Now that your account is set up, you're ready to execute trades.
Placing an Order:
On the trading interface:
Choose order type:
- Limit Order: Set your exact entry price.
- Post-Only: Ensures you’re always a liquidity provider (avoids taker fees).
- Advanced Orders: Include stop-loss, take-profit, and trailing stops.
Select direction:
- Open Long → Profit if price rises.
- Open Short → Profit if price falls.
- Input desired price and quantity.
- Review and confirm.
🔍 Price Limits: Your order cannot exceed the current best bid (for buys) or best ask (for sells) unless placed as a marketable limit order.
When executed, your position appears under the "Positions" tab.
Step 5: Monitoring and Managing Open Trades
After placing an order, tracking its status is crucial.
Where to Check:
- Active Orders: Unfilled orders appear under the "Orders" tab.
Current Positions: Filled trades show under "Positions", displaying:
- Entry price
- Liquidation price
- Unrealized P&L
- Margin used
- Historical Data: Tap the menu → "History" → "Order History" to review past fills and canceled orders.
Use real-time charts and indicators built into the OKX app to monitor trends and adjust strategies accordingly.
Frequently Asked Questions (FAQ)
Q1: What happens when a delivery contract expires?
At expiry, all open positions are automatically settled based on the final index price. There’s no need for manual action — profits or losses are credited in the underlying asset.
Q2: Can I close my position before expiration?
Yes. Most traders close positions prior to settlement to lock in profits or limit losses. Early exit is fully supported at any time during trading hours.
Q3: Is there a fee for trading delivery contracts?
Yes. Trading incurs taker and maker fees, which vary based on your VIP level. However, holding OKB may reduce fees significantly.
Q4: What is the difference between coin-margined and USDT-margined contracts?
Coin-margined contracts use crypto (like BTC) for margin and settlement — exposing you to volatility in that coin. USDT-margined contracts settle in stablecoin, offering more predictable P&L in dollar terms.
Q5: How is liquidation calculated?
Liquidation occurs when losses deplete your margin below maintenance requirements. The system uses a mark price (based on external indices) to prevent manipulation-based liquidations.
Q6: Can I use stop-loss orders on mobile?
Absolutely. The OKX mobile app supports stop-loss, take-profit, and trailing stop orders — critical tools for risk management on the go.
Final Tips for Successful Trading
- Start with lower leverage until you’re comfortable with margin mechanics.
- Use isolated margin for new strategies to contain risk.
- Monitor funding rates and open interest via OKX’s analytics tools.
- Stay updated on macroeconomic news that impacts crypto markets.
👉 Access real-time data, deep liquidity, and professional-grade tools — all in one place.
By mastering these steps, you’ll be well-prepared to navigate OKX’s delivery contract market efficiently and securely from your smartphone. Whether you're hedging spot holdings or speculating on price movements, the mobile app provides full functionality without compromise.