How to Set Leverage on X-Perps

Leverage increases your market exposure relative to the margin you post. A 10x leveraged position on €100 of margin controls €1, 000 of market exposure. A 1% move in the underlying asset generates a 10% change in your margin, a gain of €10 if it moves in your direction, a loss of €10 if it moves against you. This amplification works in both directions and also determines your liquidation price. The higher your leverage, the closer the liquidation price is to the current market price. Before you confirm any leveraged order, the order panel shows your estimated liquidation price, if it’s uncomfortably close to the current price, reduce your leverage or increase your margin before proceeding.

Leverage is set in the order panel before you place an order:

1. Open the X-Perps order panel, on the right side of the trading interface and choose "Trade".

2. Choose the margin mode "Selected" or "Isolated"

3. Find the leverage selector, displayed as a multiplier (e.g. 3x) in the order panel.

4. Tap or click the leverage value, a slider or input field will appear.

5. Set your leverage, adjust to your chosen value between 1x and 10x.

6. Your estimated liquidation price and required margin update automatically, check these before placing the order.

1. Open the OKX app and navigate to X-Perps

2. Select the market you want to trade

3. In the order panel, find the leverage selector

4. Tap the leverage value to open the slider or input

5. Adjust to your chosen level between 1x and 10x

6. Your estimated liquidation price and margin requirement update automatically

7. Review the liquidation price before proceeding to place your order

here is no single correct leverage level, it depends on your strategy, your risk tolerance, and how much room you want the position to have before it reaches your liquidation price. The right question to ask is not "how much leverage can I use?" but "how much leverage is appropriate for the size of move I'm trading and the loss I can accept if I'm wrong?"

Lower leverage gives your position significantly more room to absorb adverse moves before liquidation is triggered. A 2x position needs the underlying asset to move 50% against you before your margin is wiped out. This makes lower leverage appropriate when:

• You are holding a position for longer than a few hours

• You expect volatility and want to avoid being shaken out by normal price swings

• You are less certain about the exact timing of the move you expect

• You are new to derivatives and still building intuition for how positions behave

Higher leverage compresses the distance between your entry and your liquidation price substantially. At 10x, a 10% adverse move is enough to liquidate your position. Higher leverage is only appropriate when:

• You have a well-defined entry and a tight stop-loss already set

• You are actively monitoring the position

• The trade is short-term and high-conviction

It is not appropriate for holding positions overnight, for trades where you are uncertain about timing, or for traders who are new to derivatives. The potential for fast losses is significantly higher at maximum leverage.

Before placing a leveraged order, always check the estimated liquidation price shown in the order panel. If it is closer to the current market price than you are comfortable with, reduce your leverage or increase your margin before proceeding.

Your leverage setting and your margin mode work together to determine your overall risk on a position. It’s important to understand both before placing a trade.

1. Isolated Margin With Isolated Margin, the margin assigned to a position is capped at the amount you allocate. If the position is liquidated, only that margin is lost, the rest of your account balance is unaffected. This gives you precise control over your maximum loss on each trade and makes your risk transparent and predictable. Isolated Margin is the more conservative choice for most traders.

2. Selected Margin With Selected Margin, your position can draw on more of your available margin balance to stay open if the market moves against you. This can help avoid liquidation in volatile conditions but means more of your account is exposed. If you hold multiple positions under Selected Margin, an adverse move on one position can draw down the balance available to support others.

A common approach is to use lower leverage with Isolated Margin. You know exactly how much you are risking, your liquidation price is clear, and your maximum loss is defined and contained to that position alone.If you are new to derivatives, start with 2x or 3x leverage and build intuition for how your positions behave before scaling up. The mechanics of leverage are the same at 2x as at 10x, the only difference is the margin for error.

This content is provided for informational purposes only and may cover products that are not available in your region. It does not constitute investment or financial product advice, not it is a recommendation or solicitation to buy or sell financial instruments or to engage in any specific trading strategy.

Trading in financial instruments involves a significant risk of loss and may not be suitable for all investors. If you invest in X-Perps or other derivatives you may lose some or all of the money you invest. X-Perps are leveraged instruments; leverage can amplify both gains and losses. The value of investments and any income derived from them can go down as well as up, and you may not recover the amount originally invested. Past performance is not a reliable indicator of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before engaging in any trading activity.

OKX Europe Markets Ltd ("OEM"), which is authorised and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act (Chapter 370 of the Laws of Malta) as a Investment Services Licence Holder (Licence No. OEML-15905).

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