How do I trade X-Perps in Simple mode?

Published on Jul 28, 2026Updated on Jul 28, 20264 min read

X-Perps in Simple mode lets you open a leveraged long or short position from the same Simple mode screen you use for spot trading. This article explains what X-Perps in Simple mode is, what you need before you can use them, and how to open, manage, and close a position.

What do I need to do before I start?

You must complete the following before you can trade X-Perps in Simple mode:

  • A verified OKX account with identity verification completed.

  • The appropriateness assessment: a short, regulator-required questionnaire that confirms you understand how leverage and margin work. You can't open any X-Perps positions, in Simple Mode or Exchange mode, until you pass this assessment.

  • Funds in your account in USD, USDC, or USDG. X-Perps in Simple mode settle in these currencies only.

If you don't pass the appropriateness assessment, a cooldown period applies before you can retake it.Note: X-Perps are leveraged derivatives. Leverage amplifies both gains and losses. You may lose some or all of the money you invest. X-Perps may not be suitable for all investors.

What is X-Perps in Simple mode?

X-Perps in Simple mode is an interface for trading X-Perps (Expiry Perps) using the Simple mode layout already used for spot trading, instead of the full order-book screen used in Exchange mode. Both modes trade the same underlying contract, with the same leverage cap of up to 10x, offered by OKX Europe Markets Ltd.X-Perps in Simple mode include:

  • Long or short direction selection

  • Leverage up to 10x, with 3x applied by default

  • A locked entry price when opening a position, so there is no price slip when you open a position

  • An optional take-profit and stop-loss you can set at the same time you open the trade

  • Access to over 80 markets, including crypto, stocks, commodities, and ETFs

How do I open a position?

  1. Open the OKX app and go to the Simple mode screen

  2. Select the market you want to trade

  3. Choose Long or Short

  4. Set your leverage. This defaults to 3x; you can adjust it up to 10x

  5. Review your locked entry price

  6. (Optional) Set a take-profit and stop-loss level

  7. Confirm the trade to open your position

Your position opens at the locked price shown in step 5. This price doesn't change between confirmation and execution.

How do I set a Take-Profit and Stop-Loss?

You can set take-profit (TP) and stop-loss (SL) levels when opening a position, or add or adjust them later from your open positions list.

  1. From your open position, tap TP/SL

  2. Enter your take-profit price, your stop-loss price, or both

  3. Select Confirm

Your position closes automatically once the price reaches either level you set. Note that stop-losses may not fill at your chosen price in fast-moving markets.

How do I close a position?

  1. Go to your open positions list

  2. Select the position you want to close

  3. Tap Close

  4. Confirm at the locked closing price shown. OKX shows you your profit or loss directly. The price behind your trade is locked in advance, not picked up from a live, moving market.

You can close a position at any time during market hours. You don't need to wait for your take-profit or stop-loss to trigger.

How do I switch to Exchange mode?

If you want the full order book, manual margin mode selection, or live funding rate detail, you can switch out of Simple mode at any time.

  1. Open the OKX app menu

  2. Select Exchange mode

  3. Your existing positions and account balance carry over; no new setup is required

Troubleshooting FAQ

I can't find X-Perps in Simple mode in the app?

Confirm you have completed identity verification and the appropriateness assessment. X-Perps in Simple mode isn't visible until both are complete.

Why won't my trade confirm?

Check that you have enough balance in USD, USDC, or USDG to cover your margin. X-Perps in Simple mode don't accept other currencies as margin.

I failed the appropriateness assessment. What now?

A cooldown period applies before you can retake it. Check the app for your specific retake date.

Why did my take-profit or stop-loss fail to trigger?

TP/SL orders trigger based on the mark price, which can differ briefly from the last traded price shown on the chart. If the mark price didn't reach your set level, the order will not be triggered. Note that stop-losses may not fill at your chosen price in fast-moving markets.

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets, or (iii) financial, accounting, legal, or tax advice. Crypto/digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. © 2026 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2026 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2026 OKX.” No derivative works or other uses of this article are permitted.