How to return the currency with full leverage on OKX

To return currency with full leverage on OKX, navigate to the Margin Trading page, select the currency to return, adjust the return amount, specify "Return with Full Leverage," review the transaction summary, and confirm the return.

Nov 13, 2024 at 10:20 am

How to Return the Currency with Full Leverage on OKX

Requirements:

• Registered OKX account with funds in the Funding Account.
• The Funding Fee needs to be settled before returning currency with full leverage.
• The position should be maintained above the liquidation line.

Step-by-Step Instructions:

1. Navigate to the Margin Trading Page:

   • Log in to your OKX account and select "Margin Trading" from the navigation menu.
   • Click on "Cross Margin" or "Isolated Margin" (depending on your preference).

2. Select the Currency to Return:

   • In the "All Positions" section, locate the position with the currency you want to return.
   • Click on the "Return" button associated with that position.

3. Adjust the Return Amount:

   • Enter the amount of currency you want to return.
   • The maximum returnable amount is limited by the available balance in the Funding Account and the maintenance margin ratio.

4. Specify the Return Type:

   • Select "Return with Full Leverage" to return the currency using all available leverage.
   • This option is available only if the position is in profit and has sufficient leverage to cover the return amount.

5. Review and Confirm:

   • Check the summary of the return transaction, including the amount, fee, and impact on the position.
   • Click on the "Confirm" button to initiate the return.

6. Monitor the Return Process:

   • The return process will take some time to complete.
   • Once the return is complete, the currency will be credited to the Funding Account.

Additional Considerations:

• Partial Return: You can return only a portion of the underlying currency. In this case, specify the desired return amount in the input field.
• Return with Partial Leverage: If you prefer to return the currency using partial leverage, select "Return with Partial Leverage" and specify the desired leverage.
• Impact on Position: Returning currency with full leverage will decrease the position's size and increase its leverage ratio. It is important to ensure that the new maintenance margin ratio meets the minimum requirement.
• Fees: OKX charges a small fee for currency returns. The fee varies depending on the currency and the return type.