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:

1. Log in to your OKX account and go to the "Perpetual" tab.
2. Select the USDT perpetual contract you want to sell.
3. Enter the number of contracts you want to sell in the "Amount" field.
4. 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:

1. Log in to your OKX account and go to the "Perpetual" tab.
2. Select the USDT perpetual contract you want to sell.
3. Enter "1" in the "Amount" field.
4. Enter "0.995" in the "Price" field.
5. 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.