How to switch between one-way mode and hedge mode on OKX Futures?

Understanding Position Mode Fundamentals

1. One-way mode consolidates all positions in a single directional exposure, meaning long and short entries on the same symbol merge into one net position.

2. Hedge mode allows independent long and short positions for the same contract simultaneously, enabling precise directional neutrality or spread strategies.

3. The mode selection directly affects margin calculation logic, liquidation risk assessment, and PnL attribution across open orders.

4. Switching between modes requires full settlement of all existing positions or conversion under specific balance and equity conditions.

5. OKX enforces strict eligibility checks before permitting mode changes to prevent unintended margin calls or forced liquidations.

Step-by-Step Mode Transition Process

1. Navigate to the perpetual futures trading interface after logging into your OKX account.

2. Locate the “Position Mode” toggle button near the top-right corner of the order panel, typically adjacent to the leverage selector.

3. Click the current mode label (e.g., “One-way”) to activate the dropdown menu containing both available options.

4. Select “Hedge Mode” or “One-way Mode” depending on your intended configuration.

5. Confirm the action in the pop-up dialog; the system will validate available margin, open orders, and position status before applying the change.

Constraints and Eligibility Requirements

1. Active limit or stop orders must be canceled prior to switching if they would conflict with the new mode’s structural rules.

2. Users holding cross-margin positions cannot switch to hedge mode unless all positions are closed or converted to isolated margin first.

3. VIP level determines whether custom margin allocation is permitted during the transition phase.

4. Accounts flagged for KYC review or with pending withdrawal requests are temporarily blocked from modifying position mode.

5. Margin ratio must remain above 120% throughout the entire process to avoid auto-rejection of the mode-switch request.

Impact on Open Positions and Orders

1. Existing positions remain intact but are reclassified under the new mode’s accounting framework without liquidation.

2. Pending conditional orders retain their original trigger parameters but inherit updated margin treatment based on the new mode.

3. Funding rate accrual continues uninterrupted regardless of mode change timing.

4. Historical trade records maintain original timestamps and execution details, unaffected by subsequent mode adjustments.

5. Real-time unrealized PnL recalculates instantly using the newly applied margin model and position aggregation logic.

Frequently Asked Questions

Q: Can I hold both long and short positions simultaneously in one-way mode?No. One-way mode only permits a single net directional exposure per contract. Attempting to open an opposite-side position triggers automatic position closure at prevailing market price.

Q: Does switching to hedge mode reset my funding fee history?No. Funding fee accrual history remains fully preserved and continues accumulating based on active positions post-switch.

Q: Is there a fee associated with changing position mode?No. OKX does not charge any transaction or administrative fee for mode transitions.

Q: Will my stop-loss orders remain active after switching from one-way to hedge mode?Yes, provided they meet the new mode’s validity criteria. However, their margin impact and liquidation triggers recalculate immediately upon confirmation.