How to view open positions in OKX contracts? How to monitor profit and loss after opening a position?

To view and monitor your open positions and P&L on OKX, log in, navigate to the "Contracts" section, and use the "Positions" tab to track performance in real-time.

May 16, 2025 at 07:07 pm

Trading in cryptocurrency futures and options on OKX can be an exhilarating experience, but it also requires diligent monitoring of your open positions and their profit and loss (P&L). Whether you are a seasoned trader or a beginner, understanding how to view your open positions and track their performance is crucial for effective risk management and strategic decision-making. In this article, we will guide you through the steps to view your open positions on OKX and monitor their profit and loss after opening a position.

Accessing Your OKX Account

Before you can view your open positions, you need to log into your OKX account. Here's how you can do it:

• Open your web browser and navigate to the OKX website.
• Click on the "Log In" button located at the top right corner of the homepage.
• Enter your email address and password in the respective fields.
• Complete any additional security verification steps such as two-factor authentication (2FA) if you have it enabled.
• Click "Log In" to access your OKX account.

Once logged in, you will be directed to the OKX dashboard where you can access various trading features.

Navigating to the Contracts Section

To view your open positions, you need to navigate to the contracts section of OKX. Follow these steps:

• Hover over the "Trade" menu at the top of the page.
• Select "Contracts" from the dropdown menu. This will take you to the contracts trading interface.
• Choose the specific contract type you are interested in, such as USDT-margined or coin-margined contracts.

Viewing Open Positions

After navigating to the contracts section, you can view your open positions. Here's how:

• Locate the "Positions" tab on the trading interface. This tab is usually found at the bottom of the screen.
• Click on the "Positions" tab to open the positions window.
• Review the list of your open positions. The window will display various details about each position, including the contract type, entry price, current price, unrealized P&L, and margin used.

The entry price is the price at which you opened your position, and the current price is the market price at the time you are viewing your positions. Unrealized P&L represents the profit or loss you would realize if you closed your position at the current market price.

Monitoring Profit and Loss

Once you have opened a position, monitoring its profit and loss is essential for managing your trades effectively. OKX provides several tools to help you track your P&L.

• Check the "Positions" tab regularly to monitor your unrealized P&L. This will give you an idea of how your position is performing in real-time.
• Use the "P&L" column in the positions window to see the profit or loss for each open position.
• Keep an eye on the "Margin" column to ensure you have enough margin to maintain your positions. If the margin falls below the required level, you may face a margin call.

Understanding Realized and Unrealized P&L

It's important to understand the difference between realized and unrealized P&L when monitoring your positions on OKX.

• Unrealized P&L is the profit or loss that you would realize if you closed your position at the current market price. It is a hypothetical figure that changes as the market price fluctuates.
• Realized P&L is the actual profit or loss that you realize when you close a position. This is the amount that is credited or debited from your account balance.

To monitor your realized P&L, you can:

• Navigate to the "Orders" tab on the trading interface.
• Look for the "Closed Orders" section to view all your closed positions.
• Check the "P&L" column in the closed orders section to see the realized profit or loss for each closed position.

Using OKX's Trading Tools

OKX offers several trading tools that can help you monitor your open positions and P&L more effectively. Here are some tools you can use:

• TradingView Charts: OKX integrates with TradingView to provide advanced charting tools. You can use these charts to analyze market trends and make informed decisions about your positions.
• Price Alerts: Set up price alerts to notify you when the market price reaches a certain level. This can help you stay on top of your positions without constantly monitoring the market.
• Stop-Loss and Take-Profit Orders: Use stop-loss and take-profit orders to automatically close your positions at predetermined price levels. This can help you manage your risk and lock in profits.

Frequently Asked Questions

Q: Can I view my open positions on the OKX mobile app?

A: Yes, you can view your open positions on the OKX mobile app. Simply log into your account, navigate to the "Trade" section, and select "Contracts" to access your positions.

Q: How often should I check my open positions and P&L?

A: The frequency with which you check your open positions and P&L depends on your trading strategy and risk tolerance. Some traders check their positions multiple times a day, while others may check less frequently. It's important to find a balance that works for you and allows you to stay informed without becoming overwhelmed.

Q: What should I do if my unrealized P&L is negative?

A: If your unrealized P&L is negative, you have several options. You can wait for the market to move in your favor, close the position to realize the loss, or adjust your position by adding more margin or reducing your exposure. The best course of action depends on your overall trading strategy and risk management plan.

Q: Can I export my position and P&L data from OKX?

A: Yes, OKX allows you to export your trading data, including position and P&L information. You can do this by navigating to the "Orders" or "Positions" section and using the export feature to download your data in a CSV format.