How do I use Futures credits?
What's Futures credits?
Futures credits can serve as funds by eligible traders under single-currency margin mode for margin trading, perpetual futures, expiry futures, and options (excluding simple options).
To utilize your futures credits, you must activate your voucher. It can then be used as trading margin, or to offset trading losses, trading fees, funding fees, and other transaction costs. If you possess futures credits, it'll be utilized before your own funds. While futures credits cannot be withdrawn, any profits earned through its use can be withdrawn.
What are the application conditions?
You must've completed identity verification and obtained futures credits.
You must be from a region where local laws and regulations allow derivative trading.
What can I do with futures credits?
How can I use futures credits?
You can get futures credits through various promotions. Find out how to obtain it as below:
On the app: select Homepage > menu > Reward Center > Futures credits
On the web: select More > Reward Center > Futures credits
Select Futures credits once you're on the Reward Center page
Do I have to activate futures credits?
The funds of futures credits vouchers in the Reward Center need to be activated before use. After successful activation, the Use button will be displayed, and the funds of the activated voucher will be automatically transferred to your trading account.
Select the Activate button to activate your voucher
Once you've activated the funds, your preferred Use button will be enabled
What are the activation conditions and how do I activate it?
Activation of futures credits is only supported in the single-currency margin mode. Other modes need to be switched to single-currency margin mode before activation.
How do I view its history?
After successful activation, the funds of the activated futures credits voucher will be automatically transferred to your trading account.
On the app: enter Assets > Trading account > History
On the web: select My Assets > Order Center > Trading account history
How do I view its balance?
If you have multiple futures credits vouchers, after successful activation, the balance of futures credits will show the current cumulative total, for example, total activated futures credit - consumed futures credits. You can view your balance as below:
Select Assets > Trading account > USDT equity, or
Enter Trading page > Asset > USDT equity
You may also view your balance on the Assets page
View your balance on the Trading page
What's futures credits scope?
Futures credits can be used as margin and can offset costs including realized losses, fees, funding fees, and other transaction costs. When offsetting costs, futures credits will be consumed before user-owned funds. Detailed usage scope can be found in the table below:
| Account Mode | Single-currency margin mode |
| Position Mode | Cross mode |
| Applicable Products | Margin (only offset realized trading losses) Perpetual Futures Options (exclude simple options) |
Rules for reclaiming futures credits
Futures credits voucher expiration
Each futures credits voucher has expiration time. If not activated within the valid time, the voucher will expire, and expired vouchers will not be refunded.
Futures credits balance expiration
Upon activation, your futures credits balance will have a set validity period. We'll reclaim any credits which aren’t used within this period.
Switching account mode
If you switch out of single-currency margin mode, any activated but unused futures credits balance in your account will become invalid.
Terms and Conditions
Futures credits can't be transferred to other accounts or withdrawn.
Profits earned through futures credits can be transferred to other accounts or withdrawn.
Futures credits have an expiration time for both activation and usage. You can find this on your futures credits voucher under Rewards center > My rewards. If you don’t activate or use your credits within the valid period, they’ll expire and become invalid. OKX isn’t obligated to remind users of upcoming expiration times. Make sure to pay attention to the expiration time on your own.
If you simultaneously receive both futures credits and commission rebate cards and need to deduct fees, our platform will prioritize using futures credits. The portion of fees deducted by futures credits isn’t eligible for commission rebates.
To comply with local regulations, futures credits may not be available in the user’s region.
If we see any suspicious behavior, or the malicious use or abuse of futures credits, OKX reserves the right to take appropriate actions against the involved accounts. OKX retains the ultimate interpretation right of the terms and conditions for the use of futures credits.