This means you’re entering real buy/sell trades on the live order book, just like a regular spot trade, but with borrowed funds added to your balance. This increases your buying or selling power and enables you to open spot positions larger than your current balance.

Key Concept: a Token is the basic unit of text processed by LLMs, roughly 0.75 English words. The Context Window determines how much information the model can 'remember' at one time. Transformer architecture: Uses self-attention to understand relationships between all words in a sentence. LLM limitations: No real-time data, may hallucinate, cannot execute actions on its own. Prompt Engineering A Prompt is how you communicate with an LLM.

The word “ultimately” is important because, in some cases, a person indirectly associated with an institution may still be considered its beneficial owner through a chain of ownership or control. For example, the owner of an institution’s parent company could be deemed the institution’s beneficial owner, depending on the organizational structure between the institution and its parent.Why does OKX need to know my institution’s ownership structure?

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This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2025 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2025 OKX.”

This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2025 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2025 OKX.”

This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2025 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2025 OKX.”

The email contains odd writing Many phishing emails have unusual grammar, spelling mistakes, or unnatural wording. The links don't match the official domain Hover over any link (without clicking). If the URL doesn't belong to an official OKX domain, don't open it.

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This means that the collateral crypto won’t provide margin for borrowing or opening new positions. When trading margin pairs in isolated mode, you can’t open new positions on margin trading pairs that include this crypto. You can close your existing positions using reduce-only orders. You can trade margin pairs that don’t include this crypto as usual. When transferring out, the collateral crypto won’t be included in the account’s available margin.

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This doesn't mean high leverage always leads to liquidation. It means your position is generally less tolerant of adverse movement.Leverage doesn't replace risk management Leverage is a position setting, not a risk-management strategy.

In other words, n = 480. Impact bid/ask price is the average fill price to execute the impact value on the bid/ask price. Impact bid/ask price = Impact value / Total base amount required to meet impact value Impact value = 200 × Max leverage allowed for this X-Perps The funding rate used to calculate the funding fee during fee assessment will be the most recent funding rate that was calculated in the previous minute before fee assessment.