OKX X-Perps: How to Trade Gold, Silver, and Oil 24/7

OKX launched new X-Perp contracts on 9 June 2026: GoldUSD X-Perp, SilverUSD X-Perp, WTIOILUSD X-Perp (West Texas Intermediate crude), and BRENTOILUSD X-Perp , covering the two most actively traded precious metals and the two global crude oil reference prices.

TL;DR:

• 4 new X-Perps: GOLDUSD X-Perp, SILVERUSD X-Perp, WTIOILUSD X-Perp, BRENTOILUSD X-Perp

• Trade 24/7 including weekends; no commodity brokerage account required

• Up to 10x leverage; minimum 0.01 contracts per order; USD-settled

• React to Fed decisions, geopolitical events, and OPEC moves the moment they happen

Commodities are raw materials or primary goods traded in global markets , physical assets like crude oil, gold, silver, natural gas, and copper. Unlike stocks or bonds, commodities have intrinsic physical value tied to their use in industry, energy production, or as stores of wealth. Gold and silver have served as monetary assets for centuries. Crude oil powers global transport and manufacturing. Because commodity prices reflect real-world supply and demand, they react directly to events like OPEC production decisions, geopolitical conflict in oil-producing regions, central bank policy shifts, and industrial output data.

Commodities are also widely used as portfolio diversifiers. Gold in particular has a long history of moving inversely to equities and the US dollar in periods of market stress. OKX X-Perps give traders access to all four major commodity reference prices from a single USD-funded account, without the logistics of physical commodity ownership.

OKX lists four more X-Perp contracts, covering two asset categories. Each contract is a USD-margined (can be settled in USD, USDC or USDG) expiry futures contract that tracks the spot price of the underlying commodity. When you hold one of these contracts, what you own is the futures position itself, a contractual claim on the commodity's price performance, entitling you to the profit or loss when you close the position, plus the funding rate payments you receive or are obliged to make. No physical commodity is bought, sold, or stored at any point.

WTI is the US domestic oil reference price; Brent is the international reference used to price roughly two-thirds of global crude supply (as cited by the International Energy Agency). Gold and silver are the two most actively traded precious metals. All four are accessible from a single USD-funded OKX account.

Traditional commodity futures require a dedicated brokerage account, significant minimum margin (often thousands of dollars per contract), and operate within fixed exchange hours. CME crude oil futures close at 20:00 CT and reopen at 18:00 CT the following business day. Geopolitical events , the kind that moves oil prices, frequently break outside those windows.OKX X-Perps have a minimum lot size of 0.01 contracts, a tick size of 0.01 USD, and trade 24/7. They settle in USD, USDC, or USDG from a unified OKX account, with no physical delivery risk and no separate brokerage relationship. Maximum leverage for EEA retail users is 10x (as of June 2026), consistent across all four contracts.

The Funding Rate is the mechanism that keeps the X-Perp price anchored to the underlying commodity Index Price over time. When the X-Perp trades at a premium to the Index, longs pay shorts; when it trades at a discount, shorts pay longs. This creates a continuous economic incentive for the market to converge toward fair value. Funding is calculated and settled automatically at regular intervals; the current rate for each contract is displayed on the OKX trading interface. Funding can be positive or negative depending on market conditions.

Federal Reserve interest rate decisions affect the US dollar, which moves inversely to Gold and Silver prices in most conditions. OPEC+ supply decisions, geopolitical events in oil-producing regions, and weekly US inventory data releases from the Energy Information Administration drive WTI and Brent crude moves. Historically, these events produce intraday price moves of 2–5% or more in the underlying commodities.Because OKX X-Perps trade 24/7, a position can be opened, adjusted, or closed in response to a news event at any hour, including on weekends when CME is closed. OKX X-Perps support TP/SL, trigger orders, and trailing stop-loss to set pre-defined exit points around known event times.

Disclaimer:

This content is provided for informational purposes only and may cover products that are not available in your region. It does not constitute investment or financial product advice, not it is a recommendation or solicitation to buy or sell financial instruments or to engage in any specific trading strategy.

Trading in financial instruments involves a significant risk of loss and may not be suitable for all investors. If you invest in X-Perps or other derivatives you may lose some or all of the money you invest. X-Perps are leveraged instruments; leverage can amplify both gains and losses. The value of investments and any income derived from them can go down as well as up, and you may not recover the amount originally invested. Past performance is not a reliable indicator of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before engaging in any trading activity.

OKX Europe Markets Ltd ("OEM"), which is authorised and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act (Chapter 370 of the Laws of Malta) as a Investment Services Licence Holder (Licence No. OEML-15905).

© 2026 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 © 2026 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], © 2026 OKX. Some content may be generated or assisted by artificial intelligence (AI) tools. No derivative works or other uses of this article are permitted.