On OKX, there is no single 'borrowing cooling-off period' switch. The cooling-off period comes in two forms. One is a feature of the futures position mode. The other is the repayment grace period after margin borrowing. If you mean the cooling-off period when borrowing money, you need to look at your repayment actions after you borrow.
Cooling-Off Type 1: One-Way Position Mode in Futures
This 'cooling-off' is actually a side effect of the futures position mode. When you enable one-way position mode, if you hold a long position and want to open a short position, the system will force you to close the long position first. This creates a 'close before switching' pause.
Steps: Open the OKX App → tap Trade at the bottom → switch to Futures → tap the settings icon in the top right → find Position Mode → change 'Hedge Mode' to 'One-Way Position Mode'.
Done check: After setting, the futures trading page shows 'One-Way' as the position mode. If you hold a long and try to open a short, the system will show a pop-up asking you to close the long first. It will not open a new position directly.
Cooling-Off Type 2: Auto-Repayment Grace Period for Margin Loans
If you borrowed coins in margin trading and do not repay when the loan is due, the system gives you a 30-day grace period. You can repay during this time, but you may be charged higher penalty interest. This 'cooling-off' is really a window to prepare repayment. It does not let you keep borrowing during the grace period.
How to check: Go to Trade → Margin → view your Current Loans page. If a loan is about to expire, the page shows a repayment countdown. After expiry, you enter the grace period. You need to repay within 30 days, or your collateral may be force-liquidated.
Done check: On the 'Current Loans' page, you can see each loan's due date and remaining days. If it shows 'In grace period', you are in the repayment cooling-off period and must repay before the deadline.
Which Cooling-Off Do You Need?
Case A: You trade futures and want to avoid impulsive position flipping. → Go to Futures → Settings → switch to 'One-Way Position Mode'. This mode adds an extra confirmation before you switch direction. You will not hold long and short positions at the same time.
Case B: You borrow in margin trading and want to control risk. → Margin borrowing itself has no separate 'cooling-off switch'. What you need to focus on is not 'how to turn on a cooling-off period', but 'how to repay before the loan is due'. After the loan expires, there is a 30-day grace period. This is the system's built-in cooling-off window.
Common Failure: Looking in the Wrong Place
Many people think the cooling-off period is a separate switch. They search in settings but cannot find it. In fact, it is either a feature of the position mode, or a grace period in the repayment process. There is no button called 'cooling-off period' that you can simply turn on.
Risk Warning: Cooling-Off Does Not Prevent Liquidation
Whether it is one-way position mode or the repayment grace period, these tools only slow you down at the operation level. They will not cover your losses. If your market direction is wrong and your leverage is high, liquidation can still happen.
How to Verify Your Settings
- One-Way Position Mode: Go to the futures trading page, tap Settings in the top right → Position Mode. If it shows 'One-Way', you have set it correctly.
- Borrowing grace period: Go to Margin → Current Loans. You can see each loan's due date and remaining days. If the page shows a red warning like 'About to expire' or 'In grace period', you are already in the cooling-off window.
