First, a clear clarification: "One-click Borrow" is the general term for OKX margin trading mode, while "Auto Borrow" is one of the order placement methods under it. The two have a containment relationship, not a parallel one.
A leading global cryptocurrency platform,suitable for both beginners and experienced traders.
New user benefit: 20% off trading fees upon registration!！
OKX's "One-click Borrow" is a full set of solutions for spot margin trading, designed to let you complete borrowing and trading in one single step, without needing to manually borrow funds in the margin account before placing an order. It offers two separate borrowing modes for you to choose from: manual mode and auto-borrow mode.
The difference between the two modes can be easily understood as follows:
Manual Mode: Borrow First, Then Trade, Full Control in Your Hands
After switching to "Manual Mode" on the trading interface, you need to decide how much to borrow yourself, and manually click the "Borrow" button. After the borrowing is completed, your account balance will increase, and you can place buy or sell orders just like you do in regular spot trading.
Applicable Scenarios: If you prefer to control the leverage ratio and borrowing amount of each trade yourself, and do not want the system to handle it for you, manual mode is the more suitable choice.
Auto-Borrow Mode: Borrow While Trading, System Calculates For You
After switching to "Auto-Borrow Mode", you do not need to click the borrow button in advance. Just enter the quantity you want to buy, the system will automatically calculate how many coins you need to borrow based on your collateral assets, and complete both steps of "borrowing + buying" at once when the order is filled.
There are two most intuitive differences for auto-borrow mode: First, unfilled pending orders do not generate any interest, the system only creates a liability after the order is actually traded; Second, the system will automatically repay the borrowed coins after the order is filled, no separate repayment operation is required unlike in manual mode.
Applicable Scenarios: If you think the manual borrowing process is too complicated, or you do not want to stop to calculate numbers during trading, auto-borrow mode is far more efficient.
A leading global cryptocurrency platform,suitable for both beginners and experienced traders.
New user benefit: 20% off trading fees upon registration!！
3 Key Points You Need to Pay Attention to in Actual Use
No matter which mode you choose, the following rules apply to both:
Interest is calculated hourly: Starting from the moment you generate a real liability (the order is filled), interest is accumulated and deducted on an hourly basis.
Different available limits: In manual mode, the system calculates the maximum borrowable amount more conservatively (for example, calculated based on 1x leverage) to avoid the situation where you borrow funds but cannot place an order; the calculation in auto mode is relatively looser.
Same forced liquidation trigger line: In both modes, when the maintenance margin ratio drops to 100% or lower, position reduction or forced liquidation will be triggered.
Verification method after operation: After your order is placed successfully, go to the "Margin Account" or "Borrow Management" page to check the "Outstanding Liability" and "Maintenance Margin Ratio" columns. If there is remaining liability and the margin ratio is in the safe range (for example, above 150%), it means that the borrowing and trading are both effective, and your funds are operating normally.
