A single order shows a profit, but your total asset is decreasing. This usually isn't a platform miscalculation; the "profit" you see is only part of the overall ledger. Total asset is the net value after deducting all fees and unrealized losses from holdings. A single trade's profit can't cover the money leaking elsewhere.
Step 1: View the Formula That Makes Up Total Asset
First, understand how total asset is calculated.
What to do: Check the total asset value and its calculation method on OKX's "My Portfolio" page.
How to do it: Tap "Assets" at the bottom or "Total Asset Valuation" at the top to enter the portfolio page. The total asset valuation displayed updates about once per hour.
Completion standard: Know the total asset formula:
Current portfolio value - initial portfolio value + transferred out value - transferred in value.
Step 2: Break Down "Realized Profit" and "Unrealized Loss"
The "order profit" you see is usually realized profit, but total asset also includes the floating PnL of all your holdings.
What to do: Distinguish between profit locked in from closed orders and the paper gain/loss of positions you still hold.
How to do it: In the OKX futures account, PnL is split into "realized PnL" and "unrealized PnL". Unrealized PnL is calculated using the mark price and directly affects your margin buffer and liquidation risk.
Completion standard: Confirm whether the current market price of the coins you haven't sold is already below your entry price — this floating loss will offset your realized profit.
Many people only see a sell order that made money and think the entire account is in profit. But other holdings that haven't been sold may be losing money, directly dragging down total asset. Additionally, if the unrealized loss on futures positions grows, your margin buffer shrinks, potentially triggering system risk controls.
Step 3: Check If Fees Are Continuously Bleeding You
Besides price swings, fees are another invisible "bleeding point".
What to do: Check if trading fees, funding rates, and slippage are eating your profits.
How to do it: Net profit in OKX futures is influenced by several factors: opening and closing trading fees (taker fee is usually higher than maker), the funding rate settled every 8 hours (you may pay or receive depending on position direction), and slippage. Funding fees settle hourly and have a particularly strong impact on long-term positions.
Completion standard: In your futures transaction history, carefully check the fee details of each recent trade to see if fees and funding rate expenses have already exceeded your order profits.
Risk warning: If you use leverage in cross margin mode with auto-borrow enabled, and an unrealized loss on a position causes a coin to have a "negative balance", the system may trigger an auto-conversion mechanism, forcefully selling other assets in your account to cover the debt. This means your loss is not just on paper; other coins can be forcibly sold to "fill the hole", shrinking your total assets even faster.
Verification After Taking Action
Enter OKX's "Assets" page, go to "Portfolio", and view the total asset valuation curve. If total asset is indeed decreasing, then go to "Futures History" and filter for "realized PnL" and "handling fee / funding fee" records to check if the net capital outflow is larger than your net trading profit.
Next Steps
If you confirm floating losses are dragging down total asset, consider setting stop-loss levels on positions with large unrealized losses and avoid stubbornly holding. If it's confirmed that fees and funding rates are steadily draining your principal, adjust your trading strategy: reduce high-frequency opening and closing, switch to limit orders (Maker) instead of market orders (Taker) to lower fees, and before a funding rate settlement, evaluate whether to close positions to avoid paying the fee.
