When you trade an X-Perp on AAPL, TSLA, or NVDA, you don't own Apple, Tesla, or Nvidia shares. You hold a derivative position linked to the price movement of the underlying share.Do I own the underlying share when I trade a TradFi X-Perp? No. X-Perps don't give you legal ownership of the underlying share. You don't receive shareholder rights, voting rights, direct dividends, ownership claims on the company, or custody of a real or fractional share.

There are 13 X-Perp markets across three categories: seven US tech stocks (AAPL, AMZN, GOOGL, META, MSFT, NVDA, TSLA), two ETFs (SPY, QQQ), and four commodities (GOLD, SILVER, WTIOIL, BRENTOIL), all as USD expiry futures.How is the OKX X-Perp price calculated? OKX constructs a proprietary Index Price for each X-Perp using multiple weighted sources.