Yield Hunter is an innovative, non-principal-protected financial product offered by OKX that enables users to earn competitive annualized returns through structured options trading. Built on a foundation of options contracts, Yield Hunter allows traders to generate premium income by selling options—offering strategic opportunities based on market outlooks. Whether you're bullish, bearish, or neutral, this tool gives you flexibility in pursuing yield in volatile or stable markets.
This guide breaks down everything you need to know about Yield Hunter—from core mechanics and profit calculations to risk management and step-by-step trading instructions—all optimized for clarity, SEO performance, and user engagement.
What Is Yield Hunter?
Yield Hunter is a smart trading solution designed for OKX users who want to maximize their passive income potential using crypto options. Unlike traditional staking or savings products, Yield Hunter is non-guaranteed, meaning returns depend on market movements at expiration.
At its core, Yield Hunter operates by letting users sell options contracts and collect premiums (rights fees) upfront. Your profit depends on the relationship between the target price and the settlement price at expiry. Based on your market prediction, you can choose one of two strategies:
- "Earn If Not Up" (Bearish/Neutral): Profit if the asset doesn’t rise above a specified price.
- "Earn If Not Down" (Bullish/Neutral): Profit if the asset doesn’t fall below a specified price.
This makes Yield Hunter ideal for traders with directional bias or those expecting low volatility over a defined period.
👉 Discover how to unlock high-yield opportunities with advanced trading tools.
How Is Yield Calculated?
Let’s take a BTC-based Yield Hunter product as an example. You can participate using either USDT or BTC as your investment currency.
Earn If Not Up (e.g., BTC Won’t Rise Above $30,000)
If you believe BTC will remain flat or decline, you can select a “not up” product. Here's how it works:
- Product: BTC1025 Expiry – Will Not Break 30,000
- Investment: USDT
- Estimated Return: 50 USDT
P&L Conditions:
- If the final settlement price ≤ $30,000 → You receive 50 USDT fixed profit.
- If the price > $30,000 → Loss occurs beyond the breakeven point.
Estimated P&L = 50 USDT – [(Settlement Price – 30,000) / 30,000] × Investment Amount × Leverage
For BTC-denominated investments:
- Same conditions apply, but returns are paid in BTC (e.g., 0.005 BTC).
- Formula adjusts to BTC quantity instead of USDT value.
Earn If Not Down (e.g., BTC Won’t Fall Below $30,000)
If you expect BTC to stay strong or consolidate above a level:
- Product: BTC1025 Expiry – Will Not Drop Below 30,000
- Investment: USDT or BTC
- Estimated Return: 50 USDT or 0.005 BTC
P&L Conditions:
- Settlement price ≥ $30,000 → Fixed return earned.
- Price < $30,000 → Loss increases as price drops further.
Estimated P&L = 50 USDT – [(30,000 – Settlement Price) / 30,000] × Investment × Leverage
The higher the leverage used, the greater both potential returns and risks.
Key Terms Explained
Understanding the terminology is essential for making informed decisions in Yield Hunter.
🔹 Investment Currency
Choose between USDT (stablecoin) or the underlying asset (e.g., BTC). Each has different risk and reward profiles depending on market movement.
🔹 Expiry Date
The date when the contract settles automatically. Profits or losses are calculated based on the index price during the final hour before expiry (15:00–16:00 UTC+8).
🔹 Target Price
Your predicted threshold—whether you think the price will stay below ("not up") or above ("not down"). This defines your strategy.
🔹 Settlement Price
Calculated as the average index price of the underlying asset over the last hour before expiry (15:00–16:00 UTC+8). This determines final payout.
🔹 Estimated Annualized Yield
An estimate of yearly return derived from the premium received. Actual yield may vary due to holding period and market conditions.
🔹 Leverage Multiple
Defined as:
Leverage = Total Exposure / Initial Capital
You can adjust leverage to amplify returns—but also increase risk of liquidation.
🔹 Estimated Liquidation Price
When using leverage >1x, the system calculates an estimated liquidation threshold. Note: this is only a reference due to unpredictable volatility. The actual liquidation occurs based on real-time clearing prices.
Are High-Yield Products Always Better?
Not necessarily.
While high estimated returns are attractive, they often come with increased risk exposure. Products with elevated yields typically imply:
- A higher probability of being "in the money" against you.
- Tighter target prices closer to current market levels.
- Greater sensitivity to short-term volatility.
For example, choosing a target price just slightly above the current BTC price for a "not up" trade may offer high premiums—but also raises the chance of loss if sentiment turns positive.
✅ Smart Tip: Balance yield expectations with realistic market analysis. Use technical indicators, macro trends, and support/resistance levels before placing trades.
Can You Be Liquidated in Yield Hunter?
Yes—if you use leverage greater than 1x, there is a risk of liquidation.
However, liquidation is limited to the specific order:
- It does not affect other positions in your portfolio.
- It won't trigger margin calls across unrelated products.
When placing leveraged orders:
- The platform displays an estimated liquidation price.
- This value is for reference only—actual liquidation depends on live market data and volatility.
Always monitor open positions and consider exiting early if market movement threatens your breakeven point.
👉 Learn how to manage risk while maximizing returns with precision trading tools.
Step-by-Step Trading Guide
Getting started with Yield Hunter is simple:
- Open the OKX app and navigate to Trading > Options > Strategy.
Select either:
- "Earn If Not Up" — if you expect the price to stagnate or drop.
- "Earn If Not Down" — if you expect stability or growth.
- Choose your investment currency: USDT or BTC.
- Enter your desired amount and adjust leverage (optional).
- Review estimated returns, settlement terms, and liquidation risks.
- Confirm and submit your order.
After successful placement:
- View active positions under Positions.
- Hold until expiry for automatic settlement.
- Or exit early via early close to lock in profits or limit losses.
Frequently Asked Questions (FAQ)
Q1: Is Yield Hunter suitable for beginners?
A: While easy to use, Yield Hunter involves options mechanics and leverage risks. Beginners should start with small amounts and low leverage while learning market dynamics.
Q2: Can I withdraw my funds anytime?
A: No—once invested, capital is locked until expiry unless you opt for early closure (if available). Early exit prices depend on current market conditions.
Q3: What happens if my position gets liquidated?
A: Only the invested amount in that specific trade is lost. Other assets and positions remain unaffected.
Q4: How is the settlement price determined?
A: It’s the average index price of the underlying asset from 15:00 to 16:00 (UTC+8) on expiry day—ensuring fairness and reducing manipulation risk.
Q5: Does Yield Hunter guarantee profits?
A: No—it’s a non-principal-protected product. Profits depend on market outcomes and strategy accuracy.
Q6: Can I use technical analysis for better results?
A: Absolutely. Tools like moving averages, RSI, and Fibonacci retracements can help identify optimal target prices and timing.
Final Thoughts
Yield Hunter empowers traders to monetize market predictions through structured options strategies. With clear rules, flexible leverage, and transparent settlement mechanisms, it offers a unique blend of opportunity and control.
By understanding key concepts like target pricing, leverage impact, and liquidation thresholds, you can make smarter decisions and potentially earn consistent yields—even in sideways markets.
Whether you're hedging existing holdings or actively seeking premium income, Yield Hunter opens new doors in decentralized finance.
👉 Start optimizing your crypto yield strategy today with powerful tools built for performance.