diff --git a/freqtrade/exchange/okx.py b/freqtrade/exchange/okx.py
index 162630ea5..1b9134be3 100644
--- a/freqtrade/exchange/okx.py
+++ b/freqtrade/exchange/okx.py
@@ -128,7 +128,6 @@ class Okx(Exchange):
     def _lev_prep(self, pair: str, leverage: float, side: BuySell):
         if self.trading_mode != TradingMode.SPOT and self.margin_mode is not None:
             try:
-                # TODO-lev: Test me properly (check mgnMode passed)
                 res = self._api.set_leverage(
                     leverage=leverage,
                     symbol=pair,
diff --git a/tests/exchange/test_okx.py b/tests/exchange/test_okx.py
index 3b97e03f4..7a3fa22f0 100644
--- a/tests/exchange/test_okx.py
+++ b/tests/exchange/test_okx.py
@@ -480,6 +480,38 @@ def test_load_leverage_tiers_okx(default_conf, mocker, markets, tmpdir, caplog,
     assert log_has(logmsg, caplog)
 
 
+def test__set_leverage_okx(mocker, default_conf):
+
+    api_mock = MagicMock()
+    api_mock.set_leverage = MagicMock()
+    type(api_mock).has = PropertyMock(return_value={'setLeverage': True})
+    default_conf['dry_run'] = False
+    default_conf['trading_mode'] = TradingMode.FUTURES
+    default_conf['margin_mode'] = MarginMode.ISOLATED
+
+    exchange = get_patched_exchange(mocker, default_conf, api_mock, id="okx")
+    exchange._lev_prep('BTC/USDT:USDT', 3.2, 'buy')
+    assert api_mock.set_leverage.call_count == 1
+    # Leverage is rounded to 3.
+    assert api_mock.set_leverage.call_args_list[0][1]['leverage'] == 3.2
+    assert api_mock.set_leverage.call_args_list[0][1]['symbol'] == 'BTC/USDT:USDT'
+    assert api_mock.set_leverage.call_args_list[0][1]['params'] == {
+        'mgnMode': 'isolated',
+        'posSide': 'net'}
+
+    ccxt_exceptionhandlers(
+        mocker,
+        default_conf,
+        api_mock,
+        "okx",
+        "_lev_prep",
+        "set_leverage",
+        pair="XRP/USDT:USDT",
+        leverage=5.0,
+        side='buy'
+    )
+
+
 @pytest.mark.usefixtures("init_persistence")
 def test_fetch_stoploss_order_okx(default_conf, mocker):
     default_conf['dry_run'] = False