{"id":12317,"date":"2026-05-21T18:55:04","date_gmt":"2026-05-21T10:55:04","guid":{"rendered":"https:\/\/www.invbus.com\/blog\/?p=12317"},"modified":"2026-05-21T19:37:58","modified_gmt":"2026-05-21T11:37:58","slug":"%e8%af%a6%e7%bb%86%e8%af%bb%e6%87%82%e6%b0%b8%e7%bb%ad%e5%90%88%e7%ba%a6%ef%bc%9a%e5%8e%9f%e7%90%86%e3%80%81%e5%a6%82%e4%bd%95%e6%93%8d%e4%bd%9c%e3%80%81%e4%b8%ba%e4%bd%95%e4%bc%9a%e7%88%86%e4%bb%93","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=12317","title":{"rendered":"\u8be6\u7ec6\u8bfb\u61c2\u6c38\u7eed\u5408\u7ea6\uff1a\u539f\u7406\u3001\u5982\u4f55\u64cd\u4f5c\u3001\u4e3a\u4f55\u4f1a\u7206\u4ed3\u53ca\u98ce\u9669\u8bc4\u4f30"},"content":{"rendered":"\n<p 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data-fancybox='post-images' href='https:\/\/pic1.zhimg.com\/v2-427fceddcfadb709de9a9040d5ef9cba_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic1.zhimg.com\/v2-427fceddcfadb709de9a9040d5ef9cba_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ece\u5b9a\u4e49\u4e0a\u6765\u8bf4\uff0c\u6c38\u7eed\u5408\u7ea6\uff08Perpetual Futures\u3001Perpetual Contracts\u3001Perpetual Swap\uff09\uff0c\u4e5f\u53eb\u505a\u6c38\u7eed\u671f\u8d27\u5408\u7ea6\u3001\u6c38\u7eed\u671f\u8d27\uff0c\u662f\u4e00\u79cd\u884d\u751f\u54c1\u4ea4\u6613\u65b9\u5f0f\uff0c\u7528\u6237\u53ef\u4ee5\u901a\u8fc7\u6c38\u7eed\u5408\u7ea6\u6765\u505a\u591a\uff08Long\uff09\u3001\u505a\u7a7a\uff08Short\uff09\u3001\u5957\u5229\uff0c\u4ee5\u83b7\u5f97\u9ad8\u4e8e\u6295\u8d44\u672c\u91d1\u975e\u5e38\u591a\u500d\u7684\u4ea4\u6613\u6295\u8d44\u56de\u62a5\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e76\u4e14\u7528\u6237\u6301\u6709\u4e86\u6c38\u7eed\u5408\u7ea6\u7684\u4ed3\u4f4d\u4e4b\u540e\uff0c\u4e0d\u9700\u8981\u5728\u7279\u5b9a\u65e5\u671f\u4ea4\u5272\u5b9e\u7269\u6216\u73b0\u91d1\uff0c\u800c\u662f\u5141\u8bb8\u6295\u8d44\u8005\u6839\u636e\u4ef7\u683c\u6ce2\u52a8\u8fdb\u884c\u5408\u7ea6\u7684\u4e70\u5356\uff0c\u5e76\u5728\u4efb\u4f55\u65f6\u95f4\u70b9\u8fdb\u884c\u5f00\u4ed3\u548c\u5e73\u4ed3\u64cd\u4f5c\uff0c\u4ea4\u6613\u7684\u7075\u6d3b\u6027\u975e\u5e38\u9ad8<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6c38\u7eed\u5408\u7ea6\u7684\u539f\u7406<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u6c38\u7eed\u5408\u7ea6\u8fd0\u4f5c\u7684\u5e95\u5c42\u903b\u8f91\u662f\uff1a\u5141\u8bb8\u6295\u8d44\u8005\u501f\u5165\u865a\u62df\u8d27\u5e01\uff0c\u5728\u672a\u6765\u7684\u7279\u5b9a\u65f6\u95f4\u70b9\u4ee5\u7279\u5b9a\u4ef7\u683c\u4e70\u5165\u6216\u5356\u51fa\u865a\u62df\u8d27\u5e01\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e3e\u4e2a\u4f8b\u5b50\uff0c\u5c0f\u9c7c \u6709 100 USDT\uff0c\u5e76\u4e14 \u5c0f\u9c7c \u8ba4\u4e3a\u660e\u5929\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u4f1a\u4ece 100 \u6da8\u5230 200\u3002\u90a3\u4e48\u6b64\u65f6 \u5c0f\u9c7c \u53ef\u4ee5\u4ece\u4ea4\u6613\u6240\u501f\u5165 900 USDT\uff0c\u7136\u540e\u4f7f\u7528\u8fd9 1000 USDT \u4e70\u5165 10 \u9897\u6bd4\u7279\u5e01\uff0c\u7b49\u5230\u660e\u5929\u4ef7\u683c\u4e0a\u6da8\u5230 200 \u65f6\u518d\u5356\u6389\u3002\u5356\u6389\u4e4b\u540e \u5c0f\u9c7c \u5e10\u6237\u91cc\u5c31\u6709 2000 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class=\"wp-block-paragraph\">\u8fd9\u6837\u4ee5\u6765\uff0c\u4e0d\u7ba1\u5230\u65f6\u5019\u9a6c\u94c3\u85af\u4ef7\u683c\u5982\u4f55\u6ce2\u52a8\uff0c\u9ea6\u5f53\u52b3\u90fd\u53ef\u4ee5\u7a33\u5b9a\u7684\u4ef7\u683c\u8d2d\u5165\u9a6c\u94c3\u85af\uff0c\u4ee5\u786e\u4fdd\u85af\u6761\u7684\u7a33\u5b9a\u4f9b\u5e94\u3002\u5982\u679c\u5e02\u573a\u4ef7\u683c\u4e0a\u5347\uff0c\u9ea6\u5f53\u52b3\u4ecd\u7136\u53ef\u4ee5\u6309\u7167\u5408\u7ea6\u4ef7\u683c\u8fdb\u884c\u8fdb\u8d27\uff0c\u8282\u7701\u6210\u672c\u3002\u76f8\u53cd\uff0c\u5982\u679c\u5e02\u573a\u4ef7\u683c\u4e0b\u8dcc\uff0c\u867d\u7136\u9ea6\u5f53\u52b3\u9700\u8981\u652f\u4ed8\u5408\u7ea6\u4ef7\u683c\uff0c\u4f46\u4f01\u4e1a\u7684\u5b9e\u9645\u603b\u6210\u672c\u4e5f\u4f1a\u8f83\u4f4e\u3002\u4e8b\u5b9e\u4e0a\uff0c\u9ea6\u5f53\u52b3\u7b49\u56fd\u9645\u4f01\u4e1a\u5728\u73b0\u5b9e\u751f\u6d3b\u4e2d\u7684\u786e\u662f\u4f1a\u901a\u8fc7\u671f\u8d27\u5408\u7ea6\u6765\u786e\u4fdd\u4f9b\u5e94\u7a33\u5b9a\u6027\u548c\u6210\u672c\u53ef\u63a7\u6027\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0d\u8fc7\u5f53\u8fd9\u4e9b\u5927\u5b97\u5546\u54c1\u7684\u671f\u8d27\u5408\u7ea6\uff0c\u884d\u751f\u5230\u865a\u62df\u8d27\u5e01\u4ea4\u6613\u4e2d\u65f6\uff0c\u4ea4\u6613\u6240\u867d\u7136\u501f\u9274\u4e86\u671f\u8d27\u5408\u7ea6\u7684\u8fd0\u4f5c\u65b9\u5f0f\uff0c\u4f46\u662f\u5e76\u4e0d\u4f1a\u771f\u7684\u501f\u94b1\u6216\u8005\u501f\u5e01\u7ed9\u4f60\uff0c\u800c\u662f\u4f7f\u7528\u7c7b\u4f3c\u7684\u8ba1\u7b97\u65b9\u6cd5\u76f4\u89c2\u5730\u628a<a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E6%9D%A0%E6%9D%86%E5%80%8D%E6%95%B0&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u6760\u6746\u500d\u6570<\/a>\u3001\u9884\u671f\u5229\u6da6\u6216\u4e8f\u635f\u544a\u8bc9\u4f60\uff0c\u964d\u4f4e\u5408\u7ea6\u4ea4\u6613\u7684\u95e8\u69db\uff0c\u65b9\u4fbf\u66f4\u591a\u7684\u6295\u8d44\u8005\u6765\u4f7f\u7528\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6c38\u7eed\u5408\u7ea6\u76f8\u5173\u540d\u8bcd\u89e3\u91ca<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pic1.zhimg.com\/v2-a846574dab509204b2619e609c780e56_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic1.zhimg.com\/v2-a846574dab509204b2619e609c780e56_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0a\u56fe\u662f\u5168\u7403\u6700\u5927\u4ea4\u6613\u6240\u5e64\u5b89\u7684\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u9875\u9762\uff0c\u5982\u679c\u4f60\u662f\u6c38\u7eed\u5408\u7ea6\u65b0\u624b\uff0c\u4f1a\u53d1\u73b0\u6709\u5f88\u591a\u751f\u758f\u7684\u540d\u8bcd\uff0c\u4ee5\u4e0b\u4e00\u4e00\u6765\u4ecb\u7ecd<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u505a\u591a \/ \u505a\u7a7a<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u505a\u591a<\/strong>\uff1a\u82f1\u6587\u4e3a Long\uff0c\u591a\u5355\u4ed3\u4f4d\u82f1\u6587\u4e3a Long Position\u3002\u6295\u8d44\u8005\u9884\u6d4b\u8d44\u4ea7\u4ef7\u683c\u4e0a\u5347\uff0c\u56e0\u6b64\u4e70\u5165\u8be5\u8d44\u4ea7\uff0c\u5e0c\u671b\u672a\u6765\u80fd\u591f\u4ee5\u66f4\u9ad8\u4ef7\u683c\u5356\u51fa\u3002\u5728\u505a\u591a\u7684\u60c5\u51b5\u4e0b\uff0c\u865a\u62df\u8d27\u5e01\u7684\u4ef7\u683c\u4e0a\u6da8\u5c31\u80fd\u83b7\u5229\uff0c\u4ef7\u683c\u4e0b\u8dcc\u5219\u4f1a\u4e8f\u635f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u505a\u7a7a<\/strong>\uff1a\u82f1\u6587\u4e3a Short\uff0c\u591a\u5355\u4ed3\u4f4d\u82f1\u6587\u4e3a Short Position\u3002\u56e0\u6b64\u501f\u5165\u8be5\u8d44\u4ea7\u5e76\u7acb\u5373\u5356\u51fa\uff0c\u5e0c\u671b\u672a\u6765\u4ee5\u8f83\u4f4e\u4ef7\u683c\u8d2d\u56de\u3002\u5728\u505a\u7a7a\u7684\u60c5\u51b5\u4e0b\uff0c\u865a\u62df\u8d27\u5e01\u7684\u4ef7\u683c\u4e0b\u8dcc\u5c31\u80fd\u83b7\u5229\uff0c\u4ef7\u683c\u4e0a\u6da8\u5219\u4f1a\u4e8f\u635f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6760\u6746\u500d\u6570<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u4ea4\u6613\u4e2d\uff0c\u6760\u6746\u662f\u6307\u6295\u8d44\u8005\u501f\u5165\u8d44\u91d1\u7684\u591a\u5c11\uff0c\u4ee5\u589e\u52a0\u6295\u8d44\u89c4\u6a21\u7684\u80fd\u529b\u3002\u6760\u6746\u500d\u6570\u8868\u793a\u6295\u8d44\u8005\u501f\u5165\u7684\u8d44\u91d1\u76f8\u5bf9\u4e8e\u5176\u81ea\u6709\u8d44\u91d1\u7684\u6bd4\u4f8b\u3002\u4f8b\u5982\uff0c10 \u500d\u6760\u6746\u8868\u793a\u6295\u8d44\u8005\u501f\u5165\u4e86 10 \u500d\u4e8e\u5176\u81ea\u6709\u8d44\u91d1\u7684\u91d1\u989d\u8fdb\u884c\u4ea4\u6613\u3002\u6b64\u7b49\u60c5\u51b5\u4e0b\uff0c\u5408\u7ea6\u7684\u6536\u76ca\u4f1a\u88ab\u653e\u5927 10 \u500d\uff0c\u4f46\u662f<strong>\u4e8f\u635f\u4e5f\u4f1a\u88ab\u653e\u5927 10 \u500d<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>\u5f00\u4ed3\u4fdd\u8bc1\u91d1<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f00\u4ed3\u4fdd\u8bc1\u91d1\u662f\u6295\u8d44\u8005\u5728\u4ea4\u6613\u6240\u8fdb\u884c\u4ea4\u6613\u65f6\u9700\u652f\u4ed8\u7684\u4e00\u90e8\u5206\u8d44\u91d1\uff0c\u7528\u4e8e\u62c5\u4fdd\u5176\u4ea4\u6613\u4ed3\u4f4d\u3002\u4fdd\u8bc1\u91d1\u989d\u5ea6\u53d6\u51b3\u4e8e\u6240\u4f7f\u7528\u7684\u6760\u6746\u500d\u6570\u3002\u6760\u6746\u500d\u6570\u8d8a\u5927\uff0c\u9700\u8981\u7684\u4fdd\u8bc1\u91d1\u5c31\u8d8a\u5c11<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pic4.zhimg.com\/v2-6024b86c687a9f8478b22ec653bd6371_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic4.zhimg.com\/v2-6024b86c687a9f8478b22ec653bd6371_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><figcaption class=\"wp-element-caption\">\u6c38\u7eed\u5408\u7ea6\u6760\u6746\u8d8a\u5927\uff0c\u6240\u9700\u7684\u5f00\u4ed3\u4fdd\u8bc1\u91d1\u5c31\u8d8a\u5c11<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E7%BB%B4%E6%8C%81%E4%BF%9D%E8%AF%81%E9%87%91&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u7ef4\u6301\u4fdd\u8bc1\u91d1<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7ef4\u6301\u4fdd\u8bc1\u91d1\u662f\u6307\u6295\u8d44\u8005\u5fc5\u987b\u7ef4\u6301\u5728\u4ea4\u6613\u4e2d\u7684\u6700\u4f4e\u8d44\u91d1\u6c34\u5e73\uff0c\u4ee5\u907f\u514d\u56e0\u4ef7\u683c\u6ce2\u52a8\u5bfc\u81f4\u4fdd\u8bc1\u91d1\u4e0d\u8db3\u800c\u88ab\u5f3a\u5236\u5e73\u4ed3\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7ef4\u6301\u4fdd\u8bc1\u91d1\u548c\u5f00\u4ed3\u4fdd\u8bc1\u91d1\u7684\u5dee\u522b\u5982\u4e0b\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pic1.zhimg.com\/v2-05ae10d876ca692faa4b66f65525f55c_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic1.zhimg.com\/v2-05ae10d876ca692faa4b66f65525f55c_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E8%B5%84%E9%87%91%E8%B4%B9%E7%8E%87&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u8d44\u91d1\u8d39\u7387<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6211\u4eec\u524d\u9762\u8bf4\u5408\u7ea6\u4ea4\u6613\u7684\u672c\u8d28\u662f\u5728\u8fdb\u884c\u4ea4\u6613\u6807\u7684\u7269\u7684\u501f\u8d37\uff0c\u6709\u501f\u8d37\uff0c\u5c31\u6709\u5229\u7387\u4ea7\u751f\u3002\u4ee5 ETH \u4e3a\u4f8b\u5b50\uff0c\u5047\u5982\u8fd9\u4e2a\u65f6\u5019\u505a\u7a7a ETH \u7684\u4eba\u8f83\u591a\uff0c\u505a\u591a ETH \u7684\u4eba\u8f83\u5c11\uff0c\u5219\u8bf4\u660e\u8fd9\u4e2a\u65f6\u5019\u5927\u90e8\u5206\u4eba\u90fd\u5728\u501f\u5165 ETH\uff0c\u505a\u7a7a\u7684\u4eba\u5c31\u8981\u4ed8\u501f\u5165 ETH \u7684\u5229\u606f\u7ed9\u505a\u591a\u7684\u4eba\uff0c\u6b64\u65f6\u8d44\u91d1\u8d39\u7387\u4e3a\u8d1f\u6570\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u540c\u7406\uff0c\u5047\u5982\u505a\u591a ETH \u7684\u4eba\u8f83\u591a\uff0c\u90a3\u9ebd\u505a\u591a\u7684\u4eba\u5c31\u9700\u8981\u4ed8\u5229\u606f\u7ed9\u505a\u7a7a\u7684\u4eba\uff0c\u6b64\u65f6\u8d44\u91d1\u8d39\u7387\u4e3a\u6b63\u6570\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8d44\u91d1\u8d39\u7387\uff08Funding Fee\uff09\u7684\u4f5c\u7528\u662f\uff0c\u907f\u514d\u591a\u7a7a\u5e02\u573a\u5f80\u4e00\u904d\u6781\u5ea6\u504f\u79fb\uff0c\u5bfc\u81f4\u6c38\u7eed\u5408\u7ea6\u7684\u6210\u4ea4\u4ef7\u683c\u4e0e\u73b0\u8d27\u6210\u4ea4\u4ea4\u5272\u5dee\u5f02\u592a\u591a\u3002\u6240\u4ee5\u901a\u8fc7\u6536\u53d6\u8d44\u91d1\u8d39\u7387\u6765\u589e\u52a0\u5e02\u573a\u5f3a\u52bf\u4e00\u65b9\u7684\u5f00\u4ed3\u6210\u672c\uff0c\u907f\u514d\u5e02\u573a\u53d1\u751f\u6781\u7aef\u884c\u60c5\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6839\u636e\u5404\u5927\u4ea4\u6613\u6240\u7684\u89c4\u5b9a\uff0c\u8d44\u91d1\u8d39\u7387\u90fd\u662f\u6bcf 8 \u4e2a\u5c0f\u65f6\u6536\u53d6\u4e00\u6b21\uff0c\u5206\u522b\u4e3a0\u70b9\u30018\u70b9\u300116\u70b9\u3002\u5728\u6c38\u7eed\u5408\u7ea6\u4ea4\u6613\u9875\u9762\u663e\u793a\u7684\u5012\u8ba1\u65f6\u5c31\u662f\u6307\u8ddd\u79bb\u4e0b\u4e00\u6b21\u6536\u53d6\u8d44\u91d1\u8d39\u7387\u7684\u65f6\u95f4\u3002\u5982\u679c\u5728\u6536\u53d6\u8d44\u91d1\u8d39\u7387\u7684\u4e24\u4e2a\u65f6\u95f4\u70b9\u4e4b\u95f4\u5b8c\u6210\u5f00\u4ed3\u548c\u5e73\u4ed3\u7684\u52a8\u4f5c\uff0c\u5219\u4e0d\u9700\u8981\u652f\u4ed8\u8d44\u91d1\u8d39\u7387<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pic3.zhimg.com\/v2-c92238ee56a32c00650e2f74f0d2a0f8_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic3.zhimg.com\/v2-c92238ee56a32c00650e2f74f0d2a0f8_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u5982\u4e0a\u56fe\u4e2d\u663e\u793a\u7684\u6570\u636e\uff0c\u6b64\u65f6\u8d44\u91d1\u8d39\u7387\u4e3a\u6b63\u6570\uff0c\u505a\u591a\u7684\u4eba\u9700\u8981\u652f\u4ed8\u8d44\u91d1\u8d39\u7387\u7ed9\u505a\u7a7a\u7684\u4eba\u3002\u8ddd\u79bb\u4e0b\u4e00\u6b21\u6536\u53d6\u8d44\u91d1\u8d39\u7387\u7684\u65f6\u95f4\u8fd8\u6709 1 \u5c0f\u65f6 9 \u5206\u949f 4 \u79d2\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u53ea\u6709\u5728\u7ed3\u7b97\u65f6\u95f4\u70b9\u6301\u4ed3\u624d\u4f1a\u8ba1\u7b97\u8d44\u91d1\u8d39<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6807\u8bb0\u4ef7\u683c \/ \u6307\u6570\u4ef7\u683c<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6807\u8bb0\u4ef7\u683c\uff08Mark Price\uff09\uff1a<\/strong>\u662f\u5408\u7ea6\u7684\u5f53\u524d\u4ef7\u683c\uff0c\u7528\u4e8e\u8ba1\u7b97\u8d44\u91d1\u8d39\u7387\u548c<a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E5%BC%BA%E5%B9%B3%E4%BB%B7%E6%A0%BC&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u5f3a\u5e73\u4ef7\u683c<\/a>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6307\u6570\u4ef7\u683c\uff08Index Price\uff09\uff1a<\/strong>\u6307\u6570\u4ef7\u683c\u662f\u6839\u636e\u591a\u5bb6\u4ea4\u6613\u6240\u5e02\u573a\u4ef7\u683c\u8ba1\u7b97\u7684\u5e73\u5747\u503c\uff0c\u7528\u4e8e\u786e\u5b9a\u5408\u7ea6\u7684\u5b9e\u9645\u4ef7\u683c\u3002\u4f7f\u7528\u6307\u6570\u4ef7\u683c\u53ef\u4ee5\u907f\u514d\u5355\u72ec\u4e00\u5bb6\u4ea4\u6613\u6240\u51fa\u73b0\u63d2\u9488\u3001\u6781\u7aef\u884c\u60c5\u3001\u4ef7\u683c\u64cd\u7eb5\u800c\u4f7f\u7528\u6237\u8d44\u91d1\u635f\u5931\u7684\u60c5\u51b5<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f53\u6807\u8bb0\u4ef7\u683c\u548c\u6307\u6570\u4ef7\u683c\u76f8\u5dee\u8f83\u5927\u7684\u65f6\u5019\uff0c\u6700\u597d\u4e0d\u8981\u4ea4\u6613\uff0c\u8bf4\u660e\u6b64\u65f6\u5e02\u573a\u4ef7\u683c\u6ce2\u52a8\u5927\uff0c\u4ea4\u6613\u98ce\u9669\u8f83\u9ad8<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5f3a\u5e73\u4ef7\u683c<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5f3a\u5e73\u4ef7\u683c\u662f\u6295\u8d44\u8005\u7684\u4ed3\u4f4d\u4f1a\u88ab\u81ea\u52a8\u5e73\u4ed3\u7684\u4ef7\u683c\uff0c\u4e5f\u500d\u79f0\u4e3a\u201c\u7206\u4ed3\u4ef7\u683c\u201d\u3001\u201c\u6e05\u7b97\u4ef7\u683c\u201d\u3002\u5982\u679c\u5e02\u573a\u4ef7\u683c\u8fbe\u5230\u6216\u63a5\u8fd1\u5f3a\u5e73\u4ef7\u683c\uff0c\u6295\u8d44\u8005\u7684\u4ed3\u4f4d\u5c06\u88ab\u5f3a\u5236\u5e73\u4ed3\u4ee5\u907f\u514d\u66f4\u5927\u7684\u635f\u5931<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5168\u4ed3\u6a21\u5f0f \/&nbsp;<a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E9%80%90%E4%BB%93%E6%A8%A1%E5%BC%8F&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u9010\u4ed3\u6a21\u5f0f<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5168\u4ed3\u6a21\u5f0f\uff08Cross Margin\uff09\uff1a<\/strong>\u5728\u5168\u4ed3\u6a21\u5f0f\u4e0b\uff0c\u6295\u8d44\u8005\u7684\u4fdd\u8bc1\u91d1\u53ef\u7528\u4e8e\u652f\u4ed8\u6240\u6709\u4ed3\u4f4d\u7684\u635f\u76ca\uff0c\u5373\u662f\u7528\u6237\u5e10\u6237\u88e1\u6240\u6709\u7684\u8d44\u4ea7\u90fd\u4f1a\u88ab\u7528\u4f5c\u4ed3\u4f4d\u7684\u4fdd\u8bc1\u91d1\u3002\u6b64\u65f6\u4ed3\u4f4d\u53ef\u4ee5\u6bd4\u8f83\u665a\u7206\u4ed3\uff0c\u4f46\u662f\u4e00\u65e6\u7206\u4ed3\uff0c\u5c06\u635f\u5931\u6240\u6709\u7684\u8d44\u4ea7\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u9010\u4ed3\u6a21\u5f0f\uff08Isolated Margin\uff09\uff1a<\/strong>\u5728\u9010\u4ed3\u6a21\u5f0f\u4e0b\uff0c\u6bcf\u4e2a\u4ed3\u4f4d\u90fd\u6709\u81ea\u5df1\u7684\u72ec\u7acb\u4fdd\u8bc1\u91d1\uff0c\u8f83\u9002\u5408\u5206\u6563\u98ce\u9669\u7684\u6295\u8d44\u65b9\u5f0f\u3002\u5355\u4e00\u4ed3\u4f4d\u7206\u4ed3\u65f6\u4e0d\u4f1a\u5f71\u54cd\u5230\u5176\u4ed6\u7684\u6301\u4ed3<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pic3.zhimg.com\/v2-00aad9a3343fde4abc1c742c7a74b230_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic3.zhimg.com\/v2-00aad9a3343fde4abc1c742c7a74b230_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E6%9C%AA%E5%B9%B3%E4%BB%93%E9%87%8F&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u672a\u5e73\u4ed3\u91cf<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u672a\u5e73\u4ed3\u91cf\uff08Open Interest\uff0cOI\uff09\u662f\u6307\u5c1a\u672a\u5e73\u4ed3\u7684\u5408\u7ea6\u4ef7\u503c\u603b\u91cf\uff0c\u7528\u4e8e\u8861\u91cf\u5e02\u573a\u53c2\u4e0e\u5ea6\u548c\u6d41\u52a8\u6027\u3002\u4e00\u4e2a\u4ea4\u6613\u6240\u7684\u672a\u5e73\u4ed3\u91cf\u8d8a\u5927\uff0c\u8bf4\u660e\u6b64\u5bb6\u4ea4\u6613\u6240\u7684\u4ea4\u6613\u6df1\u5ea6\u8d8a\u597d\uff0c\u4ea4\u6613\u7684\u70b9\u5dee\u53ef\u80fd\u4e5f\u4f1a\u8d8a\u5c0f<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u9650\u4ef7 \/ \u5e02\u4ef7<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u9650\u4ef7\u8ba2\u5355\uff08Limit Order\uff09\uff1a<\/strong>\u4f7f\u7528\u9650\u4ef7\u529f\u80fd\u65f6\uff0c\u7528\u6237\u53ef\u4ee5\u8bbe\u7f6e\u4ee5\u7279\u5b9a\u4ef7\u683c\u6216\u66f4\u597d\u7684\u4ef7\u683c\u8fdb\u884c\u4ea4\u6613\u3002\u5982\u679c\u4ef7\u683c\u65e0\u6cd5\u8fbe\u5230\u6307\u5b9a\u6c34\u5e73\uff0c\u4ea4\u6613\u5c06\u4e0d\u4f1a\u6267\u884c\u3002\u597d\u5904\u65f6\u53ef\u4ee5\u63a7\u5236\u6210\u4ea4\u4ef7\u683c\uff0c\u4f46\u662f\u5f53\u4ea4\u6613\u6df1\u5ea6\u4e0d\u8db3\u65f6\u53ef\u80fd\u4f1a\u7b49\u5f88\u4e45\u624d\u4f1a\u6210\u4ea4\u751a\u81f3\u65e0\u6cd5\u6210\u4ea4\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5e02\u4ef7\u8ba2\u5355\uff08Market Order\uff09\uff1a<\/strong>\u4f7f\u7528\u5e02\u4ef7\u529f\u80fd\u65f6\uff0c\u7528\u6237\u4f1a\u4ee5\u5f53\u524d\u5e02\u573a\u6700\u4f18\u4ef7\u683c\u987a\u5e8f\u8fdb\u884c\u4ea4\u6613\uff0c\u4e0d\u8bba\u6700\u7ec8\u6210\u4ea4\u4ef7\u683c\u5982\u4f55\u3002\u5e02\u4ef7\u8ba2\u5355\u53ef\u4ee5\u786e\u4fdd\u4ea4\u6613\u7684\u8fc5\u901f\u6267\u884c\uff0c\u4f46\u6210\u4ea4\u4ef7\u683c\u53ef\u80fd\u4e0e\u9884\u671f\u4ef7\u683c\u4e0d\u540c\uff0c\u5f53\u4ea4\u6613\u6df1\u5ea6\u4e0d\u8db3\u65f6\uff0c\u53ef\u80fd\u4f1a\u5bfc\u81f4\u6210\u4ea4\u4ef7\u683c\u548c\u5e02\u573a\u4ef7\u683c\u5dee\u5f02\u592a\u591a<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/picx.zhimg.com\/v2-77d08fefba03fa3209eca632b4127431_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/picx.zhimg.com\/v2-77d08fefba03fa3209eca632b4127431_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee5\u6b64\u56fe\u7684\u4ef7\u683c\u4e3a\u4f8b\u5b50\uff0c\u73b0\u5728\u7684\u6bd4\u7279\u5e01\u6210\u4ea4\u4ef7\u4e3a 67366\u3002\u6b64\u65f6\u5047\u5982\u4f60\u8981\u4e70\u5165 10 BTC\uff0c\u5e76\u4e14\u8bbe\u7f6e\u9650\u4ef7\u6210\u4ea4\u4ef7\u683c\u4e3a 67366\uff0c\u90a3\u4e48\u6b64\u65f6\u8ba2\u5355\u4f1a\u6302\u5728\u8ba2\u5355\u7c3f\u4e2d\uff0c\u7b49\u5f85\u6709\u4eba\u613f\u610f\u4ee5 67366 \u7684\u4ef7\u683c\u5356\u51fa 10 BTC \u7684\u65f6\u5019\u5c31\u4f1a\u6210\u4ea4\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f46\u662f\u5047\u5982\u4f60\u4f7f\u7528\u5e02\u4ef7\u529f\u80fd\u76f4\u63a5\u4e70\u5165 10 BTC\uff0c\u6210\u4ea4\u4ef7\u683c\u4f1a\u6309\u7167\u8ba2\u5355\u7c3f\u4e2d\u7684\u6700\u4f18\u4ef7\u6309\u987a\u5e8f\u6210\u4ea4\u3002\u4ee5\u56fe\u4e2d\u7684\u987a\u5e8f\u4e3a\uff1a\u5148\u4ee5 67366.7 \u7684\u4ef7\u683c\u4e70\u5165 1.525 \u4e2a BTC\uff1b\u518d\u4ee5 67366.5 \u7684\u4ef7\u683c\u4e70\u5165 1.452 \u4e2a BTC\uff1b\u4ee5\u6b64\u63a8\u7d2f\uff0c\u76f4\u81f3\u4e70\u8db3 10 BTC<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6b62\u76c8 \/ \u6b62\u635f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6b62\u76c8\uff08Take Profit\uff0cTP\uff09<\/strong>\u662f\u53ef\u4ee5\u9884\u5148\u8bbe\u7f6e\u4e00\u4e2a\u4ef7\u683c\uff0c\u5f53\u8d44\u4ea7\u4ef7\u683c\u8fbe\u5230\u6216\u8d85\u8fc7\u8be5\u6c34\u5e73\u65f6\uff0c\u4ea4\u6613\u5c06\u81ea\u52a8\u5173\u95ed\uff0c\u4ee5\u786e\u4fdd\u5b9e\u73b0\u9884\u671f\u7684\u5229\u6da6\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6b62\u635f\uff08Stop Loss\uff0cSL\uff09<\/strong>\u662f\u53ef\u4ee5\u9884\u5148\u8bbe\u7f6e\u4e00\u4e2a\u4ef7\u683c\uff0c\u5f53\u8d44\u4ea7\u4ef7\u683c\u8fbe\u5230\u6216\u4f4e\u4e8e\u8be5\u6c34\u5e73\u65f6\uff0c\u4ea4\u6613\u5c06\u81ea\u52a8\u5173\u95ed\uff0c\u4ee5\u907f\u514d\u8fdb\u4e00\u6b65\u635f\u5931<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pic4.zhimg.com\/v2-80fb62e1846e2eedb859a1ff11eff705_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic4.zhimg.com\/v2-80fb62e1846e2eedb859a1ff11eff705_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee5\u4e0a\u56fe\u4e3a\u4f8b\u5b50\uff0c\u5047\u5982 \u5c0f\u9c7c \u5728 100 \u5143\u5904\u5f00\u4ed3\uff0c\u8bbe\u7f6e\u6b62\u76c8\u4ef7\u683c\u4e3a 200\uff0c\u6b62\u635f\u4ef7\u683c\u4e3a 50 \u5143\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u90a3\u6b64\u65f6\u4ef7\u683c\u4e0a\u6da8\u5230 200 \u65f6\u8be5\u4ed3\u4f4d\u5c31\u4f1a\u81ea\u52a8\u5e73\u4ed3\uff0c\u53ef\u662f\u6b64\u65f6\u5c31\u4f1a\u9519\u8fc7\u4ef7\u683c\u6301\u7eed\u4e0a\u6da8\u5230 250 \u5143\u7684\u5229\u6da6\u3002\u4f46\u5047\u5982\u8fd9\u5355\u6ca1\u6709\u6b62\u76c8\u5e73\u4ed3\uff0c\u540e\u7eed\u4ef7\u683c\u5f00\u59cb\u4e0b\u8dcc\u540e\u5229\u6da6\u53cd\u800c\u8fd8\u4f1a\u53d8\u5c11\u3002\u540c\u6837\uff0c\u4ef7\u683c\u4e0b\u8dcc\u5230 50 \u5143\u65f6\uff0c\u4ed3\u4f4d\u4e5f\u4f1a\u81ea\u52a8\u5e73\u4ed3\u4ee5\u907f\u514d\u635f\u5931\u7ee7\u7eed\u6269\u5927\u3002\u5982\u679c\u6b64\u65f6\u6ca1\u6709\u6b62\u635f\uff0c\u540e\u7eed\u4ef7\u683c\u7ee7\u7eed\u4e0b\u8dcc\u65f6\u635f\u5931\u4f1a\u66f4\u5927\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7b80\u5355\u6765\u8bf4\uff0c<a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E6%AD%A2%E7%9B%88%E6%AD%A2%E6%8D%9F&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u6b62\u76c8\u6b62\u635f<\/a>\u662f\u4e00\u79cd\u63a7\u5236\u98ce\u9669\u7684\u65b9\u6cd5\uff0c\u867d\u7136\u53ef\u80fd\u4f1a\u9519\u8fc7\u4e00\u90e8\u5206\u6536\u76ca\uff0c\u4f46\u66f4\u91cd\u8981\u7684\u662f\u80fd\u5728\u4ed3\u4f4d\u635f\u5931\u65f6\u63a7\u5236\u635f\u5931\uff0c\u907f\u514d\u7206\u4ed3<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>U \u672c\u4f4d \/ \u5e01\u672c\u4f4d<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u7684\u6c38\u7eed\u5408\u7ea6\u4e2d\uff0c<a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=U+%E6%9C%AC%E4%BD%8D%E5%90%88%E7%BA%A6&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">U \u672c\u4f4d\u5408\u7ea6<\/a>\uff08USDT Perpetual\uff0cUSDT-Margined Perpetual\uff09\u662f\u4ee5\u7a33\u5b9a\u5e01\u4f5c\u4e3a\u62a5\u4ef7\u8d44\u4ea7\u7684\u5408\u7ea6\uff0c\u4f8b\u5982 BTC\/USDT\u3002\u8fd9\u610f\u5473\u7740\u5408\u7ea6\u7684\u62a5\u4ef7\u548c\u8d39\u7528\u7684\u8ba1\u7b97\u90fd\u4ee5\u7a33\u5b9a\u5e01\u4e3a\u57fa\u51c6\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0e U \u672c\u4f4d\u5408\u7ea6\u76f8\u53cd\uff0c<a href=\"https:\/\/zhida.zhihu.com\/search?content_id=245989555&amp;content_type=Article&amp;match_order=1&amp;q=%E5%B8%81%E6%9C%AC%E4%BD%8D%E5%90%88%E7%BA%A6&amp;zhida_source=entity\" target=\"_blank\" rel=\"noreferrer noopener\">\u5e01\u672c\u4f4d\u5408\u7ea6<\/a>\uff08Coin-Margined Perpetual\uff09\u4e5f\u88ab\u79f0\u4e3a\u53cd\u5411\u5408\u7ea6\uff08Inverse Perpetual\uff09\uff0c\u662f\u4ee5\u7a33\u5b9a\u5e01\u4e4b\u5916\u865a\u62df\u8d27\u5e01\u4f5c\u4e3a\u62a5\u4ef7\u8d44\u4ea7\u7684\u5408\u7ea6\uff0c\u4f8b\u5982 BTC\/USD\u3002\u8fd9\u610f\u5473\u7740\u5408\u7ea6\u7684\u62a5\u4ef7\u548c\u8d39\u7528\u7684\u8ba1\u7b97\u90fd\u4ee5\u865a\u62df\u8d27\u5e01\u4e3a\u57fa\u51c6<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u624b\u7eed\u8d39<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6c38\u7eed\u5408\u7ea6\u4e2d\uff0c\u6bcf\u6b21\u5f00\u4ed3\u548c\u5e73\u4ed3\u90fd\u9700\u8981\u4ed8\u4e00\u5b9a\u6bd4\u4f8b\u7684\u624b\u7eed\u8d39\uff0c\u4f5c\u4e3a\u4ea4\u6613\u6240\u8fd0\u8425\u548c\u64ae\u5408\u8ba2\u5355\u7684\u6210\u672c\u3002\u5927\u90e8\u5206\u4ea4\u6613\u6240\u7684\u624b\u7eed\u8d39\u8ba1\u7b97\u516c\u5f0f\u4e3a\uff1a<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u624b\u7eed\u8d39 = \u5f00\u4ed3\u4fdd\u8bc1\u91d1 x \u6760\u6746\u500d\u6570 x \u624b\u7eed\u8d39\u7387<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e5f\u5c31\u662f\u8bf4\uff0c\u4f60\u8981\u5f00\u7684\u4ed3\u4f4d\u8d8a\u5927\uff0c\u9700\u8981\u4ed8\u7684\u624b\u7eed\u8d39\u4e5f\u5c31\u8d8a\u591a<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pica.zhimg.com\/v2-a71a38e2cd5fe349d4454ad1371f6418_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pica.zhimg.com\/v2-a71a38e2cd5fe349d4454ad1371f6418_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">\u6c38\u7eed\u5408\u7ea6\u7f3a\u70b9\u548c\u98ce\u9669 perpetual-futures-cons<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u7206\u4ed3\u98ce\u9669<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7206\u4ed3\uff08Liquidation\uff09\u662f\u6307\u5f53\u4ed3\u4f4d\u7684\u4e8f\u635f\u8fbe\u5230\u4e00\u5b9a\u7a0b\u5ea6\uff0c\u5bfc\u81f4\u4fdd\u8bc1\u91d1\u4e0d\u8db3\u4ee5\u652f\u6301\u4ed3\u4f4d\u65f6\uff0c\u4ea4\u6613\u6240\u5c06\u81ea\u52a8\u8fdb\u884c\u5f3a\u5236\u5e73\u4ed3\uff0c\u4ee5\u4fdd\u62a4\u4ea4\u6613\u6240\u548c\u5176\u4ed6\u4ea4\u6613\u8005\u7684\u5229\u76ca\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6211\u4eec\u524d\u9762\u5c06\u8bf4\u5408\u7ea6\u4ea4\u6613\u7684\u5e95\u5c42\u903b\u8f91\u5176\u5b9e\u662f\u6760\u6746\u501f\u8d37\uff0c\u6bd4\u5982 \u5c0f\u9c7c \u6709 100 USDT \u7684\u6295\u8d44\u672c\u91d1\uff0c\u4f7f\u7528 10 \u500d\u6760\u6746\u5f00\u542f\u4ef7\u503c 1000 USDT \u7684 BTC \u591a\u5355\u4ed3\u4f4d\uff0c\u5047\u5982\u6b64\u65f6\u6bd4\u7279\u5e01\u4ef7\u683c\u662f 100 USDT\uff0c\u90a3\u4e48\u8fd9\u5355\u7684\u672c\u8d28\u662f\u501f\u5165\u4e86 900 USDT\uff0c\u548c\u672c\u91d1\u4e00\u8d77\u8d2d\u5165 10 \u4e2a BTC\uff0c\u60f3\u8981\u7b49\u6bd4\u7279\u5e01\u4ef7\u683c\u4e0a\u6da8\u4e4b\u540e\u5356\u51fa\u6765\u83b7\u5229\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4f46\u662f\u5047\u5982\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u4e00\u8def\u4e0b\u8dcc\u5230 90 USDT \u4e00\u9897\uff0c\u6b64\u65f6\u624b\u91cc\u7684 10 BTC \u6309\u7167\u5e02\u4ef7\u53ea\u4ef7\u503c 900 USDT\uff0c\u521a\u597d\u7b49\u4e8e \u5c0f\u9c7c \u501f\u5165\u7684\u91d1\u989d\u3002\u5982\u679c\u4ef7\u683c\u7ee7\u7eed\u4e0b\u8dcc\uff0c\u8fd9 10 BTC \u7684\u4ef7\u503c\u5c31\u4f4e\u4e8e\u501f\u6b3e\u4e86\u3002\u800c\u4ea4\u6613\u6240\u4e00\u5b9a\u4e0d\u4f1a\u8ba9\u81ea\u5df1\u4e8f\u635f\uff0c\u6240\u4ee5\u4ea4\u6613\u6240\u4f1a\u5728\u6bd4\u7279\u5e01\u4ef7\u683c\u4e0b\u964d 10%\uff0c\u4e5f\u5c31\u662f\u964d\u81f3 90 USDT \u4e00\u4e2a\u65f6\uff0c\u6e05\u7b97 \u5c0f\u9c7c \u7684\u4ed3\u4f4d\uff0c\u4e5f\u5c31\u662f\u6211\u4eec\u8bf4\u7684\u201c\u7206\u4ed3\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7206\u4ed3\u4e4b\u540e\uff0c\u7528\u6237\u4e0d\u4f46\u8d5a\u4e0d\u5230\u94b1\uff0c\u5c31\u8fde\u5f00\u4ed3\u7684\u4fdd\u8bc1\u91d1\uff08\u672c\u91d1\uff09\u4e5f\u4f1a\u635f\u5931\u6389\u3002\u5e76\u4e14\u4f7f\u7528\u7684\u6760\u6746\u8d8a\u9ad8\uff0c\u5c31\u8d8a\u5bb9\u6613\u7206\u4ed3\u3002\u4e0a\u8ff0\u4f8b\u5b50\u4e2d\uff0c\u4f7f\u7528 10 \u500d\u6760\u6746\u7684\u8bdd\uff0c\u4ef7\u683c\u53cd\u65b9\u5411\u6ce2\u52a8 10% \u5c31\u4f1a\u7206\u4ed3\uff1b\u5982\u679c\u4f7f\u7528 100 \u500d\u6760\u6746\uff0c\u90a3\u4e48\u4ef7\u683c\u53cd\u65b9\u5411\u6ce2\u52a8 1% \u5c31\u4f1a\u7206\u4ed3\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e0a\u9762\u7684\u4f8b\u5b50\u6309\u7167 100% \u7684\u4e8f\u635f\u624d\u7206\u4ed3\u6765\u8ba1\u7b97\u7684\uff0c\u7136\u800c\u5b9e\u9645\u4ea4\u6613\u4e2d\uff0c\u6bcf\u4e2a\u4ea4\u6613\u6240\u8ba1\u7b97\u7684\u7206\u4ed3\u4e8f\u635f % \u6570\u90fd\u4e0d\u592a\u4e00\u6837\uff0c\u6709\u7684\u4f1a\u6309\u7167 90% \u6765\u8ba1\u7b97\u3002\u6240\u4ee5\u5177\u4f53\u4ea4\u6613\u4e2d\uff0c\u76f4\u63a5\u53c2\u8003\u4ea4\u6613\u6240\u7ed9\u51fa\u7684\u5f3a\u5e73\u4ef7\u683c\u6bd4\u8f83\u51c6\u786e<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u63d2\u9488\u98ce\u9669<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u63d2\u9488\u662f\u6307\u5e02\u573a\u77ac\u95f4\u51fa\u73b0\u5267\u70c8\u6ce2\u52a8\uff0c\u7136\u540e\u8fc5\u901f\u6062\u590d\u6b63\u5e38\u6c34\u5e73\u3002\u8fd9\u79cd\u60c5\u51b5\u53ef\u80fd\u89e6\u53d1\u6b62\u635f\u8ba2\u5355\u6216\u5f15\u8d77\u7206\u4ed3\uff0c\u5bfc\u81f4\u6295\u8d44\u8005\u635f\u5931\u3002\u63d2\u9488\u53ef\u80fd\u662f\u7531\u4e8e\u4ea4\u6613\u6240\u6d41\u52a8\u6027\u4e0d\u8db3\uff0c\u4e5f\u53ef\u80fd\u662f\u6076\u610f\u64cd\u7eb5\u5e02\u573a\u7684\u7ed3\u679c<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/pic3.zhimg.com\/v2-e80cadb90baddc042bc8d6f64923fd04_1440w.jpg'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/pic3.zhimg.com\/v2-e80cadb90baddc042bc8d6f64923fd04_1440w.jpg\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\"\/><\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u8d44\u91d1\u8d39\u7387\u78e8\u635f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u6211\u4eec\u524d\u9762\u8bb2\u8bf4\uff0c\u73b0\u5728\u4ea4\u6613\u6240\u90fd\u4f1a\u8981\u6c42\u6301\u6709\u6c38\u7eed\u5408\u7ea6\u4ed3\u4f4d\u7684\u7528\u6237\u6bcf 8 \u4e2a\u5c0f\u65f6\u6536\u53d6\u4e00\u6b21\u8d44\u91d1\u8d39\u7387\u3002\u867d\u7136\u6bcf\u6b21\u53ea\u6709 0.000x%\uff0c\u4f46\u662f\u5982\u679c\u6301\u6709\u7684\u4ed3\u4f4d\u5927\uff0c\u6301\u6709\u4ed3\u4f4d\u7684\u65f6\u95f4\u4e45\uff0c\u6bcf\u6b21\u8d44\u91d1\u8d39\u7387\u79ef\u5c11\u6210\u591a\u8d77\u6765\u4e5f\u662f\u4e00\u7b14\u4e0d\u5c0f\u7684\u8d39\u7528<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u53d1\u5e03\u4e8e 2024-07-23 10:42\u30fb\u65e5\u672c<br><a href=\"https:\/\/zhuanlan.zhihu.com\/p\/710361176\">https:\/\/zhuanlan.zhihu.com\/p\/710361176<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u52a0\u5bc6\u8d27\u5e01\u9886\u57df\uff0c\u65b0\u5174\u7684\u91d1\u878d\u5de5\u5177\u548c\u4ea4\u6613\u65b9\u5f0f\u4e0d\u65ad\u6d8c\u73b0\uff0c\u5176\u4e2d\u6c38\u7eed\u5408\u7ea6\u65e0\u7591\u662f\u8fd1\u5e74\u6765\u5f15\u4eba\u6ce8\u76ee\u7684\u4e00\u79cd\u4ea4\u6613\u65b9\u5f0f\u3002\u4e0e\u4f20\u7edf\u7684\u4ea4\u5272 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12317","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/12317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12317"}],"version-history":[{"count":0,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/12317\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}